Our Locations
Mohali - Chandigarh
Phone Number
9815580037
Mohali - Chandigarh
9815580037
Launch Your Section 8 foundation by our Company Registration Experts at The Shanpro Advisors. With the best CAs/CSs Panel to handhold you through the entire process, the Drafting till Completion - all documentation of a Section 8 Incorporation is on us.
A company is referred to as Section 8 Company when it registered as a Non-Profit Organization (NPO) or Non-Governmental organizations (NGOs) i.e. when it has motive of promoting arts, commerce, education, charity, protection of environment, sports, science, research, social welfare, religion and intends to use its profits (if any) or other income for under section 8(1a, 1b, 1c) of the Companies Act, 2013.
Startup India
Shanpro Advisors is now recognized by Department for Promotion of Industry and Internal Trade under Startup India.
ISO 9001:2015 CERTIFIED
Shanpro Advisors is a ISO certified body, assuring the quality professional services to aspiring startups.
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No minimum capital limit has been mentioned for a Section 8 Company in India. And the capital structure may be altered at any stage as per the growth requirements of the company. This implies that it can be formed without any share capital.
A Section 8 Company is exempt from the requirement of paying stamp duty on the MoA and AoA of the private or public limited company. Which is applicable for registration of other kinds of company structures.
Those donating to a Section 8 Company are eligible for tax exemptions u/s 12A and 80G of the Income Tax Act.
According to the rules and regulations of the Indian Govt. every working professional is obliged to pay the professional tax.
Section 8 Company is not allowed to raise capitals by way of deposits but they can accept donations from the general public. There is no limitation to domestic donations. But to avoid money laundering cases, a proper system must be laid down to keep them in check.
Copy of Aadhaar Card
Address Proof (Bank Statement, Electricity Bill, Telephone Bill)
Copy of PAN Card
Two passport size Photograph
Ownership Proof House Tax
No Objection Certificate
