Section 8

Companies with charitable objects are registered under section 8 of the Companies Act, 2013. A person or an association of persons can be registered under this section if:

• their object is to promote commerce, art, science, sports, education, research, social welfare, religion charity, protection of environment or any such other object;
• their intention is to apply its profits, if any, or other income in promoting its objects; and
• They intend to prohibit the payment of any dividend to its members.

One of the distinct features of Section 8 Company limited by guarantee is that it can start the business without infusing any capital at the time of incorporation.

• A Section 8 Company can be formed with two members only, by Company Act 2013.
• It is registered as a separate legal entity. It has its rights and obligations.
• Section 8 Company is a limited liability; the members/partners are not affected. They are liable for unpaid shares only.
• No minimum share capital is required.
• Section 8 Company is an NGO. The company doesn't depend upon the life of its members. There will be no effect on the firm's continuance.

• Pan Card of all Directors and Members (Self attested)
• Identity Proof of all Directors and Members - DL or Voter ID or Passport (Self attested)
• 1 Passport size photo of all Directors and Members
• Address Proof of all Directors and Members- Bank Statement/ Electricity Bill/ Telephone Bill/ Mobile Bill (Self attested and not older than 2 months)
• Proof of Office address (Conveyance/ Lease Deed/ Rent Agreement along with rent receipts/ Tax paid Receipt/ NOC)
• Copy of Government issued Utility Bill of Office address (Not older than 2 months)

• Name Reservation
• Preparation of Digital Signature Certificate
• Application for Director Identification Number (DIN)
• Application for License u/s 8
• Application for Incorporation