📌 What is Section 8 Company?
A Section 8 Company is a not-for-profit organization formed under the Companies Act, 2013, for charitable or social objectives.
🎯 Benefits
- Separate legal entity.
- Limited liability for members.
- Eligible for tax exemptions under 12A & 80G.
- Higher credibility compared to Trusts/Societies.
👥 Eligibility
- Minimum 2 shareholders and 2 directors.
- Charitable objectives only.
- No distribution of profits allowed.
📑 Documents Required
- PAN, Aadhaar, ID proof of directors.
- MOA & AOA with charitable objects.
- Registered office proof.
- DSCs of directors.
⚙️ Process & Timeline
- File SPICe+ Form on MCA.
- Apply for license via Form INC-12.
- ROC issues COI + Section 8 License.
⏳ Timeline: 20–25 working days.
Service FAQs
No, profits must be reinvested in charitable objects.
Yes, but FCRA registration is required.
Yes, statutory audit is compulsory.
No, conversion is not allowed.
Annual filing with MCA, ITR filing, maintenance of books.
