In India, a non-profit organisation can be registered as Trust by executing a Trust deed or as a Society under the Registrar of Societies, or as a non-profit company under Section 8 Company of the Companies Act, 2013. A Section 8 Company is the same as Section 25 company under the old Companies Act, 1956. Under the new Companies Act 2013, Section 25 (as per the old Act) has now become Section 8. A Section 8 company under the Companies Act, 2013 or a Section 25 Company as per the Companies Act,1956 is an organization registered with an objective of promoting the fine arts, science, literature, or knowledge sharing for a purposeful matter or for charity. These are the limited companies established under the Companies Act. The Government grants these companies an exclusive license under Section 8 Companies Act. There are three main conditions for granting the license is. 1) The company should form for the charitable purpose. 2) Income and profits should be used towards these objects. 3) The company should not pay any dividend to its members.
No Minimum Authorized Capital Requirement
Minimum 2 Directors
Max 200 members for a pvt ltd structure
No capping on max members for public ltd structure
No Stamp Duty
Exemption to Donors
Documents Required
- Identity Proof and Address Proof of Partners
a. Passport/ Aadhar card/ Voter ID/ Driver’s License of Directors and Shareholders,
b. PAN card, and
c. Utility bills or Bank Statements as address proof. - Proof of Registered Office
a. Any utility bill like an electricity bill or corporation tax receipt not later than 30 days to show ownership.
b. Rental Agreement or No Objection Certificate (NOC) in case of rental property. - Memorandum of Association (MOA) and Articles of Association (AOA)
a. MOA defines the objectives and scope of activities of the Company.
b. AOA outlines the internal regulations and governance structures of the Company. - Declaration and Consent of the proposed Directors and Shareholders
Form DIR-2 is the official consent to assume the Director role within the prospective company. - Declaration and Consent of the Nominee
Form INC- 3, along with the PAN card and Aadhar Card, serves as the official consent of the Nominee.
What You will get
- Company PAN & TAN
- Company Name Approval
- MOA & AOA
- Incorporation Certificate
- DSC
- DIN