Sec.8 Company Registration in Pune
- 2 Digital Signature (DSC)
- Certificate of Incorporation
- PAN & TAN
- 2 DIN
- MOA & AOA
- Name Search & Approval
- Section 8 can be registered with 2 Persons only
- Can avail benefit of Tax exemption & Deduction
- Start Company with or without Share Capital
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Sec.8 Company Registration in Pune
Our Section 8 registration services in Pune are designed to help non-profit organizations and charitable entities achieve legal compliance and gain recognition. We assist with every step of the Section 8 registration process, including drafting and filing the application, preparing the required documentation, and ensuring adherence to regulatory requirements. Our expert team provides personalized support to navigate the complexities of Section 8 registration, helping your organization secure the necessary approvals and benefit from tax exemptions. With a focus on efficiency and accuracy, we ensure a smooth registration experience, allowing you to concentrate on your core mission and impact. Trust us for reliable Section 8 registration services in Pune that align with your organizational goals.
Benefits of Sec.8 Company Registration in Pune
Tax Benefits
Registering a Section 8 Company in Pune offers significant tax benefits. These organizations are eligible for tax exemptions and deductions under the Income Tax Act, including 80G and 12A, reducing tax liability. This helps maximize resources for charitable activities and attract donations with tax benefits for contributors.
Legal Entity Status
Sec. 8 Company registration in Pune, a Sec. 8 Company gains legal entity status, meaning it operates as a separate legal entity from its members. This status allows the company to own property, enter into contracts, and conduct business independently, while offering limited liability protection to its members.
Credibility and Trust
Registering as a Sec. 8 Company in Pune enhances credibility and trust by establishing your organization as a recognized non-profit entity. This formal status boosts confidence among donors, grants, and funding agencies, demonstrating commitment to charitable objectives and ensuring transparency in operations.
No Profit Distribution
Under Sec. 8 Company registration in Pune, no profit distribution is allowed. All profits must be reinvested in furthering the company’s charitable objectives rather than being distributed to members or directors. This ensures that funds are dedicated to social, educational, or charitable activities.
Grant Eligibility
Free and easy transferability of shares in a private limited company in pune enhances liquidity, allowing shareholders to easily buy or sell shares without extensive legal formalities. This flexibility attracts potential investors and simplifies ownership transitions, contributing to financial growth and stability by enabling efficient capital allocation and exit strategies.
Regulatory Compliance
Owning assets in a private limited company in pune offers several benefits, including enhanced credibility and easier access to financing. It provides limited liability protection to shareholders, separating personal and business liabilities. Additionally, it facilitates better asset management, potential tax advantages, and ensures perpetual succession, safeguarding assets through ownership changes.
Corporate Structure
The capacity to sue and be sued allows a private limited company in pune to protect its interests and enforce its rights through legal action. It provides a structured way to resolve disputes, ensuring accountability and compliance with contracts. This legal capacity also helps maintain trust with stakeholders and supports the company’s credibility and operational stability.
Perpetual Succession
A dual relationship in a private limited company in pune involves shareholders also serving as directors, creating unique advantages. This setup fosters aligned interests, enhancing trust and decision-making efficiency. Shareholders are directly involved in strategic planning, ensuring long-term commitment and stability, while directors benefit from a deeper understanding of shareholder expectations.
Requirement of Sec.8 Company Registration in Pune
- Can avail benefits under Section 80G & 12A
- Enhance credibility and attract support from donors, grants, and funding organizations.
- No Minimum Capital requirement
- Ensure transparency and accountability in operations, adhering to established standards.
- Improve operational efficiency and governance through a well-defined corporate structure
- Being Company it leads to easy donation
Classification of Sec.8 Company in Pune
1. Section 8 Company limited by Shares: Section 8 Company can be limited by shares having share capital, and the liability of members is limited to the amount unpaid on their shares.
2. Section 8 Company limited by guarantee and having a share capital: In this type of Company members who guarantee to contribute a certain amount in the event of liquidation, with share capital.
3. Section 8 Company limited by guarantee and Not having a share capital: In this type of Company, the liability of member is limited to the amount of gurantee the provided by them at the event of winding up.
Documents Required for Sec.8 Company Registration in Pune
- Identity Proof and Address Proof
a. Passport/ Aadhar card/ Voter ID/ Driver’s License of Directors,
b. PAN card, and
c. Utility bills or Bank Statements as address proof. - Proof of Registered Office
a. Ownership of Property- Any utility bill like an electricity bill or corporation tax receipt not later than 30 days.
b. Right to use the Property- Rental Agreement or No Objection Certificate (NOC) from the owner. - Declaration and Consent of the proposed Directors
Form DIR-2 serves as the official consent to assume the role of a director respectively. - Statment of asset & Liability:
It is financial statment, which shows the financial position of the company at the time of registration. - Declaration of Deposits:
It is a statment that company has complied with the requirement for recieving or managing deposits. - INC-14:
It is declration by promoters of section 8 company used to certify that the Draft MOA & AOA are incompliance with Section 8 Company. - INC-15:
It is Declaration by Professional like Company secretary, the Draft MOA & AoA has been drawn up in confirmity with Section 8 Company.
Steps of Sec.8 Company Registration in Pune
- Application for DSC (Digital Signature Certificate):
The Digital signature Required of all individuals who subscribing Memorandum of association & Article of Association. They shall sign online forms of Company Registration using Digital Signature.
- Application for Name Approval:
The Name application is first step in Private Limited company registration process. The applicant has to apply with two different names along with Object of the Company Selection.
The applicant has option to approve name first Separately and then apply for incorporation of Company at later stage or to apply for company registrationdirectly with Name. In direct incorporation process, the application can apply with single name only and he should confident for such name.
- Application for Company Registration:
The next stage after name approval is apply for Company registration. The form Includes Spice+, eMOA, eAOA & Agile form. The Company registration forms shall be signed digitally by Applicant & Professional like Practicing Company secretary.
- Get Company Registered:
After Submission of Company registration application, MCA verify the application and Issue the Company registration certificate i.e. Certificate of incorporation along with PAN, TAN, ESIC & PTRC.
5. Get Section 8 License:
Along with Company registration certificate, the License for Section 8 Company recive in INC-12. The Certificate contains the License numbe and some terms and conditions to manage business and funds of section 8 Company
6. Register under NGO Darpan:
7. Opening of Bank Account:
Applicant can open bank account immediately after company registration in Pune & deposit their capital amount which mentioned in MOA. The Bank account open with the Company Registration Documents & Board Resolution of the Company.
Post incorporation Compliance for Section 8 Company Registration in Pune
- First Board Meeting:
Hold the first board meeting within 30 days of the company’s incorporation.
Key decisions to be made at this meeting include:
- Opening of new Bank Account
- Authorised Signatory to apply other registrations in name of company.
- Appointment of first Auditor
- Allotment of Shares.
- Appointment of First Auditor:
The board of directors must appoint the first auditor within 30 days of Company registration. If the board fails to do so, the members can appoint the auditor within 90 days of incorporation. The first auditor holds office until the completion of the first annual general meeting.
- Issuance of Share Certificates:
Share certificate shall issue within the 60 days form company registration.
3. File INC 20A- Declaration for the Commencement of Business:
After Company registration done, the company shall file INC-20A i.e. Declaration for the Commencement of Business within 180 days from Company Registration. It should be verified by a Company Secretary (CS) or a Cost Accountant or Chartered Accountant (CA) in practice.
4. Other statutory Compliances:
The Company Shall compliant with other statutory compliance to protect interest of stakeholders.
Testimonials
Sachin Shivarkar
Section 8 Company Registration in Pune
- Verified Customer (16 December 2024)
Santosh Wayphale
Section 8 Company Registration in Pune
- Verified Customer (21 June 2024)
Kuldeep Suryavanshi
Section 8 Company Registration in Pune
- Verified Customer (15 February 2025)
FAQ's
A Section 8 Company is a type of non-profit organization registered under Section 8 of the Companies Act, 2013. It is formed to promote charitable, educational, or social objectives and operates without the intention of distributing profits to its members.
The advantages include tax benefits, limited liability protection, enhanced credibility, eligibility for grants and funding, adherence to regulatory standards, and a formal corporate structure.
There is no minimum capital requirement for a Section 8 Company. The focus is on the company’s objectives and activities rather than its capital base.
No, a Section 8 Company cannot distribute profits to its members. Profits must be utilized for the company’s charitable objectives and reinvested into its activities.
Compliance requirements include maintaining proper books of accounts, filing annual returns and financial statements with the Registrar of Companies (ROC), conducting regular board meetings, and adhering to tax regulations.
The registration process typically takes around 30-60 days, depending on the completeness of the documentation and processing time by the authorities.
No, a Section 8 Company cannot be converted into a for-profit entity. If the organization’s objectives change to profit-making, it must undergo a different process, such as winding up and re-registering under a different classification.
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