A minimum of two people is required to register a section 8 company in India.

Section 8 Company can be incorporated to promote commerce, art, science, research, sports, social welfare, education, charity, religion, and protection of the environment or any such object. The condition is that such a Company should use its profits (if any) for promoting its objects and should not pay any dividends to its members.

As per Companies Act, 2013, there is no such restriction regarding capital to incorporate a company. This limit can be increased at any stage of the business in future as the business grows. While MCA Form MGT7 should be filed within 60 days from the date of AGM. That means if AGM is on 30th September then ROC Form MGT 7 due date would be 28th November.

The entire procedure is completely online and you don’t have to be present in person. All you need to provide is scan copy of required documents to us and our team will do the rest.

The complete process can be completed within 15 days. However, this largely depends on the Ministry’s approvals.

Yes, an NRI or Foreign National can be a Director in a Section 8 Company with a valid Director Identification Number. However, at least one Director on the Board of Directors must resident in India.

There are many privileges and advantages under the Company Law to Section 8 companies. • Forming Section 8 company is an easy process • Minimum paid-up capital is not required • Stamp duty registration is exempted • Any registered partnership firm can be a member in its individual capacity • Tax deductions benefits u/s 12AA and u/s 80G of Income Tax Act to the donors of the company • Greater flexibility