Section 8 company (NGO)

At Samrat Consultancy, we believe in the power of non-profit organizations to create positive change in society. Our specialized Section 8 (NGO) Services are designed to help you navigate the complexities of establishing and managing a successful non-profit organization under the Companies Act, 2013.

What is a Section 8 Company?

A Section 8 Company is a non-profit entity registered under the Companies Act, aimed at promoting charitable activities. This structure allows organizations to operate with the primary goal of advancing societal interests rather than making profits.

  • Enhanced Credibility: Gain the trust of stakeholders and donors by operating as a legally recognized non-profit.
  • Tax Benefits: Enjoy various tax exemptions and benefits under the Income Tax Act, encouraging more generous donations.
  • Limited Liability Protection: Safeguard personal assets while running your non-profit
  • Tax Exemptions: A Section 8 Company can avail of various tax exemptions under the Income Tax Act.
  • Legal Recognition: It provides a distinct legal entity, enabling the organization to contract in its own name and enjoy a separate corporate existence.
  • Credibility: Section 8 Companies are viewed as more credible than other types of NGOs, such as trusts or societies, due to the stringent registration process.
  • No Minimum Capital Requirement: There is no minimum capital requirement for forming a Section 8 Company.

Tailored Solutions for Your Non-Profit Journey

  1. Registration of Section 8 Company
    Overview: We provide step-by-step guidance to ensure smooth registration.
    Benefits: Legal recognition to operate as a non-profit, enhancing your organization’s legitimacy.

  2. Drafting Memorandum and Articles of Association
    Overview: Expert assistance in creating essential legal documents.
    Benefits: Clearly defined objectives and governance structure for efficient operations.

  3. Compliance Management
    Overview: Ongoing support for regulatory compliance and annual filings.
    Benefits: Avoid penalties and maintain good standing in the eyes of regulators.

  4. Fundraising and Grant Application Support
    Overview: Identify funding opportunities and assist in preparing applications.
    Benefits: Secure financial resources necessary for your initiatives.

  5. Consultation on NGO Governance
    Overview: Professional advice on best practices in NGO management.
    Benefits: Improve transparency, accountability, and effectiveness in operations.

Benefits of Section 8 Company Registration

Registering as a Section 8 Company offers several benefits, both legal and operational:

  • Separate Legal Entity: The company has its own legal status, separate from its members or founders.
  • Limited Liability: Members or directors of the Section 8 Company have limited liability.
  • Perpetual Existence: The company continues to exist even if its directors or members change.
  • Increased Donor Trust: As Section 8 Companies are more structured and transparent, they often enjoy increased trust from donors and the general public.
  • Access to Government Schemes: Section 8 Companies are eligible for various government schemes and grants aimed at supporting social causes.

Documents Required for Section 8 Registration

Essential Paperwork for a Seamless Process
To initiate the registration process, please prepare the following documents:

1. Identity Proof:

1. Identity Proof: Government-issued IDs of proposed directors and members (e.g., Aadhar, passport).

 

2.Address Proof:

2. Address Proof: Utility bills or property documents for the registered office.

 

3. Memorandum of Association (MoA):

3. Memorandum of Association (MoA): Draft outlining the objectives of the NGO.

 

 

4. Articles of Association (AoA):

4. Articles of Association (AoA): Draft detailing internal governance rules.

 

 

5. Declaration by Directors:

5. Declaration by Directors: Confirmation of intent to form a Section 8 Company.

 

 

6. Estimated Annual Income and Expenditure:

6. Estimated Annual Income and Expenditure: Financial overview for the first three years.

 

7. NOC from Property Owner:

7. NOC from Property Owner: No Objection Certificate for the registered office premises.

 

Why Partner with Samrat Consultancy?

Your Trusted Ally in Non-Profit Development

  • Expert Team: Our professionals possess extensive experience in NGO setup and compliance, ensuring you receive top-notch guidance.
  • Tailored Services: We customize our approach to meet the unique needs of your organization, ensuring maximum impact.
  • End-to-End Support: From registration to ongoing compliance, we are with you every step of the way.
Ready to Make a Difference?

Let’s Start Your Non-Profit Journey Together!
Contact us today to discuss how our Section 8 (NGO) Services can help you establish a successful non-profit organization.