How to Incorporate a Section 8 Company?

Minimum requirements

• Minimum Two shareholders;

• Minimum Two Directors (Directors and shareholders can be the same person);

• At least one of the Director shall be the  resident in India;

Minimum capital

• No requirement of Minimum capital

Advantages

1) Tax benefits

2) No minimum share capital

3) No need to use title

4) Easy Transfer of ownership

5) A charitable organization or trust registered under section 12 A, allows you to avail tax exemption under section 80G.

Documents Required

The essential documents are:

• Identity Proof: Copy of the Permanent Account Number (PAN) of all the Directors and Promoters (Mandatory);

• Proof of Address:  Copy of a valid Passport/Driving License/ Aadhar Card /Telephone or Electricity Bill, not older than 2 months;

• A recent passport size photograph of the Directors/Promoters;

• In case if the office premises are taken on rent then Rent Agreement or Leave & License Agreement is mandatory;

• Utility Bills like Electricity Bill/ Telephone Bill of the registered office (Not older than 2 Months)

Registration Procedure

Step 1: Application for DSC (Digital Signature Certificate)

Step 2: Fill SPICe+ form (Part A – Name availability – You can submit name availability request)

Step 3: Fill SPICe+ Part B form (Company information i.e. pertaining to directors, shareholders, registered office etc.)

Step 4: Application for incorporation in SPICe+ Part B Form and submit it. It will autognerate the AGILE-PRO Form and SPICe+ INC-9 Form

Step 5: Fill AGILE-PRO form for GSTIN (Not mandatory), EPFO, ESIC, Profession Tax Registration (Only for Maharashtra) and Opening of Bank Account

Step 6: Download all the e-forms prepare online and affix DSC on all the e-forms.

Step 7: Attached the require documents with form SPICe+ and upload the e-forms using linked forms facility from the MCA portal.

Step 8: Issuance of certificate of Incorporation

   Attachments required

Proof of office address

Copies of Utility Bill (Not older than 2 Months)

Form No. INC –13- MOA and AOA

Form No. INC –14- Declaration by advocate /      practicing CA /    CS / CWA

Form No. INC –15- Declaration by each person    making an          application

Post Incorporation

  This is done so as the company can raise capital for its smooth      running in the business.

  Bank Account Opening and Remittance of Subscription Money