Section 8 Company

Choosing GTCS for creating a Section 8 Company offers several advantages and benefits tailored to meet your organization’s philanthropic goals and regulatory requirements. Here’s why GTCS is the ideal partner for establishing your Section 8 Company:

Expertise and Experience

GTCS boasts a team of seasoned professionals with extensive experience in company registration services, including the formation of Section 8 Companies. With our expertise, we understand the intricacies of setting up a Section 8 Company and can guide you through the process seamlessly.

Comprehensive Services

Beyond Section 8 Company registration, GTCS offers a comprehensive suite of services including legal compliance, tax filing, advisory, and more. This holistic approach ensures that all your organization's needs are addressed under one roof, saving you time and effort.

Philanthropic Focus

Section 8 Companies are established for promoting charitable objectives, such as education, healthcare, environment conservation, social welfare, etc. GTCS understands the importance of your organization's philanthropic mission and works closely with you to ensure that your objectives are fulfilled effectively.

Legal Compliance

Section 8 Companies are subject to specific regulatory requirements under the Companies Act, 2013. GTCS ensures that your Section 8 Company complies with all legal and regulatory obligations, including obtaining necessary approvals from government authorities.

Transparent and Fair Pricing

At GTCS, transparency and fairness are at the core of our ethos. Our services are competitively priced with no hidden fees, ensuring that you receive excellent value for your investment. We provide upfront pricing quotes and clearly outline all costs involved in the Section 8 Company registration process.

Personalized Attention

We understand that every Section 8 Company has unique objectives and requirements. GTCS provides personalized attention to each client, tailoring our services to meet your specific needs and preferences. We work closely with you to understand your philanthropic goals and objectives, ensuring that they are reflected in the formation of your Section 8 Company.

Timely Execution

GTCS is committed to delivering prompt and efficient services. We understand the importance of timely execution and strive to complete the Section 8 Company registration process within the stipulated timeframe. Our streamlined processes and attention to detail ensure minimal delays and a smooth experience for our clients.

Customer Satisfaction

At GTCS, customer satisfaction is our top priority. We take pride in delivering high-quality services that exceed our clients' expectations. Our dedicated team is always available to address your questions and concerns, providing ongoing support and assistance throughout the Section 8 Company registration journey.

Pricing

Basic

25999

Our Basic package is perfect for clients looking for essential services tailored to meet their specific needs. With this package, you'll receive comprehensive assistance and support to address fundamental requirements efficiently and effectively.

Basic Express

30999

For those seeking quick and reliable solutions without compromising on quality, our Basic Express package is the ideal choice. With expedited processing and swift delivery, this package ensures that your needs are met promptly while maintaining attention to detail and accuracy.

Advance

38999

Step up to our Advance package for enhanced features and personalized attention. This package is designed for clients seeking a broader range of services and comprehensive support to meet their more complex requirements. Benefit from our expertise and guidance every step of the way.

Advance Express

45999

Combining the benefits of our Advance package with expedited processing, our Advance Express package is the ultimate solution for clients who require rapid results without sacrificing excellence. Receive top-notch service with quick turnaround times, ensuring your needs are met efficiently and effectively.

Six Key Essential Steps to Achieve Success

01

Client Inquiry

Potential clients reach out to the consultancy seeking registration and certification services, initiating the process.

02

Initial Consultation

A comprehensive meeting is conducted by our Executive to understand the client’s requirements, discussing the necessary certification type and compliance standards.

03

Quotation and Agreement

Following the consultation, a detailed quotation is provided, outlining the services and associated costs. Upon agreement, a formal contract is signed between the company and the client.

04

Document Submission and Review

Clients submit essential documents and information required for the registration and certification processes, meticulously reviewed by our team for completeness and accuracy.

05

Pre-Assessment (Optional) and Audit Planning

An optional pre-assessment may be conducted to evaluate the client’s readiness, identifying any gaps. Subsequently, the company plans the certification audit, scheduling dates and assigning auditors.

06

On-Site Audit and Certification Decision

Auditors perform on-site assessments to verify compliance with relevant standards or regulations, documenting findings. Following the audit, the company evaluates results to determine certification eligibility, issuing it upon compliance.

Frequently Asked Questions (FAQs)

What is a Section 8 Company?

A Section 8 Company, as per the Companies Act, 2013 (previously Section 25 Company under the Companies Act, 1956), is a type of organization established for promoting charitable objectives such as education, art, science, sports, social welfare, religion, environment conservation, research, and more. Unlike other companies, Section 8 Companies primarily exist for non-profit purposes and reinvest any income or profits back into their objectives.

What are the key features of a Section 8 Company?

The key features of a Section 8 Company include:
- Non-profit Objective: Section 8 Companies are established for promoting charitable or philanthropic objectives and are not driven by profit-making motives.
- Limited Liability: Members or shareholders of a Section 8 Company have limited liability, meaning their personal assets are protected from the debts and liabilities of the organization.
- No Minimum Capital Requirement: Unlike other types of companies, Section 8 Companies do not have a minimum capital requirement for incorporation.
- Tax Exemptions: Section 8 Companies are eligible for various tax exemptions and benefits under the Income Tax Act, including exemption from income tax on surplus income applied towards charitable purposes.
- Stringent Regulatory Oversight: Section 8 Companies are subject to regulatory oversight by the Ministry of Corporate Affairs (MCA) and must comply with specific requirements outlined in the Companies Act, 2013.

Who can form a Section 8 Company?

Any individual or group of individuals who intend to promote charitable or philanthropic objectives can form a Section 8 Company. However, the proposed objectives must be in line with the provisions of the Companies Act, 2013, and approval from the relevant government authorities is required.

What are the steps involved in forming a Section 8 Company?

The steps involved in forming a Section 8 Company typically include:
- Obtaining Digital Signature Certificates (DSC) and Director Identification Numbers (DIN) for proposed directors.
- Drafting the Memorandum of Association (MOA) and Articles of Association (AOA) in compliance with the Companies Act, 2013.
- Applying for name approval from the Registrar of Companies (ROC).
- Filing incorporation documents, including MOA, AOA, and other required forms, with the ROC.
- Obtaining the Certificate of Incorporation from the ROC, which marks the official formation of the Section 8 Company.

What are the compliance requirements for a Section 8 Company?

Section 8 Companies are subject to various compliance requirements, including holding annual general meetings, maintaining proper accounting records, filing annual financial statements and returns with the ROC, and adhering to tax obligations. Additionally, any changes to the MOA or AOA require prior approval from the ROC.

Can a Section 8 Company generate profits?

While Section 8 Companies primarily exist for non-profit purposes, they can generate surpluses or profits from their activities. However, such surpluses or profits must be applied towards furthering the organization’s charitable objectives and cannot be distributed to the members or shareholders as dividends.

How long does it take to register a Section 8 Company?

The registration process for a Section 8 Company typically takes around 30 to 60 days, depending on various factors such as the availability of necessary documents, approval timelines from government authorities, and compliance with regulatory requirements.

Can a Section 8 Company be converted into a different type of organization?

Yes, a Section 8 Company can be converted into a different type of organization, such as a private limited company, public limited company, or LLP, subject to certain conditions and regulatory approvals. The conversion process involves specific procedures and filings with the ROC and other relevant authorities.