Section 8 Company

A Section 8 Company in India offers a straightforward and manageable corporate structure. Combining aspects of Sole-Proprietorship and corporate entities, it enjoys relaxed compliance requirements under the Companies Act. This form of company, similar to an OPC, entails fewer compliance obligations compared to a private company, making registration a simple and cost-effective process.

Registering as a Section 8 Company presents unique opportunities for sole proprietors and entrepreneurs seeking the benefits of limited liability and a distinct legal identity. By eliminating the need to find suitable partners, this structure allows for seamless business initiation with just one person serving as the member, shareholder, and director.

Regarding fees, the government charges for Section 8 Company registration in India vary based on the nominal Share Capital. For instance, a company with a Share Capital of ₹10,00,000 incurs a government fee of ₹2,000. Additionally, nominal share capital between ₹10,00,000 to ₹50,00,000 attracts an extra ₹200 for every ₹10,000 or part thereof of nominal share capital.

Moreover, ancillary expenses such as DIN application fees, stamp duties, and form filing fees are incurred during the OPC Incorporation process in India. It’s crucial not to overlook filing Form 20A after completing OPC registration to ensure compliance.

Why TaxBizz India as your service provider for Section 8 Company?

Choosing TaxBizz India for Section 8 Company services ensures a seamless and compliant journey in establishing a nonprofit organization. With their in-depth knowledge and expertise, TaxBizz India simplifies the intricate process of Section 8 Company registration, providing personalized guidance and cost-effective solutions. By entrusting TaxBizz India, clients can navigate through the legal and regulatory requirements with ease, focusing on their philanthropic endeavors while enjoying the benefits of a recognized legal entity and limited liability.

Documents Required for Section 8 Company

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