Section 8 Company Registration

On average it takes 15-20 days for completion of registration, 2 approvals are required from governmental bodies. However, this is dependent on the workload of the Central Registration Centre (CRC), MCA.

No, company registration is a completely online process. All the required documents are filed electronically, so you would not need to be physically present at all. You would just need to send us scanned copies of all the required documents & forms.

Any individual, organization, company, LLP, corporates, HUF, association of person, partnership firm, etc. can become the member/shareholder of the Section 8 Company. An individual person can also be a foreigner/NRI, but such person must be 18+ above in terms of age and should have a valid PAN card.

Yes, a salaried person or person in employment can become director of a Section 8 Company. One needs to check the employment agreement if that allows for such provisions. In a lot of cases, the employers are quite comfortable with the fact that their employee is a director in another company. However, if there’s a restriction in becoming a director of a company, one can hold shares in a company and become a shareholder alternatively.

Yes, just like any other company, Section 8 Company should also get its books audited and file the same with the Registrar of Companies (ROC) every year.

Yes, Section 8 Companies can receive contributions or donations from non-residents, foreigners, overseas citizens. However, there are certain requirements to be complied with under the Foreign Contribution and Regulation Act, 2010 (FCRA) before receiving any such contributions or donations.

Yes, you can register Section 8 Company at their residential address. You need to submit the utility bill copy of your home address along with the No Objection Certificate from the owner of the premises.

Yes, NRIs and Foreign National can become directors and shareholders in a Section 8 Company along with the required documents, also they can hold majority shares in the company. However, at least one Director on the Board of Directors should be a permanent resident of India.

Yes, a Section 8 Company can raise capital through FDI, subject to compliance with FEMA Regulations.

GST registration is required for those businesses whose aggregate turnover crosses the prescribed limit or such business that does the inter-state supply of goods/services. So every company has to check whether it supplies goods to different states or qualifies for the prescribed turnover limit or any other conditions as specified under GST laws.

Yes, Section 8 Companies can carry out microfinance activities. The microfinance activities should be for the promotion of activities as stated in section 8(1)(a) of the Companies Act, 2013