As per the Companies Act, 2013, Section 8 Company refers to a corporation that incentivises arts, sciences, sports, education, environment preservation, social welfare, charity, or other similar objectives. 

The ultimate objection of registering Section 8 Company is to incentivize non-profit goals such as trade, arts, commerce, education, charity, environment protection, sports research, social welfare, etc. Also, there is no compulsion of securing minimum paid-up capital to set up such a company. To register a Section 8 entity, at least two directors are required. 

Documents for Section 8 Company Registration

Following documents are required for Section 8 Company registration:

1. PAN Card of the Directors and Shareholders
   
2. Aadhaar Card
   
3. Latest Bank Statement
   
4. Telephone Bill or Electricity Bill
   
5. Voter ID or Passport or Driving license
   
6. Passport size photograph of all the directors and shareholders
   
7. Copy of the Rental agreement, in case the property is on rent for the registered office
   

Process for Registering a Section 8 Company in India

Section 8 company registration in India is a class by itself. It is a non-profit organisation engaged in social work for the welfare of society and the country.

Section 8 company registration procedure is as follows-

Prepare DSC and file Name Approval

The very first step for Section 8 company registration is to prepare DSC. Apply for Digital Signature Certificate (DSC) as soon as possible.

Section 8 companies should contain words like Foundation, Society, Association, Council, Club, charities, Academy, organisation, Federation, Institute, Chamber of Commerce, Development and many more.

Apply for Section 8 Company registration license from Regional Director, MCA (INC-12)

After Name approval, we will apply for a Section 8 company registration license from the Regional director.

The regional director will review the objectives plans and will grant a permit for Section 8 Company registration. RD usually takes 15 days to issue a license to operate as a section 8 company.

Filing of Section 8 Incorporation Forms on MCA Portal

After getting approval from the regional director, we will proceed to file the section 8 company registration application with the requisite documents before ROC.

Once all clarifications are provided to ROC, the ROC shall issue a Certificate of Incorporation along with a Company Identification Number (CIN).

MoA and AoA file submission

Once you get the License, you need to draft the Memorandum of Association (MoA) and Article of Association (AoA) to file section 8 company registration applications.

The company's Object will be detailed in the MoA and the rules, and the by-laws will be mentioned in the AoA.

PAN, TAN and Bank Account

You must have your PAN, TAN and bank account ready while going for Section- 8 Company registration in India.