Section 8 Company Registration procedure for social welfare

Section 8 Company Registration procedure for social welfare

As per the Companies Act, 2013, Section 8 Company refers to a corporation that aims to incentivize 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. To register a Section 8 entity, at least two directors are required. Also, there is no compulsion of securing minimum paid-up capital to set up such a company.

The incorporation process of Section 8 Company

Following Is The Detailed Process Of Incorporation For Section 8 Companies In India; 

Step 1: Secure DSC from the MCA authorized agencies  

DSC, i.e. Digital Signature Certificate, serves as a digital tool for signing various e-forms and scanned copies of documents. It is primarily used by the authorized signatory of the company, such as the Director, partners, managing directors, etc. In this case, the proposed directors of the section 8 companies are required to secure the DSC for signing key documentations. 

Step 2: Visit the MCA portal to file Spice+ Form

The next step is to visit the MCA portal and create an account on the same. After that, the applicant is required to select the Spice+ form option from the Service section located on the top menu of the home page. This would lead the applicant to a brief e-form which entails the two vital parts, A and part B.
Part A helps the applicant to register the proposed company name, and PART B offers the given services:

  • Company Incorporation
  • DIN allotment 
  • PAN allotment
  • TAN Allotment 
  • GSTIN Allotment 
  • EPFO Allotment
  • ESIC Allotment
  • Opening of Bank Account for the Company
  • Profession Tax Registration (only for Maharashtra)

Step 3: Upload mandatory documents and submit the Form

Upload the mandatory documents as mentioned above and make your way to the payment section to submit the standard fees. Once done, tap on the submit button to wrap up the application submission formalities.



Created & Posted By Aashima
Accounts Executive at TAXAJ

TAXAJ is a consortium of CA, CS, Advocates & Professionals from specific fields to provide you a One Stop Solution for all your Business, Financial, Taxation & Legal Matters under One Roof. Some of them are: Launch Your Start-Up Company/BusinessTrademark & Brand RegistrationDigital MarketingE-Stamp Paper OnlineClosure of BusinessLegal ServicesPayroll Services, etc. For any further queries related to this or anything else visit TAXAJ

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