Section 8 Company Registration Fees In India

Section 8 Company Registration Fees In India – Starting a Section 8 company in India is a noble endeavor, aimed at promoting social welfare and charitable activities. As with any business venture, it is crucial to understand the financial aspects involved, including the registration fees. This informative article aims to provide a comprehensive guide on Section 8 company registration fees in India, covering the process, associated costs, and important considerations.

Process Of Section 8 Company Registration

Before delving into the registration fees, it is essential to have a basic understanding of the Section 8 company registration process in India. A Section 8 company, also known as a non-profit organization, is governed by the Companies Act, 2013. Here are the key steps involved in registering a Section 8 company:

  • Company Name Approval: Choose a distinctive name, then get the Registrar of Companies (RoC) to approve it.
  • Memorandum of Association (MoA) and Articles of Association (AoA): Prepare and submit the MoA and AoA, which outline the company’s objectives and governing rules.
  • Director Identification Number (DIN): Obtain the DIN for the Section 8 Company’s prospective directors.
  • Digital Signature Certificate (DSC): Obtain DSCs for the representatives who have been given permission.
  • Get Din: Obtain the DIN for any potential directors of the Section 8 Company. Send the required paperwork, together with the required payments, to the RoC.
  • Getting a certificate of incorporation: The RoC gives a certificate of incorporation following a successful verification.
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Section 8 Company Registration Fees In India

The authorized share capital, stamp duty, and professional fees are only a few of the variables that affect the registration costs for an Indian Section 8 business. Here is a list of the main costs involved:

  • Name Approval Fees: The RoC must be paid an application cost of around INR 1,000 to INR 2,000 to provide the firm with a distinctive name.
  • Stamp Duty: Each state imposes a different amount of stamp duty on the articles of incorporation and memorandum of association. Usually, it is based on the company’s authorized share capital. From a few thousand rupees to thousands of rupees, stamp duty might be charged.
  • Professional Fees: For a seamless registration, hiring professionals is essential. Examples include chartered accountants and company secretaries. Depending on the difficulty of the procedure and the extent of support needed, the professional costs for Section 8 business registration might range from INR 10,000 to INR 50,000.
  • Government Fees: The RoC charges government fees based on the authorized share capital of the company. The fees are as follows:
    • Up to INR 1,00,000: INR 2,500
    • INR 1,00,001 to INR 5,00,000: INR 5,000
    • INR 5,00,001 to INR 10,00,000: INR 10,000
    • INR 10,00,001 to INR 50,00,000: INR 20,000
    • INR 50,00,001 to INR 5,00,00,000: INR 30,000
    • Above INR 5,00,00,000: INR 40,000
  • Miscellaneous Expenses: In addition to the prices indicated above, there can be extra expenditures, such as notary fees, courier fees, and other incidental costs. Depending on the particular criteria of the registration process, these costs may differ.

Disclaimer: It is crucial to remember that the registration costs shown above are approximations and may alter depending on the location of the business and any modifications to governmental laws. For accurate and current information, it is advised to seek the advice of specialists or to examine the most recent charge schedules made available by the RoC.

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Required Documentation To Register Section 8 Company In India

The following paperwork must be created and submitted to the Registrar of Companies (RoC) to register a Section 8 company in India.

1. Identity and Address Proof:

  • Passport-sized photographs of all the proposed directors and shareholders.
  • Identity proof such as a PAN card, Aadhaar card, or passport.
  • Address proof such as an Aadhaar card, voter ID, passport, or recent utility bills.

2. Director Identification Number (DIN) and Digital Signature Certificate (DSC):

  • DIN application forms for all proposed directors, along with identity and address proof.
  • DSC application forms for all authorized representatives.

3. Memorandum of Association (MoA) and Articles of Association (AoA):

  • MoA and AoA outline the company’s objectives, rules, and regulations.
  • The documents must be signed by all subscribers (minimum of two) in the presence of witnesses.

4. Declaration by Directors:

  • Form INC-9: This form contains a declaration by all proposed directors stating their eligibility and absence of any disqualifications under the Companies Act.

5. Address Proof of Registered Office:

  • Rental contracts or ownership documentation proving the registered office.
  • Recent utility bill in the name of the premises owner, not older than two months.

6. NOC from Landlord:

  • If the registered office is rented, a No Objection Certificate (NOC) from the property owner grants permission to use the premises as the registered office.
7. Statement of Accounts:
  • A statement of accounts specifying the estimated income and expenditure for the next three years prepared and signed by a practicing chartered accountant.
8. Incumbency Certificate:
  • In the case of proposed directors being foreign nationals or non-resident Indians (NRIs), an incumbency certificate is obtained from the relevant authorities in their home country.
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9. Additional Documents:
  • Any additional documents or declarations as required by the RoC during the registration process.

Take Away

In conclusion, starting a Section 8 company in India is a noble initiative. With proper planning, professional assistance, and understanding of the process, registration can be streamlined and costs minimized. Legal Hub India supports aspiring Section 8 companies, offering guidance and expertise to navigate complexities.

By investing in resources and complying with legal formalities, these companies can register successfully and contribute to societal betterment. Choose Legal Hub India for a seamless registration experience and make a lasting impact on society.

Frequently Asked Questions About Section 8 Company Registration Fees In India
Q1: What are the registration fees for a Section 8 company in India?

The registration fees range from INR 200 to INR 20,000, based on authorized share capital.

Q2: Are there any additional costs involved in Section 8 company registration?

Yes, additional costs may include professional assistance, legal documentation, and compliance requirements.

Q3: Can the registration fees for a Section 8 company be reduced?

No, the registration fees are fixed and cannot be reduced.

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