Documents for Section 8 Company Registration

No minimum capital limit has been mentioned for a Section 8 Company in India. And the capital structure may be altered at any stage as per the growth requirements of the company. This implies that it can be formed without any share capital.

Section 8 Company is not allowed to raise capitals by way of deposits but they can accept donations from the general public. There is no limitation to domestic donations. But to avoid money laundering cases, a proper system must be laid down to keep them in check.

A Section 8 Company is exempt from the requirement of paying stamp duty on the MoA and AoA of the private or public limited company. Which is applicable for registration of other kinds of company structures.

Section 8 Company does not need to suffix Limited or Private Limited, next to its legal name. It can be registered with names that have words like Association, Society, Council, Club, Charities, Foundation, Academy, Institute, Organisation, and Federation.

Those donating to a Section 8 Company are eligible for tax exemptions u/s 12A and 80G of the Income Tax Act.

A registered partnership firm can become a member in its individual capacity and obtain Directorship.