A Section 8 Company is a non-profit organization established with the objective of promoting charitable activities, arts, science, education, sports, and other social causes. Unlike other companies, its profits are solely utilized to further these objectives and cannot be distributed among its members. Understanding the concept of a Section 8 Company, along with the required documentation and the incorporation process, is crucial for those looking to establish or engage with such an organization.
Detailed Benefits
Flexible capital structure without any no minimum requirement.
Freedom to choose a name without the need to include "Section 8" in it.
Strict compliance framework boosts trust and reliability compared to NGOs and trusts.
Recognized as a separate legal entity with perpetual existence, enhancing autonomy and credibility.
Eligible for 100% tax exemption under Section 12AA of the Income Tax Act as profits are used for charitable purposes.
An Initiative to empower early-stage and growth-stage in Agri-tech and Clean-tech sector
1. Articles of Association (AOA) and Memorandum of Association (MOA)
3. Proof of office address (utility bills such as electricity, water, or gas)
5. Resolution passed by the promoter company
7. Residential and identity proof of nominees and subscribers
9. Digital Signature Certificate (DSC)
2. Declaration by the first director(s) and subscriber(s)
4. Certificate of Incorporation (COI) of an overseas corporate body (if applicable)
6. Consent of Nominee (INC-3)
8. Applicant’s identity and residential proof
10. Declaration for unregistered companies
it means real leads, loyal customers, and unstoppable growth.
Nexlio Startup was created with the goal of supporting Micro, Small, and Medium Enterprises (MSMEs) by helping them navigate government schemes that can drive business growth.
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