A Section 8 Company is a non-profit organization registered under the Companies Act, 2013, with the objective of promoting charity, education, art, science, sports, or environmental protection. Profits, if any, are reinvested in furthering its cause rather than being distributed to shareholders.
Get Digital Signature and Director Identification Number.
Apply for name approval via the MCA portal using RUN form.
Apply for Section 8 License with objectives & financials.
Submit incorporation documents including MOA & AOA.
Receive COI & begin operations under Section 8 status.
Yes, but it must be used for furthering its objectives and not for distribution to members.
No minimum capital is required. You can start with any amount suitable for your activities.
Yes, but you must register under FCRA (Foreign Contribution Regulation Act).
If your services cross the exemption limit, then GST registration is mandatory.