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Section 8 Company
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Section 8 Company

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Overview

What is a Section 8 Company?

A Section 8 Company is a special category of company registered under Section 8 of the Companies Act, 2013 (previously Section 25 under the Companies Act, 1956). It is incorporated for the promotion of commerce, art, science, sports, education, research, social welfare, religion, charity, protection of environment, or any other useful objective.

Section 8 Company Guide

Core Features, Documents Required, Registration Process & FAQs

What is a Section 8 Company?

A Section 8 Company is a special category of company registered under Section 8 of the Companies Act, 2013 (previously Section 25 under the Companies Act, 1956). It is incorporated for the promotion of commerce, art, science, sports, education, research, social welfare, religion, charity, protection of environment, or any other useful objective.

Unlike a typical company, a Section 8 Company does not distribute its profits or dividends to its members. All income and profits are applied solely towards the promotion of its stated objectives.

Core Salient Features

1. Non-Profit Nature

Section 8 Companies are incorporated exclusively for charitable, social, or non-profit purposes.

Profits, if any, are mandatorily applied towards the furtherance of the company's stated objects.

No dividend or profit distribution is permitted to members or directors.

This is the fundamental distinction from other company types under the Act.

2. Separate Legal Entity & Limited Liability

Like any company, a Section 8 Company is a distinct legal entity separate from its members.

Members enjoy limited liability — their personal assets are not at risk for company obligations.

It can own property, enter contracts, sue and be sued in its own name.

It has perpetual succession, meaning it continues to exist independently of changes in membership.

3. Membership Structure

Can be incorporated as a Private Section 8 Company (minimum 2 members) or a Public Section 8 Company (minimum 7 members).

No maximum limit on the number of members.

Members may include individuals, companies, trusts, or other entities.

Membership does not carry any ownership or profit-sharing rights.

4. Central Government Licence

A Section 8 Company requires a special licence from the Central Government (MCA) under Section 8(1) of the Act.

This licence is granted only if the Registrar of Companies is satisfied that the company's objects are genuinely non-profit in nature.

The licence can be revoked by the Central Government if the company violates the conditions of the licence.

5. Name Suffix Exemption

Unlike Private Limited or Public Limited companies, a Section 8 Company is not required to add 'Private Limited' or 'Limited' as a suffix to its name.

The name can reflect the organisation's charitable purpose — e.g., 'XYZ Foundation', 'ABC Education Society', 'PQR Welfare Trust'.

6. Tax Benefits & Exemptions

Section 8 Companies are eligible to apply for 80G registration (donors get 50%–100% tax deduction on donations).

Eligible for 12A registration (exempting the company's income from tax under the Income Tax Act, 1961).

May apply for FCRA registration to receive foreign contributions/donations.

Can receive CSR funds from corporates under Companies Act, 2013 Schedule VII.

Eligible for stamp duty exemption in several states.

7. Governance & Compliance

Governed by MoA and AoA, similar to other companies but with specific provisions for non-profit operations.

Required to hold Annual General Meetings (AGMs) and board meetings as prescribed.

Must file Annual Return (MGT-7) and Financial Statements (AOC-4) with MCA every year.

Mandatory statutory audit of accounts by a Chartered Accountant.

Directors are not allowed to receive remuneration unless specifically permitted and reasonable.


Documents Required

Complete checklist of documents for Section 8 Company registration

1. Identity & Address Proof of Directors / Members

S.No. Document Purpose / Description
1 PAN Card Mandatory identity proof for all proposed directors and members of the company
2 Aadhaar Card Used for identity and address verification; must be linked to mobile for e-KYC
3 Passport Required if available; valid ID proof for directors with passports
4 Voter ID / Driving Licence Alternative government-issued photo identity proof for each director/member
5 Passport-size Photos Recent colour photographs with white background for each director and member
6 Address Proof (Residential) Bank statement, utility bill (electricity/telephone), or Aadhaar — not older than 2 months
7 Specimen Signature Signature on white sheet — required for each director for e-form filing on MCA portal
8 Email ID & Mobile No. Personal and active contact details of each director for MCA portal registration and OTP verification

2. Registered Office Documents

S.No. Document Purpose / Description
1 Ownership Proof Sale deed / property registration document if premises are owned by the company or its director
2 Rent Agreement Valid registered rent/lease agreement if premises are taken on rent for the registered office
3 NOC from Owner No Objection Certificate from the property owner permitting use of the premises as registered office of the company
4 Utility Bill of Premises Recent electricity bill / water bill / gas bill or property tax receipt showing the registered office address — not older than 2 months

3. Statutory & Incorporation Documents

S.No. Document Purpose / Description Format
1 Memorandum of Association (MoA) Clearly defined objects of the company — must state charitable/social/non-profit purpose; drafted before filing SPICe+ Drafted by CS/Advocate
2 Articles of Association (AoA) Internal rules and regulations for management of the company; must contain provisions restricting profit distribution Drafted by CS/Advocate
3 DIR-2 Form Consent to act as Director — declaration given by each proposed director before appointment Notarised / Signed
4 INC-9 Declaration Declaration by each first subscriber and director confirming compliance with Companies Act provisions; must be on stamp paper Affidavit on Stamp Paper
5 DSC (Class 3) Digital Signature Certificate of each proposed director; mandatory for signing all MCA e-forms electronically USB Token from CA
6 DIN of Directors Director Identification Number — can be newly allotted via SPICe+ or existing DIN of directors can be used MCA Portal
7 Declaration under Rule 19(2) Undertaking by all subscribers and directors that income and profits shall be applied only towards the promotion of company's objects and no dividend shall be paid On Stamp Paper

4. Specific Documents to Section 8

S.No. Document Purpose / Description Format
1 Estimated Future Income & Expenditure Statement Projected financial plan showing how funds will be received and applied towards the stated objects — required for licence application CA Certified
2 Board Resolution / Consent of Members Resolution of all proposed members agreeing to the formation, objects, and appointment of directors of the company Signed by All
3 Statement of Business Activities Detailed description of the proposed activities, programmes, or projects the Section 8 Company intends to undertake On Letterhead
4 Source of Funding Statement Declaration or statement showing the sources from which the company intends to receive funds — donations, grants, CSR, fees, etc. On Letterhead
5 FCRA Application Documents (if applicable) Required separately after incorporation if the company intends to receive foreign contributions — filed with Ministry of Home Affairs Separate application

Registration Process (Step-by-Step)

Detailed procedural guide for Section 8 Company incorporation under MCA

Step 1 Obtain DSC for All Proposed Directors

All proposed directors must obtain a Class 3 Digital Signature Certificate (DSC) from an MCA-empanelled Certifying Authority. Documents required: PAN, Aadhaar, photograph, email, and mobile number. Cost: Rs. 1,000–2,000 per person. Processing time: 3–5 working days.

⚠ Note: DSC is mandatory for signing all electronic forms on the MCA portal. Ensure DSC is in the name of the individual director, not the company.

Step 2 Apply for DIN (Director Identification Number)

Each proposed director requires a unique 8-digit DIN allotted by MCA. For new incorporations, DIN is automatically allotted through the SPICe+ integrated form (no need to apply separately). Directors who already hold a DIN can use the same.

⚠ Note: A maximum of 3 new DINs can be allotted in a single SPICe+ application.

Step 3 Name Reservation via RUN or SPICe+ Part A

Apply for name availability and approval via: (a) RUN (Reserve Unique Name) service on MCA portal — Rs. 1,000 fee for one name; or (b) SPICe+ Part A — up to 2 name choices. The name should not use 'Private Limited' or 'Limited'. It can use terms like Foundation, Forum, Association, Federation, Chambers, Confederation, Council, Electoral Trust. Name once approved is valid for 20 days.

⚠ Note: Ensure the proposed name is not identical or deceptively similar to an existing registered company or trademark.

Step 4 Draft MoA and AoA with Non-Profit Clauses

Prepare the Memorandum of Association (main objects) and Articles of Association (internal rules). The MoA must clearly state that: (i) the company is formed for promotion of charitable/social objects; (ii) no profits shall be distributed to members; (iii) on winding up, assets will be transferred to another Section 8 entity. File as eMoA (INC-33) and eAoA (INC-34) linked to SPICe+.

⚠ Note: The objects clause must be specifically worded to satisfy the Registrar's scrutiny — use professional legal drafting.

Step 5 Apply for Licence under Section 8 — Form INC-12

This is the critical step unique to Section 8 companies. File Form INC-12 with the Regional Director (Central Government) seeking a licence to operate as a Section 8 company. Attachments required: (i) Draft MoA & AoA; (ii) Declaration by each director/subscriber in Form INC-14 (by an Advocate/CA/CS) confirming objects are charitable; (iii) Estimated future income-expenditure statement; (iv) Statement of business activities.

⚠ Note: This licence application is examined by the Office of the Regional Director (RD). Processing time: 30–45 days. The RD may raise queries.

Step 6 Receive Licence in Form INC-16 / INC-17

Upon satisfaction, the Central Government (Regional Director) issues the licence: Form INC-16 for a Private Section 8 Company, and Form INC-17 for a Public Section 8 Company. This licence is the formal permission to operate as a Section 8 Company and is required before final incorporation.

⚠ Note: If the RD rejects the application, a fresh INC-12 application must be filed with revised/corrected documents.

Step 7 File SPICe+ Form for Incorporation

After receiving the licence, complete the incorporation by filing SPICe+ (Part B) along with: eMoA (INC-33), eAoA (INC-34), AGILE-PRO-S (for GST, EPFO, ESIC, Professional Tax, Bank Account). Upload all required documents, attach DSCs, and pay the applicable government fees and state stamp duty online via the MCA portal.

⚠ Note: Attach the Section 8 licence (INC-16/17) as a mandatory attachment in the SPICe+ form.

Step 8 Obtain Certificate of Incorporation (COI)

Upon successful processing by the Registrar of Companies (ROC), the following are issued: Certificate of Incorporation (COI) with the Company Identification Number (CIN); PAN and TAN of the company (auto-allotted by MCA); GST Registration (if applied through AGILE-PRO-S). The COI is the conclusive evidence of incorporation.

⚠ Note: The COI carries the company name with its chosen suffix (Foundation/Forum/etc.) and confirms it as a Section 8 entity.

Step 9 Post-Incorporation Registrations & Compliance

Mandatory actions after incorporation: (1) Open a company bank account in the name of the Section 8 Company; (2) Apply for 12A registration (Income Tax exemption) within 3 months of incorporation; (3) Apply for 80G registration (tax deduction for donors); (4) Register for GST if applicable; (5) Appoint Statutory Auditor (Form ADT-1) within 30 days; (6) File INC-20A (commencement of business declaration) within 180 days; (7) Apply for FCRA if foreign donations are anticipated.

⚠ Note: 12A and 80G registrations are critical for fundraising — without 80G, donors cannot claim tax benefits, which limits donations.

Frequently Asked Questions (FAQs)

Expert answers to common queries about Section 8 Company registration and operations

Q: What is the primary purpose of a Section 8 Company?

A: A Section 8 Company is formed for the promotion of charitable, social, educational, scientific, research, or environmental objectives. It applies its income and profits solely towards these objectives and does not distribute any dividend or profit to its members. It is India's most structured form of non-profit organisation.

Q: Can a Section 8 Company earn income or charge fees for its services?

A: Yes. A Section 8 Company can earn income through fees, subscriptions, donations, grants, and proceeds from activities. However, all such income must be applied exclusively towards the furtherance of the company's stated non-profit objectives. No income can be distributed to members or directors as profit or dividend.

Q: Is a Section 8 Company different from a Trust or Society?

A: Yes. A Section 8 Company is regulated by the MCA under the Companies Act, 2013, making it the most structured and transparent form of non-profit. It has a separate legal identity, limited liability for members, perpetual succession, and is subject to mandatory statutory audit and ROC compliance — unlike trusts or societies, which are governed by state laws with less rigorous oversight.

Q: Can directors of a Section 8 Company receive a salary or remuneration?

A: Directors of a Section 8 Company cannot receive remuneration except with prior approval of the Central Government. However, they may be reimbursed for actual out-of-pocket expenses incurred on behalf of the company. Employees (non-directors) can receive regular salaries.

Q: What is the difference between 12A and 80G registrations?

A: 12A registration grants the Section 8 Company exemption from paying income tax on its own income and surplus. 80G registration allows donors (individuals and corporates) to claim 50%–100% deduction on donations made to the company. Both are granted by the Income Tax Department and are crucial for effective fundraising.

Q: Can a Section 8 Company receive foreign donations?

A: Yes, but only after obtaining FCRA (Foreign Contribution Regulation Act) registration or prior permission from the Ministry of Home Affairs (MHA). Without FCRA, receiving foreign contributions is illegal. FCRA registration requires the company to have at least 3 years of operational history and a track record of spending on charitable activities.

Q: What is Form INC-12 and when is it required?

A: Form INC-12 is the application for obtaining a licence from the Central Government (Regional Director) to operate as a Section 8 Company. It is filed before the SPICe+ incorporation form and is the document through which the company demonstrates its non-profit intent. Without the INC-12 licence, incorporation as a Section 8 company cannot proceed.

Q: Can a Section 8 Company be converted into a regular private limited company?

A: Yes. A Section 8 Company can be converted into a regular private or public limited company, but only after surrendering its Section 8 licence and obtaining prior approval from the Central Government. All profits accumulated during the Section 8 period must be accounted for, and the company must comply with applicable conversion procedures under the Companies Act, 2013.

Q: What annual compliances must a Section 8 Company fulfil?

A: Key annual compliances include: (1) Holding AGM within 6 months of the end of each financial year; (2) Filing MGT-7 (Annual Return) within 60 days of AGM; (3) Filing AOC-4 (Financial Statements) within 30 days of AGM; (4) Filing Income Tax Return (ITR-7) by 30th September; (5) Maintenance of statutory registers; (6) Holding at least 4 board meetings per year; (7) Renewal/compliance of 12A and 80G registration conditions.

Q: Can a Section 8 Company receive Corporate Social Responsibility (CSR) funds?

A: Yes. A Section 8 Company is one of the eligible entities to receive CSR funds under Schedule VII of the Companies Act, 2013, provided its activities fall within the prescribed CSR activities. The company should ideally have 12A, 80G, and CSR-1 (Form CSR-1 registration with MCA) in place to receive CSR funds from corporates.

Q: Is stamp duty applicable on the incorporation of a Section 8 Company?

A: Most states offer full or partial exemption from stamp duty on the MoA and AoA of a Section 8 Company in recognition of its charitable nature. However, this varies state to state. The exemption must be specifically applied for and is not automatically granted in all cases. Professional advice should be sought for state-specific rules.

Q: What happens if a Section 8 Company violates its licence conditions?

A: If a Section 8 Company violates the conditions of its licence — such as distributing profits to members, altering objects to commercial activities, or misusing funds — the Central Government may: (1) revoke the licence; (2) direct the winding up of the company; (3) impose penalties on the company and its officers. Directors can face personal liability for wilful violations under the Companies Act.


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