What is Section-8 Company?

Section-8 Company is incorporated with charitable objects:

1. promotion of commerce, art, science, sports, education, research, social welfare, religion, charity, protection of environment or any such other object;
2. intends to apply its profits, if any, or other income in promoting its objects; and
3. intends to prohibit the payment of any dividend to its members, 

Checklist:

• Have unique name
• Object shall be charatiable
• Have atleast 2 directors
• No minimum capital requied
• Not required to use word “limited” or “private limited” with its name

Details and documents required:

• Unique name for name application
• Main object clause
• Directors cum first subscriber details and documents:
  • Self-attested copy of Aadhar Card
  • Self-attested copy of PAN Card
  • Self-attested copy of Voter id/ Driving license/ passport
  • Address proof (Latest Bank statement/Electricity bill/ Telephone Bill/ Mobile Bill of all directors and subscribers)
  • Education qualification
  • Occupation
  • Mobile number
  • Email Address
  • Ratio of shares by each subscribers
• Copy of Electricity Bill/ Telephone Bill/ Water Bill not older than two months as a Proof of Registered office of Proposed Company.
• Rent agreement(if any)
• NOC for bill
  Note: if proposed directors not having DSC then also needs to apply for DSC and following documents required for application of DSC:
  • Self attested PAN CARD of directors
  • Self attested Aadhar Card of directors
  • Passport size photograph of directors
  • Email address and mobile no. of directors