Magus can help you with incorporation of Sec 8 Company for you, as and when required, in a hassle-free manner within a reasonable time span and for competitive professional fee which starts from Rs. 13,999/-
A Sec 8 company is a type of Non-Profit entity, and is formed mostly for charitable purposes. The structure is similar to Trusts and Societies. Sec 8 company is the most reliable and transparent form of business structure as compared to other form of charitable structures in India. Certain relevant queries in connection with the same have been dealt below.
Minimum two persons are required to form a Sec 8 Company if it incorporated as a Private Limited Company and minimum 7 persons are required if is incorporated as Public Company. Further, a maximum number of up to 200 persons can be a member of a single Sec 8 Company if it is incorporated as Public company and there is no maximum limit of members if it is incorporated as Public company.
Shareholders are the owners of companies limited by shares. As the beneficial owners of a limited company, they are not involved in day-to-day management or financial affairs. They are also called 'members' and they agree to become part of a company by taking a minimum of one share in it. The quantity of shares held by each person represents how much of the business they own.
The Sec 8 company can be incorporated with any amount of capital and there is no lower or upper limit to it, if it is incorporated as Private Limited company. However, minimum of Rs. 5,00,000/- capital shall be required to incorporate a Sec 8 Company as a Public Limited Company
PAN Card (All the Proposed Directors and/or Shareholders)
ID Proof (All the Proposed Directors and/or Shareholders)(Passport/ Voter ID/ Aadhar Card/ Driving License)
Address Proof (All the Proposed Directors and/or Shareholders)(Telephone Bill/ Mobile Bill/ Savings Bank Statement)
Passport size Photograph (All the Proposed Directors and/or Shareholders)
Rent Agreement (For proposed company Address)
A permission letter from the owner about use of his premises for registered office of the proposed company
*All the documents mentioned above in point no 1 to 3 need to be self-signed by the respective proposed directors/ members/ shareholders
*All the utility bills or bank statements shall be less the 2 months old
Magus can help you with incorporation of Sec 8 Company for you, as and when required, in a hassle-free manner within a reasonable time span and for competitive professional fee. To know more, please book a telephonic appointment with one of our consultants free of charge.
2) The Stamp Duty varies from state to state and in states such as Andhra Pradesh, Bihar, Chandigarh, Chhattisgarh, Daman And Diu, Delhi, Goa, Gujarat, Karnataka, Kerala, Lakshadweep, Madhya Pradesh, Maharashtra, Punjab, Rajasthan, Telangana, Uttar Pradesh, Uttarakhand fees shall vary accordingly & shall be charged additionally as per actual
3) The fees mentioned above is valid for Authorised Capital upto Rs. 15 Lakhs and in case Authorised Capital is above Rs. 15 Lakhs the additional fee shall be charged as per actuals
4) The above fee includes Name application for upto 4 choice names and in case all the 4 names are rejected by the department, additional fee shall be charged as per actuals
5) The Audit Fees shall not be a part of our professional fees and shall be payable directly to the Auditor
6) In case the above plan does not qualify your requirements, kindly contact our executive, we shall be happy to customise a plan for you
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