What is a Section 8 Company in Chennai?

A Section 8 Company registration in Chennai, under the Companies Act, 2013, is a legal entity established with the primary objective of promoting fields such as commerce, arts, science, sports, education, research, social welfare, religion, charity, protection of environment, or any other charitable objectives. These companies are registered as non-profit organizations (NPOs), and their profits are reinvested to further their objectives rather than being distributed as dividends.

Requirements for Section 8 Company Registration in Chennai

Eligibility Criteria

• Directors Required for Section 8 Company Registration in Chennai: Minimum of two directors (for a private limited) or three directors (for a public limited) are required.
• Members Required for Section 8 Company Registration in Chennai: Minimum of two members (for a private limited) or seven members (for a public limited).
• Profit Distribution in Section 8 Company Registration in Chennai: The profits or income should be applied only for the promotion of the objectives of the company and no dividend should be paid to its members.

Section 8 Company Registration Process in Chennai

Our streamlined section 8 company registration process in Chennai simplifies the journey from inception to incorporation. Here's a glimpse of what to expect:

1. Consultation and Document Collection for Section 8 Company Registration in Chennai: Our consultants guide you through the required documentation, ensuring all necessary papers are in order.
2. Digital Signature Certificate (DSC) for Section 8 Company Registration in Chennai: Obtain DSC for the proposed directors to sign digital forms.
3. Director Identification Number (DIN) for Section 8 Company Registration in Chennai: Apply for DIN for the proposed directors.
4. Name Approval for Section 8 Company Registration in Chennai: Submit the proposed company name for approval to the Ministry of Corporate Affairs (MCA) through the RUN (Reserve Unique Name) service.
5. License Application for Section 8 Company Registration in Chennai: Apply for a Section 8 Company license from the MCA, including the objectives and financial projections.
6. MoA and AoA Drafting for Section 8 Company Registration in Chennai: Prepare the Memorandum of Association (MoA) and Articles of Association (AoA) outlining the company's objectives and rules.
7. Incorporation Filing for Section 8 Company Registration in Chennai: Submit the incorporation form (SPICe+) along with the necessary documents to the MCA.
8. Certificate of Incorporation (COI) for Section 8 Company Registration in Chennai: Upon approval, the MCA issues the Certificate of Incorporation, along with the company's PAN and TAN.

Advantages of Partnering with CA ADDA for Section 8 Company Registration in Chennai

• Expert Guidance for Section 8 Company Registration in Chennai: Our experienced consultants provide personalized support and expert advice throughout the section 8 company registration process in Chennai.
• Customized Solutions for Section 8 Company Registration in Chennai: We tailor our services to meet your specific non-profit needs, ensuring a smooth and efficient section 8 company registration in Chennai.
• Comprehensive Supportfor Section 8 Company Registration in Chennai : From documentation to post-registration compliance of section 8 company in Chennai, we offer end-to-end support at every step.
• Regulatory Compliance for Section 8 Company Registration in Chennai: We ensure strict adherence to all regulatory norms and legal requirements, minimizing risks and ensuring compliance.
• Client Satisfaction: Our commitment to client satisfaction drives us to deliver exceptional service and results, exceeding your expectations.