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Section 8 Microfinance Company Registration Process, Fees, Documents Required

Section 8 company registration is the most popular form of NGO registration and has more credibility among donors, government and other stakeholders. It has more benefits than traditional charitable institutions and is registered under the Companies Act, 2013.

The main objective of Section 8 company is to promote arts, sports, commerce, science, religion, social welfare, charity and environmental protection. Section 8 company can be registered both as a private limited company or a public limited company.

At Professional Utilities, Our Team of experts will help you register your Section 8 company in a seamless manner without you being worried about the documents and registration process. We will take care of all the documents and registration requirements and do the incorporation in the most efficient way due to our years of experience in Company registration.

Table of content

section-8. Company -Incorporation Certificate [sample]

Certificate
What is section-8?
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Section 8 company is an upgraded form of Society and Trust. It has many benefits over traditional forms of charitable institution registration. Section 8 company is the most popular form of NGO registration in India. It is easy to register, run and manage.

The main purpose of Section 8 company is to promote non-profit objectives such as commerce, art, science, sports, education, research, social welfare, religion, charity, protection of environment and other charitable purposes.

In effect from April 1, 2021, all NGOs need to file Form CSR-1 on MCA portal to register with Central Government. MCA has made this Form available on its website and made it mandatory for all the social organisations seeking CSR funds or CSR implementing agencies to file it. The aim of the CSR-1 Form is efficient monitoring of CSR spendings in the country.

Minimum requirements for Section 8 Company registration

  1. Minimum 2 directors are required if Section 8 company is incorporated as a private limited company
  2. Minimum 3 directors in case of incorporation as a public limited company
  3. At least one director should be the resident of India
  4. Registered office address
  5. The objective of the company should be for charitable or social purpose only
  6. The profit cannot be shared among shareholders

Minimum requirements for Section 8 Company registration

  1. Minimum 2 directors are required if Section 8 company is incorporated as a private limited company
  2. Minimum 3 directors in case of incorporation as a public limited company
  3. At least one director should be the resident of India
  4. Registered office address
  5. The objective of the company should be for charitable or social purpose only
  6. The profit cannot be shared among shareholders

Frequently Asked Questions

If you are still thinking about opting for Taxpahal for your loved ones, you can always check out the common queries about our service and support.

Section 8, officially known as the Housing Choice Voucher Program, is a federal housing assistance program in the United States designed to help low-income individuals and families afford safe and decent housing in the private rental market.

Eligibility for Section 8 is based on income level, household size, and U.S. citizenship or eligible immigration status. Generally, applicants must have incomes below a certain threshold set by the local Public Housing Authority (PHA).

To apply for Section 8, you need to contact your local Public Housing Authority (PHA) and submit an application. PHAs typically maintain waiting lists for Section 8 vouchers, so you may need to wait for assistance.

A Section 8 voucher is a form of rental assistance provided to eligible participants. It subsidizes a portion of the rent, allowing participants to pay a reduced amount based on their income.