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Be aware of scams. Donu2019t become the prey of fraudsters in excitement of incorporation of section 8 company with low section 8 company registration fees. Choose LegalPillers, your trusted partner for section 8 company incorporation. We provide you the best service at reasonable rates.<br><br>https://www.legalpillers.com/services/section-8-company-registration
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Section 8 company • As per the Companies Act, 2013, section 8 company is a Non- Governmental Organization (NGO) that has been registered with an objective of promoting fine arts, science, literature, or knowledge that can be share purposely or for charity.
Section 8 Company Registration process • Incorporation of section 8 company is very important. The process of section 8 company registration includes the following steps given below: • Step 1- Prepare DSC, DIN & Name approval: First step is to prepare DSC (Digital Signature Certificate), DIN & application for the approval of name. • Step 2- Apply for License: Next step is to apply for the license. • Step 3- File for Incorporation: At last step, we have to file for incorporation.
Benefits of Section 8 Company Registration Online • Legal recognition • Tax exemption • Foreign funding • Better governance • Eligibility for grants • Pursuit of social objectives
Different types of NGOs in India • Trust Registration: Trust under NGO Registration procedure, generally work with eliminating poverty, giving education, and providing medical relief. • Societies Registration: Member- based organizations work for charitable goals. • Section 8 Registration: NGO registration registered with MCA (Ministry of Corporate Affairs) • Cooperative Society: Voluntary association of individuals with members having equal voting rights. • RWA Registration: RWA is a local community organization focused on addressing the local issues. • Samiti Registration: Forming a group for a specific purpose including cultural, educational, or social activities. • Trade Unions & Associations: Organizations formed by workers and professionals to represent & protect their rights. • Religious NGOs: Work on faith- based mission including religious, cultural & social activities. • Micro Finance NGO: NGOs providing small loans, financial services, and support to low-income individuals & small entrepreneurs.
Section 8 company registration fees • Now a days, there are many fraudsters spread in the market who commit to charge a very less section 8 company registration fees as Rs. 1000/-, Rs. 2000/-, etc. But you don’t need to get confused as they all are frauds. Registration fees for the Section 8 company Incorporation cannot be so less as there are too much paper works for section 8 company registration online. • The minimum fees of Section 8 company registration will be around Rs. 10,000/- which include the stamp duty (government fees), professional fees and can vary for some states like Madhya Pradesh, Kerala, and Punjab. So, section 8 company registration fees for these states can be more.
Cost bifurcation for Section 8 company registration process as - • DSC i.e. Digital Signature Certificate with the fees of around Rs. 2000– Rs. 3,000. • Approval of name with fees of about Rs. 1,000 • MOA & AOA and Incorporation fees • Stamp duty (government fees) of around Rs. 1500- Rs. 2000 • Professional fees However, section 8 microfinance company registration fees is around Rs. 50,000/- which is much more than the fees of sec 8 company registration.
Conclusion • Be aware of scams. Don’t become the prey of fraudsters in excitement of incorporation of section 8 company with low section 8 company registration fees. Choose LegalPillers, your trusted partner for section 8 company incorporation. We provide you the best service at reasonable rates. Legal Pillers www.legalpillers.com