NGO/Section 8 Company

NGO/Section 8
Company

Advantages & Benefits

Experience streamlined financial management and compliance solutions with FinBrains, where expert guidance, cost-effectiveness, and client confidentiality converge to drive your business’s success.

Section 8 companies enjoy numerous privileges and exemptions under Company Law, facilitating their operations and social welfare initiatives

Many privileges and exemptions are available to section 8 company under Company Law

A registered partnership firm can participate as a member independently, with all associated rights and responsibilities under applicable laws

Registered partnership firm can be a member in its own capacity

The non-application of Companies Auditor's Report Order (CARO) exempts certain companies from mandatory reporting requirements outlined in the order

Non-application of Companies Auditor's Report Order (CARO)

Exemption from stamp duty for registration facilitates cost-effective and efficient processes for eligible entities under regulatory frameworks

Exemption of Stamp duty for registration

Exemption from the requirement of minimum paid-up capital simplifies entry into business for startups and small enterprises

Exemption from requirement of Minimum Paid-up capital

Tax deductions under section 80G of the Income Tax Act benefit donors contributing to the company, encouraging charitable contributions

Tax deductions to the donors of the Company u/s. 80G of the Income Tax

Minimum Requirements

Minimum 2 Shareholders (for Private Limited NGO) and 7 Shareholders (for Public Limited NGO)

DIN (Director Identification Number) for all the Directors

Minimum 2 Directors (for Private Limited Company) and 3 Directors (for Public Limited Company)

DSC (Digital Signature Certificate) for all of the Directors

Charitable objective required

Address proof for proposed office address

No dividend distribution

What All you get

Minimum 2 Shareholders (for Private Limited NGO) and 7 Shareholders (for Public Limited NGO)
DIN (Director Identification Number) for all the Directors
Minimum 2 Directors (for Private Limited Co.) and 3 Directors (for Public Limited Co.)
DSC (Digital Signature Certificate) for all of the Directors
The directors and shareholders can be same person

What services does FinBrains offer?

We provide business setup, registrations, accounting, taxation, secretarial and legal assistance, and virtual CFO services.

Who can benefit from FinBrains' services?

Our services are tailored for startups and SMEs looking for comprehensive financial and compliance solutions.

What makes FinBrains cost-effective?

We ensure the best value for your investment by offering high-quality services at competitive rates.

What is a virtual CFO service?

Our virtual CFO service offers strategic financial management and advisory support without the need for a full-time in-house CFO.

How does FinBrains ensure client confidentiality?

We maintain strict privacy standards and handle all client information with the utmost care and security.

Our team comprises experienced chartered accountants and corporate financial advisors with extensive industry knowledge.

How do I get started with FinBrains?

You can contact us through our website or directly reach out to us for an initial consultation.

Can FinBrains assist with business setup and registration?

Yes, we offer comprehensive support for setting up and registering your business, ensuring compliance with all regulatory requirements.

What industries does FinBrains serve?

We cater to a wide range of industries, including technology, manufacturing, services, and more, focusing on the unique needs of startups and SMEs.

How do I know if I need virtual CFO services?

If your business requires strategic financial guidance but does not need a full-time CFO, our virtual CFO services can provide the expertise you need on a flexible basis.

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