Section 8 Company can be incorporated to promote commerce, art, science, research, sports, social welfare, education, charity, religion, and protection of the environment or any such object. The condition is that such a Company should use its profits (if any) for promoting its objects and should not pay any dividends to its members.

A minimum of two people is required to register a section 8 company in India.

There is no such restriction regarding capital to incorporate a company. This limit can be increased at any stage of the business in future as the business grows.

The complete process can be completed within 15 days. However, this largely depends on the Ministry’s approvals.

The entire procedure is completely online and you don’t have to be present in person. All you need to provide is scan copy of required documents to us and our team will do the rest.

Yes, an NRI or Foreign National can be a Director in a Section 8 Company with a valid Director Identification Number. However, at least one Director on the Board of Directors must resident in India.

DIN, Director Identification Number, is a unique 8 digit number required by any person proposed to be a Director in the Company.

Digital signature or DSC is equivalent to physical certification but it is relevant electronically. It is needed by concerned department in various forms which required to comply with digital signature.

MOA stands for Memorandum of Association whereas AOA means Articles of Association. While incorporation a company such as Pvt. Ltd, both of these act as essential source of information for various shareholders & other stakeholders.

MOA reveals the name, aims, objectives, registered office address, clause regarding limited liability, minimum paid up capital and share capital of the Company. 

AOAs are the necessary documents to be submitted when the company is incorporated with the Registrar of Companies (ROC).