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Non Profit Organization
Aiming for promoting objectives like sports, education, research activities? Section 8 Company is for you. Prices Start at INR 16,999/- only.
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What is Non Profit Organization?
All you need to know
An NPO/NGO can be formed for the promotion of any useful object like sports, education, research activities etc. The term No Profit does not mean that the Company cannot generate profit or income, but it essentially means applying the income for further promotion of the object and not for distributing it to the promoters.
What is Non-Profit Organization (NPO)?
A Non-Profit Organization means a trust, company, or other association of persons
- established for a public purpose and
- The income and property of which are not distributive to its members or office bearers except as reasonable compensation for services rendered.
In India, NGO is a term for all non-profit organizations including Trust, Society and Section 8 Company.
- Trust: In Charitable Trust at least two people are required, there is no limit of maximum members
- Society: In society, the minimum seven members are required to be the members
- Section 8 Company: A non-profit Company can be registered under section 8 of the Companies Act with the Registrar of Companies.
- Other names for such not-for-profit organizations are “Sangathan”, “Sangh”, “Sangam”. Income tax exemption is available for all non-profit NGOs.
Benefits of registering an NPO:
- Improves the credibility of the sector because NPOs can account to a public office.
- Brings organizations into a formal system.
- Helps the sector to get organized.
- Helps in finding ways of getting benefits like tax exemptions and funding opportunities.
- Donations made by individuals to the nonprofit corporation may be tax-deductible
It means that the Company can earn profits but the promoters cannot be benefited out of those profits.
ThinkBiz Filings is an eminent business platform and a progressive concept, which helps end-to-end incorporation, compliance, advisory, and management consultancy services to clients in India and abroad. Incorporating a Section 8 Company (Non-Profit Organization) is easy, seamless, cheapest and quickest with ThinkBiz Filings! Apart from an NPO, ThinkBiz Filings also helps entrepreneurs with Private Limited Company Registration, Public Limited Company Registration, LLP Registration, HUF, One Person Company and Proprietorship Firm Registration easily. You may get in touch with our compliance manager on 09704561215or email info@Thinkbizfilings.com for free consultation.
Simple Prices | No Surprises
All you need to know
Our Pricing
BASIC
- 2 Digital Signature Certificates
- 2 Director Identification Numbers
- 1 Name Approval Application
- Stamp duty on INR 1 Lakh Authorized Capital
- Company Incorporation using SPICe+
- Copy of e-MOA & e-AOA
- e-PAN, e-TAN
- ESIC & EPF Registration through SPICe Plus
- Bank Account opening (feature) through SPICe Plus
- Section 8 License
Our Pricing
OPTIMAL
- 2 Digital Signature Certificates
- 2 Director Identification Numbers
- 1 Name Approval Application
- Stamp duty on INR 1 Lakh Authorized Capital
- Company Incorporation using SPICe+
- Copy of e-MOA & e-AOA
- e-PAN,e-TAN
- ESIC & EPF Registration through SPICe Plus
- Bank Account opening (feature) through SPICe Plus
- GST Registration,INC-20A Filing, Appointment of 1st Auditor
- Section 8 License
Our Pricing
ULTIMATE
- 2 Digital Signature Certificates
- 2 Director Identification Numbers
- 1 Name Approval Application
- Stamp duty on INR 1 Lakh Authorized Capital
- Company Incorporation using SPICe+
- Copy of e-MOA & e-AOA
- e-PAN,e-TAN
- ESIC & EPF Registration through SPICe Plus
- GST Registration,INC-20A Filing,Appointment of 1st Auditor
- Form AOC -4 (Form for filing financial statement and other documents with the Registrar)
- Form MGT -7 (Form for filing annual return by a company)
- Section 8 License
Compliance Requirements for a Partnership Firm
Partnership firms must file annual tax returns. The due date is 31st July for non-audit cases and 30th September for audited firms. Timely filing ensures compliance, avoids penalties, and maintains legal standing.
Partnership firms must register for GST if turnover exceeds the prescribed threshold. Regular GST return filing is mandatory to ensure compliance, avoid penalties, and maintain smooth business operations under GST laws.
Partnership firms must deduct and deposit Tax Deducted at Source (TDS) if liable under the Income Tax Act. Timely filing of TDS returns ensures compliance, avoids penalties, and maintains smooth financial operations.
firms must maintain proper books of accounts reflecting an accurate and fair view of financial affairs. Each partner’s capital, withdrawals and profit share should be recorded separately to ensure transparency
Required for partnership firms if business turnover exceeds ₹1 Cr or professional receipts surpass ₹50 Lakh under Section 44AB, ensuring regulatory compliance and accurate financial reporting.
Partnerships must file updates on any changes in firm structure, such as partner additions, removals, or modifications to the partnership deed, ensuring legal compliance and transparency.
Documents Required for Partnership Firms
Key Benefits of a Partnership Firm
Points to make your decision easy
Partnership firms have a straightforward registration process with minimal legal formalities, making them easy and cost-effective to establish.
Partnership firms avoid double taxation, as profits are taxed only at the firm’s level and not again in the hands of partners, ensuring tax efficiency.
Partnership have fewer regulatory requirements and legal formalities compared to corporations, reducing administrative burdens and operational costs.
Partnership firms enable quick decisions without extensive regulatory approvals, allowing for agile business operations and faster implementation of strategies.
Partners can distribute profits as per the agreed ratio in the partnership deed, allowing flexibility and mutual benefit in financial management.
Partnership firms have no minimum capital requirement and can be registered even with Rs. 10,000 as total capital, providing flexibility in business setup.
Our most honorable clients
Get answers to all your queries
- A Private Limited Company must have a minimum of two Directors and can have up to a maximum of fifteen Directors. But if you are a sole owner, you can incorporate an OPC as well.
- Pvt. Ltd. Co. and LLP have a lot of similarities yet they both are different in many of its characteristics and structures. When you wish to start your business, there are many factors that one needs to think upon before selecting any business structures. However, before selecting any business structure, you may refer LLP vs Pvt Ltd- A comparison between two important forms of organisation in India
- It generally takes 8-10 working days to register Private Limited Company in India. The time taken for registration totally depends on the submission of relevant documents by the client and the speed of Government Approvals. To ensure quick and speedy registration, choose a unique name for your Company. The registration fees for the incorporation is inclusive in the package offered to you.
- It generally takes 8-10 working days to register Private Limited Company in India. The time taken for registration totally depends on the submission of relevant documents by the client and the speed of Government Approvals. To ensure quick and speedy registration, choose a unique name for your Company. The registration fees for the incorporation is inclusive in the package offered to you.
- There exists no bar on turnover or capital in private Limited Company unlike One person Company.
- Incorporating a company through Simplified Proforma for Incorporating Company electronically (SPICe plus), with eMoA (INC-33), eAOA (INC-34), is the default option and most companies are required to be incorporated through SPICe only.
- Minimum two directors are required to incorporate a private limited company. Companies Act, 2013, has introduced the concept of One Person Company (OPC) private limited, in which a single individual can start a private limited company. Thus, if you plan to incorporate OPC, you can incorporate it with only one director.
- The Ministry of Corporate Affairs (MCA) mandates that the Directors sign some application documents using their Digital Signature. Hence, a Digital Signature is required for all Directors of the proposed Company. Digital Signature application is to be filed to get a DSC.
- Yes, a Foreign National or an NRI can become a Director of a Private Limited Company in India after obtaining Director Identification Number (DIN). However, it may be noted that at least one Director on the Board of Directors must be a Resident India.
- Thinkbizfilings provides Proprietorship Registration all across India. You can obtain Proprietorship registration in Hyderabad, Vijayawada,Pune, Bangalore, Chennai, Delhi, Kolkata, or any other cities easily with us.
- Don’t worry!! Our expert will help you to choose the best suitable plan for you. Get in touch with our team to get all your queries resolved. Write to us at info@thinkbizfiling.com or call us @+91 970 456 1215
