Non Profit Organization

A nonprofit has tax-exempt status for furthering religious, scientific, charitable, educational, literary, public safety, or cruelty-prevention causes

What is a Non Profit Organization?

An NPO/NGO/SETION 8 Company 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.

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.

Benefits of Non-Profit Organization:

  • 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

Price and Plan

Price may varies for different states in India
ESSENTIAL
₹ 13999/-
(All Inclusive)
  • 2 Digital Signature Certificates

  • 2 Director Identification Numbers

  • Name Approval

  • Stamp duty on INR 1 Lakh Authorized Capital

  • Company Incorporation

  • MOA & AOA

  • PAN

  • TAN

  • Section 8 Licence

ENHANCED
₹ 19999/-
(All Inclusive)
  • 2 Digital Signature Certificates

  • 2 Director Identification Numbers

  • Section 8 Licence

  • Name Approval

  • Stamp duty on INR 1 Lakh Authorized Capital

  • Company Incorporation

  • MOA & AOA

  • PAN

  • TAN

  • Trademark (1 application 1 class) (start ups, proprietorship & small business)

ULTIMATE
₹ 34999/-
(All Inclusive)
  • 2 Digital Signature Certificates

  • 2 Director Identification Numbers

  • Section 8 Licence

  • Name Approval

  • Stamp duty on INR 1 Lakh Authorized Capital

  • Company Incorporation

  • MOA & AOA

  • PAN

  • TAN

  • Trademark (1 application 1 class) (start ups, proprietorship & small business)

  • 1st Income Tax filing upto turnover of Rs.50 Lakhs

  • 1 Year TDS Filing upto 500 entries

  • 1st Annual Filing upto turnover of Rs. 50 Lakhs

  • 25 Copies of MOA

  • 25 Copies Of AOA

  • 10 Copies of Share Certificate

  • Company Seal

Compliance required for Non-Profit Organization

Characteristic

It operates for welfare of general public, for promotion of commerce, art, science, sports, education, research, social welfare, religion, charity, protection of environment or any such similar object.

Exemptions

An Non Profit Organization enjoys several exemptions such as no minimum capital, tax deduction to donors as well as to NPOs, exemptions from suffices such as Private Limited or Limited etc.

Profits

Like a private limited company, a Section 8 Company will have incomes, expenses, profits or losses. But in this form of company, profits can be used only for the charitable or not-for-profit purposes mentioned its MOA.

Documents Required for Non-Profit Organization

Quick Checklist

  • Photograph of all the Directors and Shareholders

  • PAN Card of all the Directors and Shareholders

  • ID Proof of all the Directors and Shareholders (Driving License/Passport/Voter ID)

  • Address Proof of all Directors and Shareholders (Latest Bank Statement / Electricity bill / Mobile bill / Telephone bill

  • Electricity Bill or any other utility bill for the address proof of the Registered Office

Specific Requirements

  • A Company must have a registered office in India. Documents like bank statement or electricity bill should not be older than 2 months. Along with that utility bill, rent agreement or sale deed and a No Objection Letter (NOC) from the landlord with his/her consent to use the office as a registered office of a company must be submitted.

How to Incorporate Non-Profit Organization

  1. Obtain DSC

  2. Reserve Your Company Name

  3. Submission of MOA & AOA

  4. Get Company’s Incorporation Certificate

  5. Get Company’s PAN & TAN