Minimum Requirements for Section-8 Company:
1. At least two shareholders
2. Minimum two directors
Shareholders and Directors could be same.
3. At least one Director should be Indian resident
4. There is no minimum capital required.
5. Income tax PAN (mandatory)
6. Identity Proof (Voter ID/ Aadhar Card, etc)
7. Passport (mandatory)
8. Proof of residence ( Electricity/ Telephone/ Mobile Bill or Bank Statement)
9. Registered Office Address Proof (Rent agreement if the premises is not owned by the company)
10. Documents claiming the ownership such as Sale Deed or House Tax receipt along with an NOC.
Benefits of Forming Section 8 Company
Many privileges and exemptions are available to section 8
company under Company Law
Exemption from requirement of Minimum Paid-up capital
Exemption of Stamp duty for registration
Non-application of Companies Auditor's Report Order (CARO)
Registered partnership firm can be a member in its own
capacity
Tax deductions to the donors of the Company u/s. 80G of the
Income Tax
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