If an individual or group of individuals has any of the following aims or goals, they are entitled to register as a Section 8 Company. The Central Government must be satisfied that the objectives have been accomplished.

When a firm wants to advance commerce, science, education, art, sports, research, religion, charity, social welfare, environmental protection, or similar goals;

when the business intends to use all profits (if any) or any income it receives after incorporation exclusively for the furtherance of such purposes;

When the corporation has no intention of paying its shareholders any dividends.

The procedure for incorporating a section 8 company is outlined in the Companies Act, 2013, and according to this provision, an application in Form No. INC.12 must be filed to the Registrar of Companies together with the supporting documentation listed below.

Form no. INC - 13 - Company's Draft Memorandum of Association (MOA) and Articles of Association (AOA) in Form No. INC - 13 (as stipulated in Act) with Affixing of Photographs of Subscribers

Form No. INC-14 - A declaration that the draft MOA and AOA are in compliance with the rules and regulations of Section 8 and that the necessary steps have been made to meet Section 8 criteria must be attached to Form No. INC-14.

Note: The declaration must be written on stamp paper and notarized by a notary public who is a practising advocate, company secretary, chartered accountant, or cost accountant.

Form No. INC-15 - A statement in Form No. INC-15 on stamp paper that has been notarized by each member of the applying company.

First directors and each subscriber must complete Form No. INC-9, which must be properly notarized and stamped with the appropriate State's stamp.

An estimate of the company's projected yearly income and expenses for the following three years, along with information on the sources of income and the intended use of funds.