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Sec 8 Companies

A section 8 company is a company with limited liability that may be formed for "promoting commerce, art, science, religion, charity or any other useful object," provided that no profits, if any, or other income derived through promoting the company's objects may be distributed in any form to its members.

A ‘Company’ may be formed/incorporated without addition of word "Limited" or "Private Limited" and on completion of all formalities, the formation is certified through certificate of incorporation from the date company came into existence. An association that has already registered as company can also apply for license u/s 8.

The income of the Company must be used to promote only charitable objects and cannot pay any dividend to the members of the company. The central government provides an incorporation certificate to all such companies and also informs them about some restrictions and conditions. In case they don’t fulfil them, the central government may also order them to wind up the company. In case fraud objectives of the Company are proved, legal action will be taken against all officers of the Company.

Documents Required For Section 8 Company Registration

  • Digital Signature Certificate
  • Director Identification Number
  • Memorandum of Association
  • Articles of Association
  • ID proof for members
  • Passport size Photographs
  • Director’s details
  • Address Proof
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Finance & Accounts Outsourcing Services

In today's scenario of globalization and technology convergence, the process of doing business has been redefined. Outsourcing various processes makes a lot of business sense. Most businesses and large companies are outsourcing their accounting processes for better management of their finances and time etc.

Finance and Accounting (F&A) solutions that are broad-reaching. We offer technology-enabled, online, innovative best practice solutions, our services integrate and manage the full Finance & Accounting footprint including transaction processing, record-to-report, performance management/decision support processes, capital platform management and check processing services provide you with great deal of service information with low cost.

A Accounting Cycle

The accounting cycle is a series of activities that compiles an organization's transactions at the end of a reporting period in order to prepare important financial statements.

B Accounting System Setup

An accounting system for a company should function as the foundation of an accounting system that the business will use during future years and the system needs to be setup in a manner that does not require redo as the company grows. We design accounting systems so as to capture all financial aspect of every transaction so as to enable generate all the reports essential for the various stakeholders of business.

The various aspects of designing an accounting system and setup are :
  • Accounting Method
  • Setup "Chart of Accounts"
  • Design Robust Accounting Systems
  • Data Storage
  • Reporting
  • Internal Controls
  • Accuracy
  • MIS Reports
C Small businesses report their top accounting challenges are
  • Accounts receivable/collections
  • Cash flow
  • Managing paperwork
  • Closing the books each month
  • Managing payroll
D Major Pain Points of CFOs of Companies
  • Lack of well-defined Processes
  • Lack of Documentation
  • Last minute Compliance Filing being done without review
  • Delay in getting customised reports
  • Accounting not providing clarity and information to aid decision making
  • Deep Understanding of Accounting Basics
  • Having Qualified Professionals and highly trained Staff
  • Best Practices
  • Providing Reports and Business Metrics (KPI's) that focus the leadership team on growth of the business. Best in industry class reports
  • Focussed Workflows to keep responsibilities clear and the team on track
  • State of the Art Infrastructure
  • Use of Latest Tools and Technologies
  • Data Security
  • Affordable Pricing Structure and Major Cost Savings
To see how Ledger can help you in , get in touch with us at or call us at 080-41692691 or Click here
F How we work

Work can happen completely at our place or completely at Clients place or a mixed model where some of our resources work from Clients place and some from our Place depending upon work and clients need and requirement.

We also provide trained accounting resources deployment at client's workplace on a time and material basis with adequate, appropriate qualification and experience in line with client's needs thereby eliminating the fear and worry of disruption in the accounting & finance activity in case of absence or leave of the company's employee.

Most of our Clients have opted for outsourcing of complete F&A function which includes all services mentioned above except some core processes like Treasury, banking etc. In such a scenario, the bandwidth of CFO gets released to a greater extent and he can focus on the business growth of company.

We also undertake specific requirements for Companies which just want to outsource a particular part of F&A function i.e. Statutory Compliance, Payroll processing, Accounts payable processing etc.

Get In Touch

You may contact us by filling in this form any time you need professional support or have any questions. You can also fill in the form to leave your comments or feedback.

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