NGO Registration
A section 8 company refers to a non-profit organization that can be legally formed in India according to the Companies Act 2013. These companies have the primary goal of advancing social welfare and supporting charitable causes. Any profits generated by these organizations are directed towards fulfilling their objectives. To register as a section 8 company, certain criteria must be met, such as having a minimum of two directors, and the company cannot distribute dividends to its members.
₹15199excl. GST
Section 8 registration procedure with company act, 2013
The registration process for a section 8 company in India, as per the Companies Act 2013, involves a strict and detailed procedure. The first step is obtaining Digital Signature Certificates (DSC) and Director Identification Numbers (DIN) for the directors of the company. Following this, an application must be submitted to the Registrar of Companies (ROC) along with the necessary documents, including a Memorandum of Association (MOA) and Articles of Association (AOA).
Upon verification of the application and accompanying documents, the ROC will grant a Certificate of Incorporation to the company. This certificate confirms the company's legal status, allowing it to commence operations. However, it is important to note that section 8 companies are not permitted to use "Private Limited" or "Limited" in their name. Furthermore, they must adhere to various regulations and reporting requirements.
Frequently Asked Questions (FAQs) about Section 8 Company Registration:
1. What is a Section 8 Company?
A Section 8 Company, also known as a Not-for-Profit Company, is a non-profit organization registered under the Companies Act 2013 in India. Its primary objective is to promote social welfare and charitable causes.
2. What are the benefits of registering a Section 8 Company?
Section 8 Companies enjoy benefits such as tax exemptions, limited liability, and separate legal identities. They can also avail foreign funding and corporate social responsibility (CSR) contributions.
3. What is the minimum capital requirement for registering a Section 8 Company?
Unlike other companies, there is no minimum capital requirement for registering a Section 8 Company. However, the company must ensure sufficient capital to fulfill its objectives.
4. Can a Section 8 Company earn profits?
Yes, a Section 8 Company can generate profits. However, these profits must be utilized for promoting the company's objectives and cannot be distributed as dividends to its members.
5. What is the difference between a Section 8 Company and a Trust or Society?
The main distinction between a Section 8 Company and a Trust or Society is their registration under different acts. Section 8 Companies are registered under the Companies Act 2013, while Trusts and Societies are registered under the Indian Trusts Act 1882 or the Societies Registration Act 1860. Section 8 Companies have more stringent regulations and reporting requirements compared to Trusts and Societies.
Need Section 8 Company Registration service?
If you require Section 8 Company Registration services in India, consider engaging professional assistance. They can guide you through the entire process, including documentation, compliance requirements, and filing. Benefit from their expertise to ensure a smooth and efficient registration of your Section 8 Company Registration, saving you time and effort.
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