Section 8 Company Registration
Section 8 Company Registration Online
A Section 8 company under the Companies Act, 2013 or a Section 25 Company according to the Companies Act,1956, is an organization registered to promote the science, fine arts, literature, or know-how sharing for a determined matter or charity. These are limited companies as per the Companies Act. The Government endows these companies with a proper license under Section 8 Companies Act 2013. There are three primary conditions for granting the license.
- The Company should generate for charitable purposes.
- Profits and income must be employed towards these objects.
- The Company must not pay any dividend to its members.
Why section 8 ngo registration- Advantages?
The following are the benefits of integrating a Section 8 company over other modes of NGO registration.
- It has accurate operations and outstanding flexibility.
- Prevents complicated registration procedure and no physical presence needed.
- No prerequisite of a minimum paid-up capital.
- Flawless procurement of tax advantages under sections 80G and 12AA of the Income Tax Act.
- Any partnership company can be a member in its capacity and get a Directorship.
Criteria for section 8 company registration online
For section 8 ngo registration, the subsequent measures should be followed:
- Handled by: Companies Act, 2013.
- Members: Minimum of 2 Shareholders/Directors.
- Important Documents: AoA, MoA, and financial statements.
- Board: Directors.
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Property management: The property of every company must be authorised in its name.
These can be vented in compliance with the provisions stated in the Companies Act 2013. The Act articulates the sale with the preceding consent of the Company Board of Directors, granted by passing a resolution.
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Shutting down or winding up: The funds and property of the society, during its termination(according to the society by-laws) and settlement of every liability and debt, might not be uniformly distributed among the company members.
Rather, the same can be distributed to some other company with the same objects.
- Yearly compliance: The Company should ensure its yearly compliance while filing its annual returns and accounts with the RoC.
Essential Documents for section 8 company registration online
- DIN and DSC of the Directors.
- Motives and planned work of the Company.
- Financial statements such as liabilities and assets, the outcrop for five years, etc.
- Directors personal documents.
- Registered office address documents, namely sale deed or rental agreement in the Company's name, utility bills not older than two months.
Section 8 ngo registration online-An In-Depth procedure
There are three main steps required for forming a section 8 company besides collecting, preparing, and drafting the documents. These are as under:
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Run Consent
- Reserve Unique Name (RUN) is a form for reserving a name for a novel company or for changing its current name. This aspect is the first step of incorporating a section 8 ngo registration online.
- A section 8 company will generally have words such as Society, Federation, Club, Charities, Council, Academy, Institute, Organisation, Foundation, Chamber of Commerce, Federation, Development, Association, etc.
- The name, when approved will be valid for 20 days.
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RD 1 License
- This step is the most significant in the process of section 8 ngo registration online.
- The name approval will be valid during the time of application for the RD 1 License.
- RD 1 license is a license granted under section 8 of companies act as they work on a particular objective which is for the upscale of commerce, science, arts, environment, etc., and the profit they earn will be used towards their goals. All important documents, such as the AoA, MoA, financial statements, and other declarations, are filed at this phase.
- The license approved will be valid for 30 days.
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Spice Form
- Both the license and the name will be valid at the time of completing the SPICe form.
- This is the last stage of integrating the section 8 ngo registration online, where the documents applicable to the registered office, such as the utility bills and rental agreements, are filed along with the name approval certificate and RD-1 license.
FAQ's
Few doubts important to be resolved quickly
1. How many people are needed for section 8 company registration?
2. What are the requisites to be a Director?
3. Is an office needed for beginning a Section 8 Company?
4. Do I have to be there in person to slip in a Section 8 Company?
5. What are the documents needed for registration?
6. How long will it take to integrate a Company?
7. How long is the registration of the Company suitable?
8. What is a Digital Signature Certificate?
9. What is the Director Identification Number?
10. Can Foreign Nationals/NRIs be a Director in a Section 8 Company?
Packages For SECTION-8 (NGO) COMPANY REGISTRATION
GOLD
- Registration within a week
- Authorised Capital upto 15 lakhs
- 2 DIN & 2 DSC
- Certificate of Incorporation e-copy
- MOA, AOA Pan, Tan, e-copy
- Licence u/s Section-8
- GST Registration
- MSME Certificate
- ISO Certification
- Professional Website
- 1 year Domain & Hosting
- Basic On-Page SEO
- Google Analytics & Web mails
- Commencement Certificate
- Trademark Registration
- Auditor Appointment
- ITRs of All Directors & Company
- Audit & Annual Compliances
PLATINUM
- Registration within a week
- Authorised Capital upto 15 lakhs
- 2 DIN & 2 DSC
- Certificate of Incorporation e-copy
- MOA, AOA Pan, Tan, e-copy
- Licence u/s Section-9
- GST Registration
- MSME Certificate
- ISO Certification
- Professional Website
- 1 year Domain & Hosting
- Basic On-Page SEO
- Google Analytics & Web mails
- Commencement Certificate
- Trademark Registration
- Auditor Appointment
- ITRs of All Directors & Company
- Audit & Annual Compliances
DIAMOND
- Registration within a week
- Authorised Capital upto 15 lakhs
- 2 DIN & 2 DSC
- Certificate of Incorporation e-copy
- MOA, AOA Pan, Tan, e-copy
- Licence u/s Section-10
- GST Registration
- MSME Certificate
- ISO Certification
- Professional Website
- 1 year Domain & Hosting
- Basic On-Page SEO
- Google Analytics & Web mails
- Commencement Certificate
- Trademark Registration
- Auditor Appointment
- ITRs of All Directors & Company
- Audit & Annual Compliances