Description

Section 8 Company

In India, Non-Profit organisation(NGO) are registered by three ways-

1. Trust Registration


2. Society Registration


3. Section 8 Company(also called section 25 Company)

The main objective of Section Company for promotion of commerce,art,Science,education,research,social welfare, religion,charity,promotion of environment or any such other objects. Section 8 Company regulated by the Indian Companies Act,2013 and its rules and regulation are made by Ministry of Corporate Affairs.

Procedure for Incorporation of Section 8 Company

After the payment received from you, we will do the following procedure…

• Apply for DSC (Digital Signature Certificate) for all directors.(1- Day)


• Apply for Director Identification Number (DIN). (1- Day)


• Apply for the Company Name ( 1- Day)


• Document preparation (DIR-2, INC-9, MOA, AOA, and NOC) by us for the Incorporation and send you for Sign. ( 1- Day)


• Received Document from you and Filing of e-forms with ROC (Registrar of Companies) and Payment of ROC Fees & Stamp Duty. ( 1- Day)


• Verification of documents / forms by ROC and Issue of Certificate of Incorporation by ROC (4- day)


• Sending you company Certificate Kit

Advantage Section 8 Company

• A Section 8 Company can be formed by two members only, by Company Act 2013.


• It is the registered as separate legal entity, means having its own rights and obligations.


• Section 8 Company is limited liability,means members/partners are not affected,
  
  members are only liable for unpaid shares.


• Biggest advantages of Section 8 Company is NO minimum share capital requirement.


• As name suggest,Section 8 Company is a NGO, so life of company doesn’t depends upon the life of its members.There will be no effect on firm’s continuance.