Professional section 8 company registration services in India | Registration SEVA
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Registering an NGO as a Section 8 Company is a hassle-free, online, and speedy process. We offer a complete package that includes everything you need for registration, such as DIN, DSC, name approval, MOA, AOA, PAN and TAN numbers and the Section 8 Company Registration Certificate.
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Section 8 Company Registration is the process of registering a non-profit organization in India that is formed for promoting charitable, social, or educational objectives. The primary objective of a Section 8 Company is to serve society through various activities, including poverty alleviation, education, healthcare, environmental sustainability, and other social welfare initiatives. Section 8 Companies have a separate legal identity, and their liabilities are limited to their assets. They can also receive grants and donations from various sources, including individuals, corporations, and government organizations. Furthermore, Section 8 Companies are entitled to certain tax exemptions under the Income Tax Act, which makes it easier for them to carry out their social activities.
Section 8 of the Companies Act, 2013 allows non-profit organizations to register as Private or Public Limited companies. These companies are established for specific purposes and must fulfill certain conditions, such as having a minimum number of owners and directors, and meeting requirements related to the company's name, address, and capital. Here's a checklist of everything you need to know about registering a Section 8 Company.
Directors
The company must have a minimum of two directors, one of whom must be an Indian citizen and resident of India. Each director must have a Director Identification Number (DIN).
Shareholders
The company must have a minimum of two shareholders, who can also be the same persons as the directors.
Digital Signature Certificate (DSC)
The company must obtain DSCs for all directors and shareholders to sign the documents digitally.
Director Identification Number (DIN)
All directors must obtain a DIN from the Ministry of Corporate Affairs (MCA).
Registered Office
The company must have a registered office address in India, which must be verified by submitting proof of address.
Name Approval
The company must apply for name approval by submitting up to six unique names to the Registrar of Companies (ROC) for approval.
Memorandum of Association (MOA) and Articles of Association (AOA)
The company must draft a MOA and AOA, defining the objectives and rules governing the company's operations.
License from Central Government
The company must obtain a license from the Central Government under Section 8 of the Companies Act, 2013.
PAN and TAN
The company must apply for a Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN).
Section 8 Company Registration Certificate
After the registration process is complete, the company will receive a Section 8 Company Registration Certificate from the Registrar of Companies.
It is important to note that additional documents or information may be required during the registration process, depending on the specific circumstances of the company.
Section 8 Company Registration in India offers several benefits to non-profit organizations looking to establish themselves as a legal entity. Registered Section 8 companies enjoy tax exemptions, limited liability protection, access to funding, and more. These benefits can help non-profits operate more efficiently and make a greater impact in their chosen field. Here are some of the key benefits of Section 8 Company Registration
Tax Exemption
Section 8 companies are eligible for tax exemption under various sections of the Income Tax Act, 1961. This can help them save a considerable amount of money and reinvest it into their mission.
Limited Liability Protection
Section 8 companies have the benefit of limited liability, just like other companies. This means that the owners' personal assets are protected in case the company faces financial difficulties or legal issues.
Access to Funding
Section 8 companies can receive funding from various sources, including government bodies, private investors, and other organizations. This can help them expand their operations and make a greater impact.
Credibility and Trustworthiness
Section 8 companies are viewed as reliable and trustworthy by donors, volunteers, and other stakeholders. This can help attract more support and resources for the organization.
Perpetual Existence
Section 8 companies have perpetual existence, which means they can continue to exist even if the owners or director’s change. This provides stability and ensures the continuity of the organization's mission.
In summary, registering as a Section 8 Company can provide non-profits with various benefits that can help them achieve their goals and make a positive impact in society.
PAN card and address proof of all directors.
Digital Signature Certificate (DSC)
Director Identification Number (DIN)
Memorandum of Association (MOA)
Articles of Association (AOA)
Proof of registered office address
NOC from the owner of the registered office address
Affidavit and declaration by the first directors and subscribers
Estimated financial statements for the next three years
Name availability and approval certificate
List of promoters and directors with their respective addresses and occupations
Bank statement of promoters
Consent letters from proposed directors and shareholders
Power of Attorney, if applicable.
Ensuring that all the necessary documents and information are in order can help streamline the registration process and make it smoother.
The registration process for a Section 8 Company in India is a multi-step process that involves several requirements and documents. Here is a detailed guide on the registration process for a Section 8 Company
Step 1: Obtain Digital Signature Certificate (DSC)
The first step in the registration process is to obtain a Digital Signature Certificate (DSC) for all the proposed directors of the company. A DSC is a digital version of a signature that is used to sign and authenticate electronic documents.
Step 2: Obtain Director Identification Number (DIN)
The next step is to obtain a Director Identification Number (DIN) for all the proposed directors of the company. A DIN is a unique identification number that is issued by the Ministry of Corporate Affairs.
Step 3: Apply for Name Approval
The proposed name of the company must be approved by the Registrar of Companies (ROC). The name of the company must be unique and should not resemble the name of any other existing company. The name can be reserved through the RUN (Reserve Unique Name) facility on the MCA portal.
Step 4: Draft Memorandum of Association (MOA) and Articles of Association (AOA)
The MOA and AOA are the two key documents that define the objectives, rules, and regulations of the company. The MOA must specify the main objectives of the company, while the AOA must outline the rules and regulations governing the internal management of the company.
Step 5: File for Incorporation
Once the name is approved and the MOA and AOA are drafted, the company can file an application for incorporation on the MCA portal. Along with the application, the company must submit various documents, such as the MOA, AOA, address proof, and other legal documents.
Step 6: Obtain Certificate of Incorporation
After the Registrar of Companies (ROC) reviews the application and is satisfied with all the documents and information provided, they will issue a Certificate of Incorporation (COI). This certificate serves as proof that the company is now a legal entity and can start operations.
Step 7: Apply for PAN and TAN
After the company receives its COI, it must apply for a Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN) from the Income Tax Department.
By following these steps and providing all the necessary documents and information, a non-profit organization can successfully register as a Section 8 Company in India.
After the successful registration of a Section 8 Company, there are certain post-registration compliances that must be followed to ensure its smooth functioning and compliance with the law. The following are some of the important compliances that a Section 8 Company must adhere to
PAN and TAN Application
Once the Section 8 Company is registered, it must apply for Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN) with the Income Tax Department.
Bank Account
A bank account must be opened in the name of the Section 8 Company, and all the transactions related to the company must be done through this account.
Annual General Meeting (AGM)
The Section 8 Company must hold its first AGM within 18 months of its incorporation, and subsequently, it must hold an AGM every year. The AGM must be held within 6 months from the end of the financial year.
Income Tax Return
The Section 8 Company must file its income tax return on or before the due date. The due date for filing the income tax return for a Section 8 Company is usually 30th September of every year.
Audited Financial Statements
The Section 8 Company must maintain proper books of accounts and prepare its financial statements on an annual basis. The financial statements must be audited by a qualified Chartered Accountant and submitted to the Registrar of Companies.
Annual Return
The Section 8 Company must file its annual return with the Registrar of Companies within 60 days from the date of holding the AGM. The annual return contains information such as the details of the directors, shareholders, auditors, etc.
Statutory Registers
The Section 8 Company must maintain various statutory registers such as the Register of Members, Register of Directors, Register of Charges, etc. These registers must be updated regularly and made available for inspection to the concerned authorities.
It is important for a Section 8 Company to adhere to these post-registration compliances to avoid any penalties or legal consequences.
At Registrationseva.com, we specialize in providing hassle-free Section 8 Company Registration services to help you set up your non-profit organization quickly and efficiently. Our team of experts will guide you through the entire registration process, ensuring that all legal requirements are met, and all necessary documents are submitted. With our services, you can rest assured that your Section 8 Company will be registered in compliance with all the regulations and guidelines, so you can focus on achieving your non-profit objectives. Contact us today to learn more about our services and how we can help you get started on your non-profit journey.
Here are some frequently asked questions (FAQs) related to Section 8 Company Registration
In conclusion, registering a Section 8 Company can provide numerous benefits for those looking to promote social welfare, science, arts, charity, religion, education, or any other useful purpose. With the help of Registrationseva.com, the registration process can be made easier and more efficient, allowing individuals and organizations to focus on their core objectives. Don't hesitate to contact us for any assistance with Section 8 Company Registration.