A NGO company can be established for the advancement of trade, art, science, religion, charity, or any other helpful purpose after receiving a section 8 licence from the central government.
According to the Companies Act of 2013, a Section 8 company is a non-profit organisation registered with the goal of promoting science, literature, arts, education, charity, environmental protection, sports, science, research, social welfare, religion, and knowledge sharing for the sake of charity or any other purpose.
The government grants them exclusive registration under Section 8 of the Companies Act of 2013. Section 8 company are non-profit organisatiozs that work for philanthropic purposes. It is a distinct legal entity from its members.
For your convenience, Knapadvisory.com, an online legal portal, offers entrepreneurs and business owners all forms of legal advice. Knapadvisory.com, a top legal adviser, has developed a rapid Online Section 8 Company Registration service that can be completed in three simple steps:
After successfully registering, obtain your Certificate of Incorporation (COI), as well as your PAN and TAN. We guarantee complete customer satisfaction and quick service delivery with a team of certified experts and Chartered Accountants. After receiving clearance from the Ministry of Corporate Affairs, you will receive a Company Incorporation package from KNAP Advisory.
The Ministry of Corporate Affairs governs the company registration process by enforcing specific legal norms and regulations. You only need to supply our experienced team with the necessary documents/details for company registration. Our skilled team will handle the entire company registration process.
Steps for online company registration in India:-
As per Companies Act, 2013 Certain rules and conditions must be completed in order to register a section 8 company in India.
A Unique Name :- Your company's name should be distinctive. The name must not be identical to the name of any existing company or registered trademark. Section 8 company names should include suffixes such as federation, foundation, council, society, club academy, institute, organization, federation charity, and so on.
Two Directors :- Section 8 companies in India must have at least two directors and a maximum of fifteen directors. One of the company's directors must be an Indian.
Minimum capital required :- A section 8 company can be formed with or without share capital and with a minimum capital of â‚¹ 2.
Registered Office :- The registered place of the company can be commercial or residential; it can be owned or rented property. If the property is rented, a NOC is necessary.
Identity and address proofs of potential Directors are essential documents to register a Section 8 company in India. The list of documents acceptable by MCA for online company formation in India is shown below:-
Foreign nationals must have a translated and notarized copy of their passport. Residence documentation, such as utility bills and bank statements, should be no older than two months old. All of the documents listed above must be self-attested.
To be eligible for Online Section 8 Company Registration in India, the company must have registered offices in India, which can be both residential and commercial. You must supply the following documents: -
Yes, you can use the RUN service at the MCA portal to reserve company names online.
The section 8 company must have at least two shareholders/directors. Note: Every company must have at least one director who spends at least 180 days in India during the financial year.
There is no minimum paid-up capital required to register a section 8 company.
No, all processes are online. You have to share required documents and details for company registration process.
With the assistance of Knap Advisory, you may obtain business approval in as little as 5 days from the date of name approval.
It is totally dependent on the scale of business. Get connected to our expert team 93119-72982 or 95994-06069.
Yes, a foreigner or NRI can become a director of a section 8 corporation. They must obtain DIN from Indian ROC.
Yes, you can register your business with a home address. You must submit a NOC.
Yes, under the Companies Act of 2013, you can appoint a family member as a director or partner
Anyone above the age of 18 can become a company's director.
Yes, you can be a director as well as a shareholder in your firm.
There are three factors considered while applying for a company name—
● Name should not be matched with the existing one.
● Name should not be registered as a trademark.
● It should not be prohibited under Emblems and Names act.
A maximum of 15 directors can be selected as directors. In an exception, you can appoint more than 15 directors if 3/4 of the shareholders agree.
Directors Identification Number (DIN) is a unique 8-digit number assigned by the central government to the directors of the companies.
Digital Signature Certificates (DSC) are a computerized format of one's identity to access services or information and to sign documents digitally.
Maximum amount of shares a company can issue. It is advised not to keep needless high authorised capital in your company as it can be changed in future.
Company registration is now a straightforward online procedure. Because it is entirely online, there is no need for you to present in person for registration. You can register your business without leaving your house. Knap Advisory offers exceptional support to enterprises in all documentation procedures.
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