Section 8 Company Registration is needed for a charitable purpose. This form of business registration is not for getting profit. Hence, it is a non-profit business registration which can be quite easy with walk2register.
This form of incorporation is quite similar to trust & NGO Registration. However, NGO registration is an offline process. Section 8 Company Registration is very helpful for promoting arts, commerce, science, education, research, social welfare, religion, a charity for environment protection.
If you have set up your mind to start your NGO then this article will help you to get registered it through Section 8 Company Registration online at an affordable cost. Here, you will also get an idea of what do you need to have before going for NGO Registration.
Section 8 The company has to comply with annual compliance like other companies, in case of non-compliance, the company will be treated as a passive company and can be removed from the register.
First, obtain the Digital Signature Certificate (DSC) of all directors and promoters of the company, if they do not have the same. An application for obtaining DSC is made to the certified authority.
Secondly, obtaining a Directors Identification Number (DIN) for all directors in the company.
For name approval, an application will be filed in Form INC-1 to the Registrar of Companies. A maximum of six names can be provided by the applicant for name approval. Accepted name is valid for 60 days. Section 8 It is necessary for a company to include words such as Foundation, Association, Forum, Council, Chamber etc. as per incorporation rules 2014 of the company.
After the name approval, the next step is to draft the MOA and AOA and then it is required to file it in ROC in Form 12 along with other documents for license under Section 8 of the Companies Act 8, 2013. The MOA and AOA must be signed. By the members of the memorandum.
Form INC 12 has been filed with the ROC for issuing a license to a Section 8 company under the Companies Act, 2013.
For the purpose of appointment of directors it is necessary to file DIR 12 with the following attachment:
Notify consent dir 2 to act as director.
After satisfying the forms filed with the ROC, the registrar will issue a certificate of incorporation with a unique company identification number.
If the company fails to comply with the provisions of this section, the company shall be punishable with a fine which shall not be less than one million rupees, but which may be increased to one crore rupees and in default the directors and officers. Will be punishable Imprisonment for a term which may carry a sentence of three years or fine which shall not be less than twenty five thousand rupees and which may be increased to twenty five lakh rupees or both.