SWARIT ADVISORS PVT LTD
SECTION 8 COMPANY All About Section 8 Company
What is Section 8 Company? A non-profit organization can be registered as a trust or a society and also as NPO Company under Section 8 of Companies Act, 2013. Section 8 Company has more benefits in comparison to trust and society. Section 8 Company is registered for the charitable
purpose or for not for profit business. This type of Company has more credibility among donors, government departments and other stakeholders. NGO Registration is an offline process except the Section 8 Company Registration.
Purposes of Section 8 Company
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3 Swarit Advisors Pvt Ltd
Last Year's Results
This Year's Results
Its Registration is governed by the Ministry of Corporate Affairs whereas the Trust & Society Registration is
For Section 8 Company, it is not required to use words 'LTD' or 'PVT LTD' in their name. With effect from June
governed by Registrar of state under the State Government.
5, 2015, under the Act, there is no such requirement regarding the minimum capital.
SWARIT ADVISORS
DOCUMENTS REQUIRED FOR SECTION 8 COMPANY REGISTRATION • Identity proof of all the Directors - copy of PAN card (mandatory). • Address proof – copy of Aadhaar/ Driving License/ Passport/ Telephone Bill/ Electricity
• Passport size photograph of all the Directors.
• Rent Agreement in case the Registered Office of the Company is on rent. • Utility Bill of the Registered Office. • Form DIR-2 which is consent to act as a Director.Director's interest in other entities.
Section 8 Company Registration
Bill.
DIN
First, obtain the Digital Signature
Obtain the Directors Identification
Certificate (DSC) of all the
Number (DIN) for all the Directors
Directors and Promoters of the
in the Company.
Company in case they don't have the same
Name Approval
Draft MOA & AOA
For name approval, an Application
After name approval, the next step
will be filed in Form INC-1 to the
is to draft MOA & AOA and now
Registrar of the Company.
the time comes to file it to ROC in Form INC 12
PROCEDURE FOR SECTION 8 COMPANY
DSC
Application for License
WITH THE FOLLOWING ATTACHMENTS: INC 13 (Memorandum of Association).Article of Association. INC 15 (Declaration by subscribers of the MOA). Statement of Income & Expenditure. List of Directors of the Company. Subscriber page of MOA & AOA should be handwritten by subscriber and witness.After approval of the Form, the License is issued in Form INC 16.
Section 8 Company Registration
Incorporation Application • • • • • • • • • • •
Memorandum of Association. Article of Association. Declaration by professional in Form INC 8. Affidavit by each subscriber of the Memorandum in Form INC 9. Address proof of the subscribers. Identity proof of subscribers. Specimen signature in Form INC 10. PAN card. NOC, if there is any change in the name of Promoters after name approval. Board Resolution authorizing to subscribe to MOA. Any other attachments, if any.
Form INC 22 is to be filed for the situation of the Registered Office of the Company along with the following attachments: • Rent Agreement/ Lease Deed. • Electricity Bill of not older than 2 months. • NOC on the letterhead of the Promoter for using the premises.
Swarit Advisors Pvt Ltd
APPOINTMENT OF DIRECTORS For the purpose of appointment of
Directors, Form DIR 12 is required to be filed with the following attachment:
Certificate of Incorporation
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75
After satisfying with the Forms filed with ROC, the Registrar shall issue the Certificate of Incorporation along with the unique Company Identification Number.
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PENALTY PROVISIONS In case Company makes any default in complying with the provisions of this section, the Company shall be punishable with the fine which shall not be less than ten lakh rupees but which can be extended
to
rupees
one
crore.
Moreover,
the
Directors and Officer in default shall be punishable with the imprisonment for a term which may extend to three years or fine which shall not be less than
twenty-five thousand rupees and can be extended to twenty-five lakh rupees or both.
Contact US
We'd love to hear from you!
ADDRESS Block H Plot No. 55, Ground Floor, Sector 63 , Noida, UP
PHONE +91-9821399320
EMAIL ho@swaritadvisors.com