Section8_Company_with_Nonprofit_objects

Section-8 Company with Non Profit objects

A Section 8 Company is similar to a Trust or Society; expect, a section 8 Company is registered under the Central Government's Ministry of Corporate Affairs. Trusts and Societies are registered under State Government regulations. A section 8 Company has various advantages when compared to Trust or Society like improved recognition and better legal standing. Section 8 company also has higher credibility amongst donors, Government departments and other stakeholders.

Secrion 8 Company often known as NGO. The NGO can be registered for promoting art, science, commerce, Technology, sports, education, social research, social welfare, religion, charity and protection of environment or any such other object, provided the profits, if any, or other income is applied for promoting only the objects of the company and no dividend is paid to its members. Therefore, Section 8 Company or Section 25 Company is a company registered under the Companies Act, 2013 for charitable or not-for-profit purposes.

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Process

Application for name approval
Obtain Digital Signature Certificate.
Obtain license from Central Govt.
Drafting of MOA / AOA, other documents.
Preparation of INC-9, DIR-2, Affidavit and other documents.
Incorporation documents will be filed on MCA Portal
Get Certificate of Incorporation.

Required Documents

Passport size color photograph of each subscribers
Copy of PAN card (Passport in case of NRI) of each subscriber
Copy of address proof of each subscriber ( Bank Statement, telephone bill, electricity bill, mobile bill not older 2 months)
Self attested copy of identity proof of each subscriber (Voters ID, Passport, Driving License, Adhar card)
Address proof for Registered Office of the Company.(any utility bill, rent agreement, NOC from owner)
Digital Signature Certificate (DSC)
Main object of Company
Minutes of the meeting

WMC is the best consultancy services platform in India, offering a various kind of services like to start a business and manage business such as Incorporation of Company, LLP, Registration of Partnership Firm etc. and trademark filing, tax registration, tax filing and GST registration and their filing

WMC can help you to register or Incorporation of Non-Profit Organization (NPO\NGO). The average time taken to draft and file registration or Incorporation of NGO\NPO is about 5 - 10 working days, subject to government processing time and client document submission. Get a free consultation to register or Incorporation of NGO\NPO by scheduling an appointment with a WMC Advisor.