There may be 3-4 forms of a Charitable Organization in India and such organization can be formed/registered as trusts, societies, or as a non-profit company(NGO Company) incorporated under Section 8 of the Companies Act, 2013.
A Section 8 Company Incorporation is similar to a Trust or Society or Ngo Registration; but a Section 8 Company is registered under the Central Government's Ministry of Corporate Affairs. Whereas Trusts and Societies are registered under State Government regulations.
A Non-profit making Company is a Company which:
Advantage of Section 8 Company Incorporation:
10-20 days (Subject to ROC Response) after receipt of all the necessary Documents, The breakup of the Number of days is as follows
|Taking Digital Signature of Directors||1-2 Day|
|Taking Directors Identification Number (DIN)||1 Day|
|Reservation of the name of the Company||0-3 Days|
|Application For License||1-5 days|
|Preparation of other documents such as MOA,AOA, Forms etc||0-1 Days|
|Filling of documents with Authorities||0-1 Day|
|Getting Final Certificate of Incorporation||3-7 Days|
|Total Number of Days||10-20 Days|
DOCUMENTS REQUIRED FOR NGO REGISTRATION :
INFORMATION REQUIRED WITH REGARD TO THE SECTION 8 COMPANY REGISTRATION :
Company Detail :
WHAT YOU GET after Section 8 Company Incorporation :
Q. What is Section 8 Company?
Q. What are The Benefits or advantages to work as a Section 8 Company or NGO?
Answer: Many privileges and exemptions are available to section 8 company under Company Law.
Q. What is the Procedure to incorporate a Section 8 company?
Answer: The Procedure to incorporate Section 8 Company is very Similar as in case of Private Limited Company except the difference that after name approval the requirement of applying for License under Section 8 of the Companies Act 2013 is also required.
Q. What is the Time Frame for Section 8 or NGO Company Incorporation?
Answer: The Minimum Time Taken To Incorporate a Section 8 Company is 20-30 days.
Q. What are the Charges for Incorporating a Section 8 Company?
Answer:Fees for the incorporation decide on company capital, state and total number of directors.
Q. How many Persons are required to incorporate a Section 8 company?
Q. What is the difference between Directors and shareholders?
Q. What is DIN?
Director Identification Number (DIN) is a unique identification number for an existing director or a person intending to become the director of a company.
Q. What is DSC?
Answer: Digital Signature Certificates (DSC) are the digital equivalent (that is electronic format) of physical or paper certificates. Certificates serve as proof of identity of an individual for a certain purpose. A digital signature certificate can be presented electronically to prove your identity, to access information or services on the Internet or to sign certain documents digitally. Its valid for maximum 2 years.
Q. What is the validity of Certificate of Incorporation Issued by the ROC?
Answer:Once a Certificate of Incorporation is issued by the ROC, it is valid for the lifetime of the company unless it goes for winding up.
Q. Who can form a Section 8 Company?
Q. What Type of Name can Be Applied For Section 8 Company?
Answer: Rule 8(7) pf the Companies Act says that a Section 8 Company must have any of the following names-
The name shall include the words
- Electoral Trust and the like etc.
The name does not include the words “Private Limited” or “Limited”
Q. What is the Eligibility Criteria for Incorporating a Section 8 Company Registration?
The main objects should ensure promotion of
- Social Welfare
- Protection of Environment
- or any such other object
Q. WHAT ARE THE KEY CONDIOTIONS FOR SECTION 8 COMPANY or Online NGO Registration:
Q. What is the Procedure for Obtaining License from Central Government ?
After Successful Reservation of Name with the Registrar the Applicant is required to file Application for License under Section 8 in Form INC-12 with Following Documents
Hard copies of the above application with all the attachments along with 3 copies of MOA and AOA to be forwarded to ROC
IF APPROVED LICENSE ISSUED IN Form INC 16
Employees State Insurance (ESI) is a social insurance and self-financing scheme that protec...
Private Limited Companies is the most common and suitable form of entity for carrying out business in India....
Etiam consectetur pellentesque justo. Sed tristique bibendum elit non molestie. Donec et libero rutrum
I faced many issues with my business which were resolved very easly. All thanks to ezzus india.
My previous Chartered Accountant was charging an unfair amount for filing for my company, I am glad i shifted my all company filing to ezzus india