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NGO & Section 8 Registration in Delhi

Narendra Kumar

| Updated: Sep 25, 2017 | Category: NGO, Section 8 Company

NGO

An NGO is a not-for-profit organization or the voluntary citizen’s group working to social causes & various interests. NGOs perform the variety of services, humanitarian efforts for the different sections of the society & take grievances from citizens to the government.

Procedure for NGO Company Registration

Step 1- obtain DIN DSC

Step 2- Verificstion& name Approval of the same

Step 3- Apply for the license and COI

Step 4- NGO registration is completed

Documents Required for Section 8 Company for Section 8 Company Registration

  • Digital Signature Certificate (if you already have it)
  • Director Identification Number (if you already have it)
  • Memorandum of Association
  • Articles of Association
  • ID proof for members: (Aadhar Card, Passport, Voter ID)
  • Passport size Photographs
  • Director’s details (if Members are other Companies/LLPs)
  • Address Proof

Detailed steps:

  1. Application of DSC & DPIN
  2. Name approval
  3. Approval of other authorities
  4. Obtaining Section 8 Company Licence
  5. MOA & AOA submission
  6. Get Company incorporation certificate
  7. Apply for PAN, TAN and Bank account

Eligibility

  • Object must be Charitable or to promote arts, science, commerce etc
  • Intends to apply all its profit in promoting the objectives
  • Assures the prohibiting of the payment of dividends to any of its members

Advantages

  • No Minimum Share Capital Requirement
  • Easy Transfer of Ownership
  • Tax Benefits
  • No need to use “Section 8” or “Limited” title
  • No Stamp Duty
  • Clear Objectives for easy donations and loans
  • Easy to Manage
  • Exemptions and Privileges under Companies Act, 2013
  • Relaxation in Compliances

Concerns Related to Section 8 Company

  • Profit or income of the Section 8 Company cannot be used for any object other than those mentioned in its MOA.
  • Distribution of profits or declaration of a dividend to its members is prohibited.
  • No member can be appointed as an office of the company with any remuneration.
  • Its income is taxed at the similar rates as another company.
  • A Section 8 Company cannot alter the provisions of its MOA and AOA except with the previous approval of the Central Government.
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