About Section 8 Company

A non-profit organization is often known as NGO. An NGO can register under Trust Act. Or under Section 8 companies act, 2013 (earlier Section 25 of Companies Act 1956). The NGO can be registered for promoting art, science, commerce, Technology, sports, education, social research, social welfare, religion, charity and protection of environment etc.

A Section 8 Company has similar features to a Trust or Society expect, a section 8 Company is registered with the Ministry of Corporate Affairs. NGO/Trusts and Societies are registered under the State laws. Section- 8 Company is recommended for the big operation sizes like for opening of the university, College, School, research center, Sports Academy and technical college etc.

Benefits of Section-8 NGO

 

 

Procedure For Section 8 Company Formation

1

Obtaining DSC & DIN

For registering a Company or NGO with central Government Digital Signature Certificate (DSC) and Director Identification Number (DIN) is required for all directors. DIN & DSC usually take 3-5 working days.

2

Name Approval

After DIN & DSC, we will file an application for reservation of a name for section 8 company before the ministry of corporate affairs. Usually, it takes 3-5 working days.

3

License from Regional Director, MCA (INC-12)

After Name approval, we will apply for Section 8 license from Regional director, the regional director will review the objectives, plans and will grant a license for Section 8 Company. RD usually takes 15 days to issue a license to operate as a section 8 company.

4

Filing of Incorporation Forms on MCA Portal

After approval from the regional director, we will proceed to filing of final incorporation documents before ROC. Once all clarifications are provided to ROC, the ROC shall issue a Certificate of Incorporation along with a Company Identification Number (CIN).

 

Documents required

From All Directors and Memberd.

For Proposed Registered office (Residential or commercial)

Compare Your Options

Particular Section 8 Trust Society
Statute/Legislation Indian Companies Act, 2013 Relevant State Act. Societies Act. 1860
Fundraising for charity High Low Medium
Credibility in Public High Low Medium
Registration Document Memorandum and articles of association. and regulations Trust deed Memorandum of association and rules and regulations
Operations Pan India State level Pan India
Members Required 3 2 7
Board of Management Board of directors/ Managing committee Trustees / Board of Trustees Governing body or council/managing or executive committee
Income Tax No No No
Growth High Low Medium

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