section 8 company registration process
Simplified Guide to Registering a Company under Section 8 in India
Introduction
Registering a company under Section 8 of the Indian Companies Act, 2013 is a preferred choice for organizations engaged in charitable or non-profit activities. Often referred to as section 8 companies, these entities function with the primary objective of promoting social welfare, science, art, education, research, religion, charity, or any other noble cause. In this article, we will navigate through the step-by-step process of company registration under Section 8, highlighting the prerequisites, documentation, and procedure involved for the Indian audience.
Step 1: Obtain Digital Signature Certificates (DSC)
The first step in the company registration process is to acquire Digital Signature Certificates (DSC). DSC ensures the authenticity and security of electronic documents filed with the Registrar of Companies (RoC). It is mandatory for all the proposed directors and subscribers of the section 8 company to obtain their DSC from a government-certified agency.
Step 2: Apply for Director Identification Number (DIN)
Every director of the company must have a unique Director Identification Number (DIN). To obtain DIN, one needs to file an online application with the Ministry of Corporate Affairs (MCA) along with the required documents like identity and address proof, photographs, and self-attested PAN (Permanent Account Number) card.
Step 3: Name Approval and Reservation
Choosing a suitable name for the section 8 company is crucial. The name should reflect the company’s objectives and must be unique and not resemble any existing companies or trademarks. Once the name is finalized, an application for name reservation is filed with the RoC through the prescribed form, mentioning at least two alternative names. After due verification, if the name adheres to the guidelines, it will be reserved for a period of 20 days.
Step 4: Drafting Memorandum and Articles of Association (MoA and AoA)
The next step involves drafting the MoA and AoA, which serve as crucial documents defining the structure, objectives, rules, and regulations of the section 8 company. The MoA specifies the activities to be carried out, while the AoA outlines the company’s internal governance, including roles, responsibilities, and decision-making processes. These documents must be carefully prepared in compliance with the provisions of the Companies Act.
Step 5: Application Submission and Fees Payment
Once the prior steps are completed, the duly filled-in application for section 8 company registration, along with the necessary documents and prescribed fees, is submitted to the respective RoC. The application should include a cover letter stating the reason for seeking registration as a section 8 company and the objectives it aims to achieve. It is important to note that the application must be submitted within 60 days from the date of name approval.
Step 6: RoC Approval and Incorporation Certificate
After receiving the application, the RoC examines the documents, ensuring they comply with the company registration provisions. If all requirements are met, the RoC issues the Certificate of Incorporation, declaring the company’s official existence under Section 8. The Certificate of Incorporation bears a unique Corporate Identification Number (CIN), which officially registers the company as a section 8 entity.
Step 7: Obtain Tax Registrations and Licenses
Upon receiving the Certificate of Incorporation, the section 8 company must register for various tax compliances, including Goods and Services Tax (GST) registration, Employer Identification Number (EIN) registration, and other applicable taxes, as per the nature of its activities. It is important to adhere to all taxation regulations to ensure smooth functioning and compliance.
Step 8: Post-Incorporation Compliances
Post-incorporation, the newly registered section 8 company should focus on fulfilling ongoing compliance requirements such as mandatory filings, annual or quarterly statements, Board meetings, maintaining books of accounts, etc. Non-compliance with these requirements may attract penalties or even loss of section 8 company status.
Conclusion
Registering a company under Section 8 of the Indian Companies Act, 2013 provides a legal framework for entities dedicated to societal welfare. By following the step-by-step process mentioned above, Indian organizations can successfully establish themselves as section 8 companies. It is essential to fulfill all necessary legal obligations and maintain compliance throughout the company’s lifecycle to contribute effectively to social causes and make a positive impact on Indian society.,
section-8-company-registration-process
For more information and knowledge, read our article:
https://qwikfilings.com/section-8-company-registration/
https://qwikfilings.com/company-registration/
registered office, psc register, it company, inc full form, company master data, private limited company, angel investors, top companies in india, fintech companies, company registration, cin, top 10 companies in india, one person company, pvt ltd company registration, pvt ltd company, private limited company registration, incorporation of company, 1000 company names, company registration in india, company registration india, company name registration, online company registration, company registration, pvt ltd company registration, private limited company registration, company registration in india, company registration process, check company registration, online company registration, company registration in hyderabad, company name registration, online company registration in india, one person company registration, section 8 company registration, company registration number, company registration in delhi, company registration certificate, fees for registration of private limited company, company registration fees in india, pvt ltd company registration fees, company registration cost in india, company registration fees, nidhi company registration, new company registration,
section 8 company registration process
For more information and to apply for this service, please visit our partner page:
https://financebaazar.com/company-registration/
https://qwikfilings.com/company-registration/
https://indiacomply.com/company-registration/
https://companybazaar.com/company-registration/
section 8 company registration process
This article is only published for informational purposes. Please consult your Chartered Accountant or Financial Advisor before making any important financial decisions.
The images displayed here have been generated using openai chatgpt or google gemini or microsoft bing copilot or google bard or other artificial intelligence ai tools and plugins and scripts and websites and applications. You may download and use these images for your personal projects at your own discretion.
https://www.mca.gov.in/content/mca/global/en/home.html
QwikFilings.com is a reputed online portal for Indian SMEs to register, grow and manage their business ventures in India. We are a group of professionals working for startups. QwikFilings.com has been founded by expert Chartered Accountants and Advocates who have a rich experience of working with startups. QwikFilings.com provides all kinds of legal & professional services such as company registration, LLP registration, trademark search and trademark registration, copyright registration, patent application, income tax return ITR filing, GST Registration and GST Filing, ISO, FSSAI, IEC and many more services. Qwikfilings.com is registered with Startup India, DPIIT Certificate of Recognition. Please visit our website to learn more www.qwikfilings.com
