How to Register Section 8 Company | Process | Documents |Benefits | Step by step guide - Corpbiz

Overview
An NGO can be listed as a Section 8 company following the Companies Act 2013 or as a trust supporting the #Trust Act 1882 or as a society under the 'Societies Act 1860'. #Section8CompanyRegistration is the method of incorporation of an #NGO under the 'Companies Act 2013'. Any company under #section8 can be registered for promoting 'Art', 'Science', 'Commerce', 'Technology', 'Sports', 'Education', 'Social Research', 'Social Welfare', 'Religion', 'Charity' and 'Protection of Environment' etc.

Benefits Of Section 8 Company Registration

- Exemption to the Donors
- No Least Capital
- Credibility
- Tax Benefits
- Separate Legal Identity
- No Stamp Duty

Process of Registration

Selection of Name and Filing for Name Approval It is mandatory that the name of a section 8 company includes words like foundation, forum, association, federation, confederation, council, electoral trust and like, etc
- Minimum 2 Directors out of which 1 shall be resident
- DSC Making
- DIN application file
- Preparation of MOA and AOA
- Filing of Incorporation form Spice Inc 32

Documents Required

- PAN, ID Proof like Aadhar and Bank Passbook of Directors
- Address proof for the place of registration

Relaxations

- No Mandatory requirement to Appoint CS
- Relaxations in Conducting AGM

Companies require a notice of 21 days which now reduces to having only 14 days u/s 101(1). Also, there is no requirement to follow Section 96(2) which had rules for time/place/restrictions on AGM. But time, date and place of each annual general meeting are to be decided before-hand by the Board of Directors with due regard to the directions if any given in this regard by the company in its general meeting. This means an AGM can take place at other than registered office, city and place different than office timing subject to General meeting directions that can be given.

For Section 8 Company Registration visit - https://corpbiz.io/section-8-company-...

Phone:- 9121230280
Email:- [email protected]

Want to know more about #Corpbiz?

Subscribe to our Corpbiz channel to get the latest updates, tips, and help. http://bit.do/fruYV

Website: https://corpbiz.io
Facebook:   / corpbizhq  
Twitter:   / corpbizhq  
Instagram:   / corpbizhq  
LinkedIn:   / corpbizhq