SECTION 8 COMPANY

Register Your SECTION 8 COMPANY AT 2999

SECTION 8 COMPANY REGISTRATION IN INDIA

HOW TO REGISTERED SECTION 8 COMPANY
1 CALL OR MAIL TO NAYA REGISTRATION
2 DISCUSS WITH NAYA BUSINESS (PROFESSIONAL)
3 PROVIDE US NECESSARY DOCUEMTNS WITH US
4 REGISTERED YOUR SECTION 8 COMPANY WITHIN 3 DAYS
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SECTION 8 COMPANY REGISTRATIONS IN INDIA

WE NAYA REGISTRATION IS HERE TO PROVIDE QUICK AND AFFORDABLE SERVICES TO REGISTER A SECTION 8 COMPANY THROUGH 100% ONLINE PROCESS. OUR SERVICES ARE TRUSTED BY THOUSANDS OF BUSINESSES IN ALL MAJOR CITIES OF INDIA. SECTION 8 REGISTRATIONS IS HIGHLY PREFERRED FOR NGO REGISTRATION. WE HAVE REGISTRATION OF SECTION 8COMPANY REGISTRATION IN INDIA (SECTION 8 COMPANY INCORPORATION IN INDIA) BY MORE THAN 5000 COMPANIES

WHAT IS INCLUDED IN THIS PACKAGE?

IN INDIA, THERE ARE 3 LEGAL FORMS EXIST FOR AN NGO OR NON-PROFIT ORGANIZATIONS I.E TRUSTS, SOCIETIES AND SECTION 8 COMPANIES.

INDIAN TRUSTS HAVE NO CENTRAL LAW; INDIAN SOCIETIES HAVE DIFFERENT LEGAL AND INSTITUTIONAL FRAMEWORKS FROM STATE TO STATE WHILE SECTION 8 COMPANIES HAVE ONE UNIFORM LAW ACROSS THE COUNTRY – COMPANIES ACT, 2013. IT IS THIS ROBUST ACT THAT REGULATES THE FORMATION, MANAGEMENT AND ACCOUNTABILITY OF A SECTION 8 COMPANY, THUS MAKING IT MORE CLOSELY REGULATED AND MONITORED THAN TRUSTS AND SOCIETIES, AND RECOGNIZED ALL OVER THE WORLD.

A NON-PROFIT COMPANY OR SECTION 8 COMPANY IS A COMPANY WHICH:

  • • HAS IN ITS OBJECTS THE PROMOTION OF COMMERCE, ART, SCIENCE, SPORTS, EDUCATION, RESEARCH, SOCIAL WELFARE, RELIGION, CHARITY, PROTECTION OF ENVIRONMENT OR ANY SUCH OTHER OBJECT;
  • • INTENDS TO APPLY ITS PROFITS, IF ANY, OR OTHER INCOME IN PROMOTING ITS OBJECTS; AND
  • • INTENDS TO PROHIBIT THE PAYMENT OF ANY DIVIDEND TO ITS MEMBERS.

    THE FUNDAMENTAL ASPECT OF SECTION 8 COMPANIES IS THAT IT IS CREATED FOR THE NON-PROFIT MOTIVE AND IT FORBIDS THE PAYMENT OF DIVIDED. THAT MEANS INCOME, IF ANY OF SECTION 8 COMPANIES MUST BE USED FOR THE OBJECTS FOR WHICH SECTION 8 COMPANY IS CREATED.

PROCEDURE FOR REGISTRATION OF SECTION 8 COMPANY

1. APPLICATION FOR NAME AVAILABILITY IN FORM RUN
APPLICATION FOR NAME AVAILABILITY MUST BE MADE IN “RUN” FACILITY. THE NAME OF SECTION 8 COMPANY SHALL INCLUDE THE WORDS FOUNDATION, FORUM, ASSOCIATION, FEDERATION, CHAMBERS, CONFEDERATION, COUNCIL, ELECTORAL TRUST, AND THE LIKE ETC. ONE CAN PROPOSE MAXIMUM 2 NAMES AT A TIME AND 1 RESUBMISSION IS ALLOWED IN RUN FACILITY. FEES FOR RUN ARE RS. 1000/-. IT IS ADVISABLE TO ATTACH THE OBJECT CLAUSE OF THE PROPOSED COMPANY. NAME ONCE APPROVED IS VALID FOR 20 DAYS.

2. GETTING DIGITAL SIGNATURES OF FIRST DIRECTORS
THE NEXT STEP IS TO GET CLASS 3 DIGITAL SIGNATURES OF FIRST SUBSCRIBERS AND DIRECTORS WHICH ARE REQUIRED FOR FILING INCORPORATION FORM WITH THE ROC.

3. PREPARATION OF MEMORANDUM OF ASSOCIATION, ARTICLES OF ASSOCIATION AND OTHER DOCUMENTS
MOA IS THE CHARTER OF THE COMPANY AND DEFINES THE SCOPE OF ITS ACTIVITIES. AN AOA IS A DOCUMENT WHICH REGULATES THE INTERNAL MANAGEMENT OF THE COMPANY. MOA OF SECTION 8 COMPANIES MUST BE IN FORM INC-13 WHILE THERE IS NO FORMAT PRESCRIBED FOR AOA FOR SECTION 8 COMPANY. ONE CAN ADOPT TABLE F PROVISIONS. MOA & AOA OF THE COMPANY SHALL BE SIGNED BY EACH SUBSCRIBER WHO SHALL MENTION HIS NAME, ADDRESS, DESCRIPTION AND OCCUPATION IN THE PRESENCE OF AT LEAST ONE WITNESS WHO SHALL ATTEST THE SIGNATURE AND SHALL LIKEWISE SIGN AND ADD HIS NAME, ADDRESS, DESCRIPTION AND OCCUPATION.

4. FILING OF SPICE 32 FORM
AFTER GETTING PROPOSED NAME APPROVAL, ONE MAY GO AHEAD WITH FILING OF FORM SPICE 32.
ATTACHMENTS OF SPICE 32:
THE FOLLOWING ARE THE DOCUMENTS WHICH ARE REQUIRED TO BE ATTACHED WITH THE SPICE FORM FOR INCORPORATION OF SECTION 8 COMPANIES.

  • 1. MEMORANDUM OF ASSOCIATION IN FORM INC-13;
  • 2. ARTICLES OF ASSOCIATION; (NO SPECIFIED FORMAT)
  • 3. DECLARATION IN FORM INC-14 BY CS/CA/CWA IN PRACTICE, THAT THE DRAFT MOA & AOA HAVE BEEN DRAWN UP IN CONFORMITY WITH THE PROVISIONS OF SECTION 8 AND RULES MADE THEREUNDER AND THAT ALL THE REQUIREMENTS OF THE ACT AND THE RULES MADE THEREUNDER RELATING TO REGISTRATION OF THE COMPANY UNDER SECTION 8 AND MATTERS INCIDENTAL OR SUPPLEMENTAL THERETO HAVE BEEN COMPLIED WITH;
  • 4. DECLARATION BY EACH OF THE PERSONS MAKING THE APPLICATION IN FORM INC-15;
  • 5. AN ESTIMATE OF THE FUTURE ANNUAL INCOME AND EXPENDITURE OF THE COMPANY FOR NEXT THREE YEARS;
  • 6. NAME APPROVAL LETTER RECEIVED FROM CRC;
  • 7. CONSENT AND DECLARATION BY FIRST DIRECTORS IN FORM DIR-2;
  • 8. SELF-DECLARATION BY FIRST SUBSCRIBERS IN FORM INC-9;
  • 9. PAN CARD OF FIRST DIRECTORS AND SUBSCRIBERS;
  • 10. AADHAR CARD OF FIRST DIRECTORS AND SUBSCRIBERS;
  • 11. PROOF OF REGISTERED OFFICE LIKE SALE DEED/LEASE DEED/RENT AGREEMENT ETC;
  • 12. LATEST UTILITY BILL OF REGISTERED OFFICE LIKE ELECTRICITY BILL;
  • 13. NOC OF OWNER IF REGISTERED OFFICE IS TAKEN ON RENT/LEASE.

    SPICE 33 AND 34 I.E E-MOA AND E-AOA CAN’T BE USED FOR SECTION 8 COMPANY. SECTION 8 COMPANIES ARE MANDATORILY REQUIRED TO FILE MOA AND AOA AS PDF ATTACHMENTS TO SPICE-32.

BENEFITS OF SECTION 8 COMPANY REGISTRATION

  • • EXEMPTION FROM STAMP DUTY.
  • • TAX DEDUCTIONS TO THE DONORS OF THE COMPANY U/S. 80G OF THE INCOME TAX ACT.
  • • SECTION 8 COMPANIES CAN BE FORMED WITH OR WITHOUT SHARE CAPITAL, IN CASE THEY ARE FORMED WITHOUT CAPITAL, THE NECESSARY FUNDS FOR CARRYING THE BUSINESS ARE BROUGHT IN FORM OF DONATIONS, SUBSCRIPTIONS FROM MEMBERS AND GENERAL PUBLIC.
  • • SECTION 8 COMPANIES ARE NOT REQUIRED TO ADD THE SUFFIX LIMITED OR PRIVATE LIMITED AT THE END OF THEIR NAME.
  • • A SECTION 8 COMPANY HAS MORE CREDIBILITY AS COMPARED TO ANY OTHER NON-PROFIT ORGANIZATION STRUCTURE LIKE TRUST OR SOCIETY.