section 8 company, section 8 company registration, section 8 company registration online - PowerPoint PPT Presentation

View by Category
About This Presentation
Title:

section 8 company, section 8 company registration, section 8 company registration online

Description:

Section 8 Company Registration is named Section 8 of the Companies Act, 2013, which relates to a built-up 'for advancing business, workmanship, science, sports, training, examine, social welfare, religion, noble cause, insurance of condition or any such other article', given the benefits, assuming any, or another salary is applied for advancing just the objects of the organization and no profit is paid to its individuals. – PowerPoint PPT presentation

Number of Views:4
Date added: 11 February 2020
Slides: 10
Provided by: Ezzusindia12
Category: Other
Tags:

less

Write a Comment
User Comments (0)
Transcript and Presenter's Notes

Title: section 8 company, section 8 company registration, section 8 company registration online


1
  • NGO REGISTRATION
  • Section 8 Company Registration is named Section 8
    of the Companies Act, 2013, which pertains to a
    established 'for promoting commerce, art,
    science, sports, education, research, social
    welfare, religion, charity, protection of
    environment or any such other object', provided
    the profits, if any, or other income is applied
    for promoting only the objects of the company and
    no dividend is paid to its members. 
  • There may be 3-4 forms of a Charitable
    Organization in India and such organization can
    be formed/registered as trusts, societies, or as
    a non-profit company(NGO Registration) incorporate
    d under Section 8 of the Companies Act, 2013. 
  • The Name of Section 8 Company can end
    with Foundation, without the addition to its name
    of the word Limited, or as the case may be, the
    words Private Limited. ((Section 8(1) )
  • Section 8 Company Registration also has higher
    credibility amongst donors, Government
    departments and other stakeholders.

2
  • A Section 8 Company Incorporation is similar to
    a Trust Registration or Society
    Registration or Ngo Registration but a Section 8
    Company is registered under the Central
    Government's Ministry of Corporate Affairs.
    Whereas Trusts and Societies are registered under
    State Government regulations.
  • The Registration Procedure of Section 8 Company
    is that of Similar to Private /Public Company as
    the case may be except of additional requirement
    of taking License from Central Government after
    name approval.

3
  • DOCUMENTS REQUIRED FOR NGO REGISTRATION
  • Self attested Copy of PAN Card of all the
    proposed directors.
  • Self attested Copy of ADDRESS PROOF (Voter
    ID/DL/Passport/Aadhar Card)of all the proposed
    directors.
  • Self attested Copy of Bank Account
    Statement/Electricity Bill/Mobile Bill of all the
    proposed directors.
  • Passport size 4 Photographs of all the proposed
    directors.
  • Duly signed DSC Form of all directors of the
    proposed company.
  • Copy of current Electricity Bill/Water Bill/House
    Tax etc. for the  premises proposed to be used as
    registered office of the Company.
  • If the property is rented, then Rent Agreement
    and NoC from owner of property.
  • INFORMATION REQUIRED WITH REGARD TO THE SECTION 8
    COMPANY REGISTRATION
  • Directors Detail
  • Educational Qualification of all the Directors.
  • Profession/Occupation of all the directors with
    area of Operation
  • Citizenship along with Residential Status of all
    the Directors
  • Place of Birth of all the Directors
  • Permanent Present Residential Status of all the
    Directors
  • Contact Numbers of all the Directors
  • Email Ids of all the Directors

4
  • Company Detail
  • Preference wise Proposed names of the Company
    with Significance of the name 
  • State in which Company is to be registered.
  • Authorized and Paid Up capital of the Proposed
    Company
  • Main Object of the Proposed Company
  • Division of paid Up capital among the
    Subscribers.
  • Number of Proposed Directors
  • Number of Proposed Shareholders
  • Whether the promoters are carrying on any
    Partnership firm, sole proprietorship or
    unregistered entity in the name as applied for?
  • Whether the proposed name(s) contain(s) name of
    any person other than promoter(s) or their close
    blood relatives.?
  • Whether the proposed name(s) include(s) the name
    of relatives?

5
  • WHAT YOU GET after Section 8 Company
    Incorporation
  • Package 1 Basic
  • Two Unique Director Identification Number(DIN)
    for Life time.
  • Two Digital Signature Certificates (DSC)-Validity
    2 Years
  • NGO Name Approval Letter
  • Certificate of Incorporation
  • MOA AOA.
  • NGO License Approval Copy
  • PAN Card of the Ngo/Foundation.
  • TAN Number of NGO
  • Bank account Opening Documents
  • Package 2 Standard
  • Two Unique Director Identification Number(DIN)
    for Life time.
  • Two Digital Signature Certificates (DSC)-Validity
    2 Years
  • NGO Name Approval Letter
  • Certificate of Incorporation
  • MOA AOA.

6
  • .ORG Website Domain 
  • 2 GB Website Hosting
  • 10 Business Mail-id
  • Dynamic Website
  • Package 3 Premium
  • Two Unique Director Identification Number(DIN)
    for Life time.
  • Two Digital Signature Certificates (DSC)-Validity
    2 Years
  • NGO Name Approval Letter
  • Certificate of Incorporation
  • MOA AOA.
  • NGO License Approval Copy
  • PAN Card of the Ngo/Foundation.
  • TAN Number of NGO
  • Bank account Opening Documents
  • .ORG Website Domain 
  • 2 GB Website Hosting
  • 10 Business Mail-id
  • Dynamic Website

7
  • A Non-profit making 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.
  • Advantage of Section 8 Company Incorporation
  • EASE OF FORMATION- A Section 8 company can be
    formed by two persons only, by complying with the
    prescribed formalities of the Companies Act. Many
    privileges and exemptions under Company Law.
    Registered partnership firm can be a member in
    its own capacity.
  • LIMITED LIABILITY The greatest benefit
    of Section 8 Company is limited liability. If any
    liability arises then its member is not
    personally affected members are only liable for
    unpaid shares held by them and not more than
    that. Being the biggest advantage with this type
    of company, it means that the owners are not
    personally responsible for business debts and
    obligations of the incorporation.
  • SEPARATE LEGAL ENTITY This is the most prominent
    quality of a Section 8 Company. It refers to the
    statement that company and its members are
    completely distinctive. The biggest advantage of
    a section 8 company is that its identity is
    distinct from that of its members. A company is a
    separate person having its own rights
    Obligations

8
  • CONTINUITY OF EXISTENCE Death, insolvency and
    insanity etc. of any of the member does not
    affect the continuity of the company. Thus the
    life of the company does not depend upon the life
    of its members. In case of death of the owner or
    transfer of shares, your business wont get
    affected. There will be no effect on firms
    continuance..
  • MINIMUM NUMBER OF SHAREHOLDERS  The Minimum
    Members need to start the business are only2.
  • GREATER FLEXIBILITY A Section 8 company is
    required to perform lesser legal formalities as
    compared to a public company. It enjoys special
    exemptions and privileges under the company law..
  • TAX BENEFITS A Section 8 company is not required
    to publish its accounts or file several
    documents. Therefore, it is in a better position
    than a public company to maintain business
    secrets.
  • OWNING PROPERTY A company being a legal person,
    can acquire, own, enjoy and alienate, property in
    its own name. No shareholder/director can make
    any claim upon the property of the company so
    long as the company is a going concern.
  • CAPACITY TO SUE AND BE SUED The company being
    legal person has full right like a natural person
    to institute legal proceedings against or to
    bring a suit in a court of law and also can be
    sued in its own name.

9
10-20 days (Subject to ROC Response) after
receipt of all the necessary Documents, The
breakup of the Number of days is as follows
Activity Days
Taking Digital Signature of Directors 1-2 Day
Taking Directors Identification Number (DIN) 1 Day
Reservation of the name of the Company 0-3 Days
Application For License 10-15 days
Preparation of other documents such as MOA,AOA, Forms etc. 0-1 Days
Filling of documents with Authorities 0-1 Day
Getting Final Certificate of Incorporation 3-7 Days
Total Number of Days 30-40 Days
About PowerShow.com