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Make a positive impact on society with simplified Section 8 company registration at FilingsFirst.
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A section 8 company is a charitable institution and promotes the development of arts, music, science, sports, commerce and religious activities.
It is registered under section 8 of the Companies Act passed in 2013.
According to the company policies, the profit must be distributed among the different members. These laws are not against profit creation but the generated revenue must be utilised for charitable purposes.
A section 8 company enjoys special rights, exercises autonomy and has a set of privileges. Investing in such firms proves to be beneficial for the business leaders as these guarantee concessions.
A section 8 company is a charitable institution and promotes the development of arts, music, science, sports, commerce and religious activities.
It is registered under section 8 of the Companies Act passed in 2013.
According to the company policies, the profit must be distributed among the different members.
A section 8 company enjoys special rights, exercises autonomy and has a set of privileges.
The owners can be exempted from paying income tax donations and giving compliance provisions.
The promoters freely run the organisation as the things that count deal with the capital subscribed and unpaid.
The company can hold the assets and liabilities in its name without mentioning the shareholders or directors. Also, it can exercise rights and obligations without facing any problems.
A section 8 company functions as a corporate entity and does not need suffixes such as private limited or limited. This is done to allow third parties to focus on the organisation's value and derive worthwhile results rather than rave about the status it holds.
Scanned copy of PAN Card or Passport (Foreign Nationals & NRIs)
Scanned copy of Voter's ID/Passport/Driver's License
Scanned copy of Latest Bank Statement/Telephone or Mobile Bill/Electricity or Gas Bill
Latest Passport size photograph of Shareholders and Directors
Scanned copy of Notarised Rental Agreement in English
Scanned copy of No-objection Certificate from property owner
Estimated Statement of Income & Expenditure for next three years
Electricity Bill/ Telephone Bill of the registered office address in India
Filings First shall help you in the procurement of Digital Signature Certificate.
This is followed by checking of Name availability. The chosen name is applied for Name reservation under "RUN".
MOA/AOA and other required documents shall be drafted by Filings First. Stamp Duty payments and notarisation shall be done to the required documents
We shall make an application for grant of license for the Sections 8 Company. Ministry shall overview our application and respond to out application 3-4 days.
Filings First shall then proceed further with DIN, Pan and TAN application of the company
Once the MCA approves our application, we shall obtain the Certificate of Incoroporation
After receiving a Director Identification Number, an NRI or foreign national may serve as a director in a Section 8 company. On the Board of Directors, however, at least one Director must be a resident and citizen of India.
The promoters must submit an e-form INC-12 to the Central Government in order to get said approval. The form is accompanied with the company's Memorandum of Agreement and Articles of Association, promoter declarations, an estimated statement of income and expense for the next three years, etc. If the application is accepted, an approval letter in form INC-16 is given out.
A location in India where the company's registered office will be located is necessary. The location where communications from the MCA will be received may be commercial, industrial, or residential.
An individual identifying number called a ""Director Identification Number"" is given to each Director, both current and potential, of a company. A Director Identification Number is required for all currently serving or aspiring Directors. There is only one Director Identification Number allotted to each individual, and it never expires.
When submitting papers over the Internet, a digital signature helps to electronically verify the sender's or signee's identity. The Directors are required by the Ministry of Corporate Affairs (MCA) to digitally sign some of the application forms. Consequently, all Directors of a proposed Section 8 company must possess a digital signature.
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