Incorporating a section 8 company

SECTION 8 NGO COMPANY

The NGO Company or Section 8 Company or Section 25 Company is a company registered under the Companies Act, 2013 for charitable or not-for- profit purposes. Start a NGO Company '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.
The NGO Company is similar to a Trust or Society but is registered under the Central Government's Ministry of Corporate Affairs. Trusts and Societies are registered under State Government regulations. A NGO company has various benefits when compared to Trust or Society. NGO Company have improved recognition and better legal standing. NGO company also has higher credibility amongst donors, Government departments and other stakeholders.

PROCESS OF REGISTRATION SECTION 8 COMPANY

LegalChalo.com can register a Section 8 Company in 25 to 40 days, subject to ROC processing time.

STEPS TO REGISTER

STEP 1 - Obtain DSC & DIN

Digital Signature Certificate(DSC) and Director Identification Number(DIN) is necessary for the proposed Directors of the NGO Company. DIN and DSC can be created for the proposed Directors within 6 to 9 days.

STEP 2 - Name Approval & License

After we got DIN and DSC. Then, for atleast two Directors, application for reservation of name for section 8 company can be made to MCA. Then, the name is reserved, a license must be obtained prior to incorporation.

STEP 3 - Section 8 Company Registration

After we got the license, registration documents must be submitted to the MCA along with an application for registration. MCA will generally approve the application for incorporation in 6 to 9 days, subject to their processing time.

SECTION 8 NGO COMPANY

PROCESS OF REGISTRATION SECTION 8 COMPANY

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