How to incorporate a section 8 company in India? Here is the answer. The procedure for section 8 Company incorporation under spice involves the following steps. The applicant mustn't ignore any of them at any time.
First step of the section 8 registration procedure is to decide on a good name for it. The Company name rules are relaxed when you compare them to other business entities.
For instance, the applicant must not use the name Section or 8 or Company in its chosen name. But to help itself, the applicant can refer to the Sec 8 company name suggestions. Also, the applicant must ensure the uniqueness of their chosen name by checking the Company's Name availability. The Sec 8 Company Name Search app can help in this regard.
The applicant must also ensure they follow the Section 8 Companies Act rules. Choose the words with federations, authority, and relevant others as the Company name's suffix.
The second step of the registration process is registering for the Digital Signature Certificate. It is an essential step in the formation of a section 8 company. Through this process, the applicant will gain the authentication of the documents that he or she uploads online.
Here, MoA refers to the Memorandum of Association. The MoA is filed using the form INC 13. It is a document that details the Sec 8 company's directors, shareholders, and Section 8 company objectives. For instance, if the proposed company's purpose is to educate, then the MoA of the company for education must specify that its goal is to promote education in society. The Section 8 company should also adhere to rules and regulations as documented and detailed in its carefully drafted Articles of Association.
File a declaration via Form INC 15 for Section 8 Company License registration. Here, you will declare that the points mentioned in the company's memorandum are according to the provisions of the Sec 8 regulations set by the Ministry.
All the appointed directors of your Section 8 company must also file individual declarations via the INC 14 form for company registration. They have to individually declare that Sec 8 roles are clearly defined in the MoA (Memorandum of Association).
The final step of this registration process is to obtain the Certificate of Incorporation. You need to apply for the section 8 NGO registration online, and for that, the portal facilitates Section 8 India Registration, hosted by the MCA (Ministry of Corporate Affairs).
The following are the Sec 8 company incorporation documents for each director and shareholder to proceed with online registration.
The applicant must ensure that the Sec 8 company incorporation documents are uploaded during registration.
The applicant must start filling out the Section 8 company registration application form online. He must also ensure that all the details provided align with the ones mentioned in the Sec 8 Company rules. The applicant must thoroughly assess their MoA and AoA before entering their details into the application form.
But the Corporate Authority's company rules are strict regarding the documents. So the applicant must pay attention beforehand.
If the RoC (Registrar of Companies) accepts the applicant's Sec 8 registration form, it will get the company licensed under Sec 8 of the Companies Act of 2013. Therefore, as a registered NGO under section 8, you will get access to many benefits forward.
The MCA has provided particular timings for the company's incorporation under section 8 of the Companies Act of 2013. Therefore, you can obtain the C0R (Certificate Of Registration) on time. As for the registration charges, they would depend upon the applicant's stamp duty.
But keep in mind that if the way to register a Sec 8 company is online, it doesn't translate to easy acquisition. The Section 8 procedure, in the right hands, will take less than a week to complete. Registering a Sec 8 company under the Companies Act of 2013 isn't an easy task. That's where we shine. Our NGO consultant will step in to help you. The Registrationwala delivers an end-to-end solution to register your Sec 8 Company in India.