A Section 8 Company is a non-profit organization registered under the Companies Act, 2013, aimed at promoting charitable activities. Here’s how to register a Section 8 Company in India.
Step 1: Obtain Digital Signature Certificate (DSC)
Similar to LLP registration, obtaining a DSC is the first step in registering a Section 8 Company. This certificate is necessary for e-filing documents with the Ministry of Corporate Affairs.
Step 2: Apply for Director Identification Number (DIN)
All directors of the Section 8 Company must apply for a DIN. This can be done through the MCA portal.
Step 3: Choose a Suitable Name
The name of your Section 8 Company should reflect its objectives. The name must include the words “Foundation,” “Association,” “Society,” or “Trust” and should not be similar to any existing company.
Step 4: Draft the Memorandum and Articles of Association
These documents outline the company’s objectives, rules, and regulations. The Memorandum of Association (MoA) should state the company’s goals related to the promotion of commerce, art, education, or social welfare.
Step 5: Apply for License under Section 8
Before incorporation, you need to apply for a license under Section 8 of the Companies Act. This can be done by submitting Form INC-12 along with the required documents, including the MoA and Articles of Association.
Step 6: File the Incorporation Documents
After obtaining the license, file the incorporation documents with the ROC. This includes:
- Form INC-7 (Application for Incorporation)
- Form DIR-12 (Particulars of Directors)
- Form INC-22 (Notice of Registered Office)
Step 7: Obtain the Certificate of Incorporation
Once the ROC verifies all documents, you will receive the Certificate of Incorporation. This certificate is proof of your organization’s registration as a Section 8 Company.
Conclusion
Registering a Section 8 Company is a vital step for those looking to engage in non-profit activities in India. It allows you to enjoy certain privileges while working towards social causes. For a seamless registration process, consider consulting with a reliable CA firm in Delhi or Saptax Hub LLP for expert assistance.
Final Thoughts
Understanding the various types of business registrations in India is crucial for entrepreneurs looking to establish their ventures. Each registration type offers unique benefits and legal recognition, making it essential to choose the right one for your business needs. For expert guidance and seamless registration processes, Saptax Hub LLP is here to assist you in navigating the complexities of business formation in India. Whether you need help with Private Limited Company Registration in Delhi or require services from a CA firm in Delhi, we’ve got you covered.
By following these steps, you can confidently establish your business, ensuring compliance with all legal requirements and paving the way for future growth and success.