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Section 8 company registration-Venture care| NGO Formation Services

Section 8 Company registration or Section 25 Company registration is a company registered for charitable purpose. Venture Care can help you register a Section 8 Company in India.<br><br><br><br><br><br>

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Section 8 company registration-Venture care| NGO Formation Services

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  1. www.venture-care.com Ask@venture-care.com 020-65363633

  2. Asoneofthelargestmarketsintheworld,Indiahasavasttradeandcommercialdomain.HowevermakingprofittsthroughtradeandcommerceisnottheonlyfactorwhichisprominentintheIndianmarket.Indiaasahugecountrylacksbehindinsectorslikeeducation,employment,healthcare,food,andsafety,etc.Ourgovernmentisunderalotofpressuretoamelioratetheconditionswithinthenationallegislation.Thecentralgovernmentcannotaddresseachandeveryissuesimultaneouslyandthiscreatesaspaceforspecificorganizationswhichassistthegovernmentworkingforthewell-beingofsociety.SuchorganizationsareknownasNon-profitorganizationsornon-governmentorganizations.Asoneofthelargestmarketsintheworld,Indiahasavasttradeandcommercialdomain.HowevermakingprofittsthroughtradeandcommerceisnottheonlyfactorwhichisprominentintheIndianmarket.Indiaasahugecountrylacksbehindinsectorslikeeducation,employment,healthcare,food,andsafety,etc.Ourgovernmentisunderalotofpressuretoamelioratetheconditionswithinthenationallegislation.Thecentralgovernmentcannotaddresseachandeveryissuesimultaneouslyandthiscreatesaspaceforspecificorganizationswhichassistthegovernmentworkingforthewell-beingofsociety.SuchorganizationsareknownasNon-profitorganizationsornon-governmentorganizations. ANon-profitorganizationcanberegisteredasaCompanyunderSection8oftheCompaniesAct,2013.ItcanalsoberegisteredasTrustoraSociety.Section8companycanbeincorporatedforpromotionofcommerce,art,science,sports,education,research,socialwelfare,religion,charity,protectionofenvironmentoranysuchotherobject,provideditintendstoapplyitsprofits,ifany,orotherincomeinpromotingitsobjectsandintendstoprohibitthepaymentofanydividendtoitsmembers. PROSOFSECTION8COMPANY NOMINIMUMPAIDUPCAPITALREQUIREMENT:AsperCompaniesAct,2013unlikeprivateandpubliclimitedcompanies,Section8Companydonotrequireanyminimumcapitalcontributionforincorporation.Theycancommencetherebusinesswithoutanysharecapital.ThefundrequiredforbusinesscanbebroughtintheformofdonationandsubscriptionfrompublicandmembersoftheCompany. TAXDEDUCTION:SinceSection8Companiesarenon-profitmakingcompaniestheyareexemptedfromcertainincometaxprovisions.Theyarealsogivennumerousdeductionsandbenefits.IndividualDonatingMoneyinSection8companiesalsoavailthebenefitsofdeductionunderSection80GofincomeTaxAct,1961. NONEEDTOUSETITLE:UnlikePrivateLimitedcompanywhichuses‘PrivateLimited’as titleafteritsname,Section8Companyisnotrequiredtoaddanysufixortitletoitsname. NOSTAMPDUTYPAYABLE:Asection8Companyisexemptedforthepaymentofstampdutyapplicableforregistrationasapplicableincaseofotherstructuressuchasprivatelimitedorapubliclimitedcompany. CREDIBLE:ASection8CompanyhasmorecredibilityascomparedtoanyotherNon-profitorganizationstructurebeitaTrustorSociety.Asitisalicensedbythecentralgovernment.IthasmorestringentregulationssuchasnochangeinMOAandAOAcanbedoneatanystageorsituationinaSection8Company.Asection8companydueitsstrictcompliancesasregardtofunctioninghasamorereliableimageincomparisontootherlegalstructures. POINTTOBEKEPTINMINDBEFOREREGISTERINGSECTION8COMPANIES: A.Decideregardingtheproposednametobeapplied,objectstobecarriedbythe Company,authorizedcapital. B.NameofSection8CompanyshallincludethewordsFoundation,Forum,Association,Federation,Chambers,Confederation,Council,Electoraltrustandthelikewords. C.Itshouldintendtoapplyitsprofits,ifanyorotherincomeinpromotingitsobjects. www.venture-care.comAsk@venture-care.com020-65363633

  3. D.Itshouldintendtoprohibitthepaymentofdividendtoitsmembers. E.ApartnershipfirmisallowedtobeamemberoftheSection8Company MINIMUMREQUIREMENTSFORSECTION-8COMPANY: A.Atleasttwoshareholders B.Minimumtwodirectors C.ShareholdersandDirectorscouldbesame. D.AtleastoneDirectorshouldbeIndianresident E.Thereisnominimumcapitalrequired. F.RegisteredOfficeAddressProof(Rentagreementifthepremisesisnotownedbythecompany) G.DocumentsclaimingtheownershipsuchasSaleDeedorHouseTaxreceiptalongwithan NOC. PROCEDUREFORINCORPORATIONOFSECTION-8COMPANY: A.GetDigitalSignatureCertificate(DSC)ofallmembers. B.GetDirectorIdentificationnumber(DIN)ofallDirectorsbyusingDSC. C.SuggestatleastSixCompanyname.Wewilldosearchfornameavailability. D.ApplytoROCfornameapproval. E.OncenameisapprovedbyROCFileapplicationtoCentralGovernmentinFormINC-12forgrantofLicensetostartSection8Company. F.OnceCentralGovernmentissuesLicensefileIncorporationdocumentwithROClikeMOAAOAConsentofDirector,Affidavitanddeclarationfromdirectorsetc. G.OnceIncorporationformisapprovedbyROC,ROCshallissueCertificateofIncorporationwithPANandTANNo. RequirementtoApplyforDSC: AllmembersshouldhaveDSC 1.PanCardSelfAttested 2.ResidentialProofSelfAttested 3.DullyfillandsignDSCapplicationform. www.venture-care.comAsk@venture-care.com020-65363633

  4. RequirementtoApplyforDIN:(MinimumTwoDirectorsarerequired) 1.PhotographoftheApplicant–TobeSelf-attested. 2.PAN–TobeSelf-attested 3.MobileNo. 4.Emailid. 5.EducationalQualification 6.Occupation 7.Proofofresidenceofapplicant 8.Addressproofslikepassport,election(voteridentity)card,rationcard,drivinglicence,electricitybill,telephonebillorbankaccountstatementshallbeattachedandshouldbeinthenameofapplicant(shallnotbelaterthan2months). 9.DSCofIndividual. RequirementtoApplyforNameAvailability: 1.SixProposednamewithsignificanceofName 2.AuthorizedCapital-Optional 3.JurisdictionofRegistrarofCompanies. 4.MainObjecttobepursuedbyCompany RequirementtoApplyforCentralGovernmentLicenseofSection8Company: 1.DraftMOA&AOA 2.INC-15Declarationbyeachsubscriber(OnNon-judicialstamppaperofRs.100/-anddulynotarized). 3.Affidavitbyeachsubscriberregardingnondisqualification(OnNon-judicialstamppaperof Rs.100/-anddulynotarized). 4.DeclarationbyeachsubscriberregardingnonacceptanceofPublicdeposit(OnNon-judicialstamppaperofRs.100/-anddulynotarized). 5.ConsentfromallDirectorsinDIR-2 6.EstimatedstatementofIncome&ExpenditureforNextthreeyearsanditshouldbesignedtheproposedPromoters. 7.EstimatedBalanceSheetforNextthreeyearsanditshouldbesignedtheproposedPromoters. 8.ListofproposedPromotersandDirectorsoftheCompany www.venture-care.comAsk@venture-care.com020-65363633

  5. 9.Statementofgroundonwhichapplicationismade. RequirementtoApplyforIncorporationofSection8Company: 1.RegisteredofficeaddressofCompany. 2.RecentAddressproofwithNOCfromOwner. TIMEPERIOD: TimeRequiredforIncorporationofSection8CompanyShallbe30-60days,dependingon governmentapproval. REGISTRATIONOFCOMPANYUNDERSECTION12AAND80GOFINCOMETAXACT. IncomeofanorganizationisexemptedifNGOhas12-Aregistration.Thisisonetime registration. Ifanorganizationhasobtainedcertificationundersection80-GofIncomeTaxActthendonorsofthatNGOcanclaimexemptionfromIncomeTax. Applicationforregistrationundersection12Aand80GcanbeappliedjustafterregistrationoftheNGO.ItcanbeappliedtotheCommissionerofIncomeTax(Exemption)havingjurisdictionovertheinstitution. Bothapplicationscanbeappliedtogetheroritcanbealsoappliedseparately.Ifsomeorganizationiswillingtoapplybothapplicationsseparately,thenapplicationforregistrationu/s 12Awillbeappliedfirst.Getting12Aregistrationmustforapplyingapplicationforregistrationu/s80GofIncomeTaxAct. www.venture-care.comAsk@venture-care.com020-65363633

  6. ContactUs: HeadOffice(India) Sr.No-29,Ajikyatara,kalaniketan,VentureCare Bank,3031AVRotterdam,(NL)Pune,Maharashtra411043(IN) Phone:(020)-65363633 www.venture-care.comAsk@venture-care.com020-65363633 BranchOffice(Netherlands) Phone:+31614575275 VentureCare JonkerFransstraat46, Dhankawadi,NearRajshriShahu

  7. ContactUs: www.venture-care.comAsk@venture-care.com020-65363633

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