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Section 8 Company Registration Fees | Section 8 Company Incorporation

section 8 company incorporation procedure : Sec 8 companies are generally registered to promote non-profit objectives. Commerce, art, charity, education, religion, environment, protection, social welfare, sports, and research are among the objectives.<br>To know more about company registered under section 8 visit: https://vakilsearch.com/section-8-company-registration-online <br>

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Section 8 Company Registration Fees | Section 8 Company Incorporation

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  1. Understanding Section 8 Companies The Companies Act, 2013 defines companies as non-profit organizations. They are not driven by a primary business motive, unlike other types of companies. Private companies are all covered by the Companies Act, 2013. Sec 8 companies, however, stand out. By reading through the most common questions, one can get a good idea of the companies. limited companies, public limited companies, and foreign What Are The General Requirements For Section 8 Company Registration? Section 8 company can be formed by any individual or group of individuals if they meet the following requirements: ● Its mission is to advance the ideals of arts, science, research, culture, education, and social welfare as a whole. ● Corporations use profits to accomplish their goals. ● Members of the company do not receive dividends or shares. In Accordance With Section 8, What Constitutes A Person Or Group Of Persons? In the Companies Act, 2013 there is no definition of 'person'. This definition is derived from Section 2 (41) of the General Clauses Act, 1897, which states that an individual, an association of individuals, or a corporation may be considered a 'person'.

  2. A List Of Documents Required By Section 8 Of The Companies Act ● Describes the company's objectives and suggested work. ● Directors' DINs and DSC’s. ● You'll need a five-year plan, as well as a financial statement detailing your assets and obligations. ● Director's personal documents ● A leasing agreement or sale deed, as well as recent utility bills, must prove the registered office address. What Is The Section 8 Company Registration Process? ● A completed INC-12 form must be submitted to the Registrar of Companies (RoC). Include the following documents: ● The Memorandum of Association (MoA) and Articles of Association (AoA) are submitted with Forms INC-13 and INC-31, respectively, and with Form SPICe-32. ● Form INC-14, a notarial declaration notarized by an appropriate official ● How much money the company is likely to make and how much it will likely spend ● To make a public statement, applicants must notarize Form INC-15 ● Directors must complete, sign, and notarize the INC-9 form ● Attached is the board/members' resolution. Section 8 Corporations Offer Benefits Among the benefits of forming a Section 8 business over other methods of NGO registration are: ● Operationally, it is more organized and adaptable. ● Physical presence is not required, and the registration process is simplified. ● Minimum paid-up capital is not required.

  3. ● Timely provision of tax benefits under sections 12AA and 80G of the Income Tax Act. ● Partnership businesses can join as individual members and become Directors.

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