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    Section 8 Company

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    gsa7090
    The document discusses the process of registering a company under Section 8 of the Indian Companies Act of 2013. Key details include: 1) The scope of work involves justifying registration under Section 8, drafting legal documents, and filing all required forms for license and incorporation. 2) Professional fees for the registration process would be Rs. ***** including all applicable fees and expenses. 3) The client must provide all necessary information and documents on a timely basis for completion. 4) Section 8 allows for registration of non-profit organizations for charitable purposes. Profits must be reinvested in the organization's objectives and members cannot receive dividends.

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    © All Rights Reserved
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    Section 8 Company

    Uploaded by

    gsa7090
    121 views8 pages
    The document discusses the process of registering a company under Section 8 of the Indian Companies Act of 2013. Key details include: 1) The scope of work involves justifying registration under Section 8, drafting legal documents, and filing all required forms for license and incorporation. 2) Professional fees for the registration process would be Rs. ***** including all applicable fees and expenses. 3) The client must provide all necessary information and documents on a timely basis for completion. 4) Section 8 allows for registration of non-profit organizations for charitable purposes. Profits must be reinvested in the organization's objectives and members cannot receive dividends.

    Original Description:

    sec 8 company documents required

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    The document discusses the process of registering a company under Section 8 of the Indian Companies Act of 2013. Key details include: 1) The scope of work involves justifying registration under Section 8, drafting legal documents, and filing all required forms for license and incorporation. 2) Professional fees for the registration process would be Rs. ***** including all applicable fees and expenses. 3) The client must provide all necessary information and documents on a timely basis for completion. 4) Section 8 allows for registration of non-profit organizations for charitable purposes. Profits must be reinvested in the organization's objectives and members cannot receive dividends.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    121 views8 pages

    Section 8 Company

    Uploaded by

    gsa7090
    The document discusses the process of registering a company under Section 8 of the Indian Companies Act of 2013. Key details include: 1) The scope of work involves justifying registration under Section 8, drafting legal documents, and filing all required forms for license and incorporation. 2) Professional fees for the registration process would be Rs. ***** including all applicable fees and expenses. 3) The client must provide all necessary information and documents on a timely basis for completion. 4) Section 8 allows for registration of non-profit organizations for charitable purposes. Profits must be reinvested in the organization's objectives and members cannot receive dividends.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 8

    To,

    Gopal Agarwal
    Pune

    Sub: Company registration under Section 8 of Companies Act 2013".

    Respected Sir,

    We are pleased to offer our services for company registration under Section 8 of the provisions of
    Companies Act, 2013 and rules made there under on the following terms and conditions:

    I. Scope of work

     Submit justification of the registering the said board under section 8 by comparing with other
    means of registration of the board along with advantages in terms of financial aspects;
     Drafting the Memorandum of Association and Articles of Association;
     Preparation of the documents and filing of Forms for obtaining the License under Sec 8 of the
    Companies Act, 2013;
     Preparation of the documents and filing of Forms for Incorporation of the Company.
     Providing Consultancy services on Company Law related to registration of the Company under
    sec 8

    II. Professional fees

    Our Professional fees for the above said assignment would be Rs.*****/- including filing fees with
    regulatory authorities, other incidental charges and out of pocket expenses etc.

    III. Information/documents etc

    The client should provide all the necessary information/papers/ documents from time to time for
    completing the assignment.
    Hope the aforementioned proposal provides you with an outline of the proposed services from our side.

    In case you require any further information/clarification, please feel free to contact the undersigned.

    Kindly return a copy of this letter duly signed by you as a token of your acceptance.

    Thanking you,

    Yours Sincerely,

    Sd/-

    CS Girish Varma

    Company Secretary

    Membership No. F11544


    CoP No. 13991

    Details About Sec 8 Company in brief –


    Section 8 Company or a Non-Profit organization (NPO) is a Company established for promoting
    commerce, art, science, religion, charity or any other useful 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.

    An NPO/NGO can be formed for promotion of any useful object like sports, education, research
    activities etc. The term No Profit does not mean that the Company cannot generate profit or
    income, but it essentially means applying the income for further promotion of the object and not
    for distributing it to the promoters. It means that the Company can earn profits but the promoters
    cannot be benefited out of those profits.

    Key Benefits:
     Many privileges and exemptions under Company Law.
     Exemption from requirement of Minimum Paid-up capital.
     Exemption of Stamp duty for registration.
     Non-application of Companies Auditor’s Report Order (CARO) 2003.
     Tax deductions to the donors of the Company u/s. 80G of the Income Tax Act.

    Key Conditions:
     Profit or Income of the Company shall be applied for the promotion of the main object
     Declaration of dividend or distribution of profit to the promoters is not allowed
     No member shall be appointed as a remunerated officer
     No remuneration / benefit shall be paid to a member being a servant / officer of the Company
    (except reimbursement of out-of-pocket expenses, reasonable interest on money lent or
    reasonable rent on the premises)
     Subsequent alteration of MoA & AoA requires prior approval of Central Govt. (i.e. Registrar of
    Companies)

    Steps involved in Registration of Section 8 Company/ Non-Profit organization:

    Step No. STEPS TIME FRAME (Working Days)

    2 Days
    1 Preliminary Documentation (Varies by the response time taken by
     Ascertaining document requirement and availability the Promoters)
     Preparation of signing documents
     Signing of the Incorporation documents by Promoters
     Sending the Signed document by Promoters
    2 Days
    2 DSC (Digital Signature Certificate)
    Getting DSC for all the Directors / Share Holders for digital
    authentication of the Incorporation documents

    3 -
    DIN (Director Identification Number)
    Approved DIN is a pre-requisite for incorporation process

    Preparation of Main Object & Name Availability Search


    5 Days
     Preparation of Main Object
     The Promoters have to provide at least 2 (Two) names in the
    order of priority
     To make an online search of availability of names as desired
    by the Promoters
     Confirmation of the draft main object & the final name

    5 Days
    Application for Name Availability
    5
     Filing of Form Spice Part A with the concerned ROC

    6
    Final Process 10 Days
     Filing all the Incorporation documents with the RoC
     Online uploading of e-Forms
     Payment of Registration fees
    Receiving Incorporation Certificate and License for NPO

    Detail required regarding incorporation of new company

    Part I – Details of company

    Type of company – Private or Public


    Proposed business activity of the company

    Capital structure of company

    Register address of the company

    Particulars of the proposed name –


    Proposed name -
    1
    2

    Significance of abbreviated or coined word in the proposed name

    Whether the promoters are carrying on any Partnership firm, sole


    proprietary or unregistered entity in the name as applied for

    Number of first subscriber(s) to MOA and their share holding

    Number of first Directors of the company

    Share Holding of Subscriber / Trustee No 1

    Share Holding of Subscriber / Trustee No 2

    Trustee - 1 Particulars
    First Name Middle Name Last
    Name
    Father's First Name Middle
    Name Last Name
    Occupation Type Business / Service / House Wife / Student / Retired
    Occupation Area Government / Private Sector / Other
    If other Specify
    Educational Qualification
    Date of Birth
    Gender
    Place of Birth
    PAN
    Voters Identification No
    Passport No
    Driving Licence No
    Aadhar No
    Permanent Residential No with
    Police Station & Pin Code
    Mobile No
    Phone No
    E-mail ID
    Whether Present Address is same
    as permanent Address
    If No, then provide current
    residential address with address
    proof
    Trustee - 2 Particulars
    First Name Middle Name Last
    Name
    Father's First Name Middle
    Name Last Name
    Occupation Type Business / Service / House Wife / Student / Retired
    Occupation Area Government / Private Sector / Other
    If other Specify
    Educational Qualification
    Date of Birth
    Gender
    Place of Birth
    PAN
    Voters Identification No
    Passport No
    Driving Licence No
    Aadhar No
    Permanent Residential No with
    Police Station & Pin Code
    Mobile No
    Phone No
    E-mail ID
    Whether Present Address is same
    as permanent Address
    If No, then provide current
    residential address with address
    proof

    Compulsory Documents Required

    PAN Card of all duly self certified and

    Address proof (any one of following - Electricity Bill/ Telephone Bill/ Mobile Bill/ Gas Bill /
    Bank Statement) duly self certified should not be older than 2 months / 60 days.

    ID Proof (any one of following - Passport / Voter Card / Driving License) duly self certified

    Register Office Address Proof of the company duly certified by owner of the premises
    Passport size 2 photo

    Authorization Letter / Resolution is required from Parent Company.

    Trade Mark Certificate will reduce the chance of rejection of name application.

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