ngo registration

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SECTION 8 COMPANY

• ABOUT
• SECTION 8 COMPANY  ( NGO Registration )
• The concept of non-profit making company is quite
  old in India. In erstwhile Companies Act, 1956 it
  was regulated by Section 25 and that is why it
  was popular as Section 25 Company. However in
  Companies Act 2013 provisions related to
  non-profit making company are given in Section 8
  read with Rule 19 and 20 of Companies
  (Incorporation) Rules, 2014.
• Section 8 Company is named Section 8 of the
  Companies Act, 2013, which pertains to a
  established 'for promoting commerce, art,
  science, sports, education, research, social
  welfare, religion, charity, protection of
  environment or any such other 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. 
• There may be 3-4 forms of a Charitable
  Organization in India and such organization can
  be formed/registered as trusts, societies, or as
  a non-profit company(NGO Company) incorporated
  under Section 8 of the Companies Act, 2013. 

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The Name of Section 8 Company can end without the
addition to its name of the word Limited, or as
the case may be, the words Private Limited.
((Section 8(1) ) Section 8 company
registration also has higher credibility amongst
donors, Government departments and other
stakeholders. A Section 8 Company
Incorporation is similar to a Trust or Society or 
Ngo Registration but a Section 8 Company is
registered under the Central Government's
Ministry of Corporate Affairs. Whereas Trusts and
Societies are registered under State Government
regulations. The Registration Procedure of
Section 8 Company is that of Similar to Private
/Public Company as the case may be except of
additional requirement of taking License from CG
after name approval. Section 8 NGO
Registration Just Rs. 18000 All Inclusive.
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ADVANTAGE

• A Non-profit making Company is a Company which
• has in its objects the promotion of commerce,
  art, science, sports, education, research, social
  welfare, religion, charity, protection of
  environment or any such other object
• intends to apply its profits, if any, or other
  income in promoting its objects and
• intends to prohibit the payment of any dividend
  to its members.
• Advantage of Section 8 Company Incorporation
• EASE OF FORMATION- A Section 8 company can be
  formed by two persons only, by complying with the
  prescribed formalities of the Companies Act. Many
  privileges and exemptions under Company Law.
  Registered partnership firm can be a member in
  its own capacity.
• LIMITED LIABILITY The greatest benefit
  of Section 8 Company is limited liability. If any
  liability arises then its member is not
  personally affected members are only liable for
  unpaid shares held by them and not more than
  that. Being the biggest advantage with this type
  of company, it means that the owners are not
  personally responsible for business debts and
  obligations of the incorporation.

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SEPARATE LEGAL ENTITY This is the most prominent
quality of a Section 8 Company. It refers to the
statement that company and its members are
completely distinctive. The biggest advantage of
a section 8 company is that its identity is
distinct from that of its members. A company is a
separate person having its own rights
Obligations CONTINUITY OF EXISTENCE Death,
insolvency and insanity etc of any of the member
does not affect the continuity of the company.
Thus the life of the company does not depend upon
the life of its members.In case of death of the
owner or transfer of shares, your business wont
get affected. There will be no effect on firms
continuance.. MINIMUM NUMBER OF SHAREHOLDERS 
The Minimum Members need to start the business
are only2. GREATER FLEXIBILITY A Section 8
company is required to perform lesser legal
formalities as compared to a public company. It
enjoys special exemptions and privileges under
the company law.. TAX BENEFITS A Section 8
company is not required to publish its accounts
or file several documents. Therefore, it is in a
better position than a public company to maintain
business secrets.
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OWNING PROPERTY A company being a legal person,
can acquire, own, enjoy and alienate, property in
its own name. No shareholder/director can make
any claim upon the property of the company so
long as the company is a going concern. CAPACITY
TO SUE AND BE SUED The company being legal
person has full right like a natural person to
institute legal proceedings against or to bring a
suit in a court of law and also can be sued in
its own name.
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DOCUMENTS REQUIRED

• DOCUMENTS REQUIRED FOR NGO REGISTRATION
• Self attested Copy of PAN Card of all the
  proposed directors.
• Self attested Copy of ADDRESS PROOF (Voter
  ID/DL/Passport/Aadhar Card)of all the proposed
  directors.
• Self attested Copy of Bank Account
  Statement/Electricity Bill/Mobile Bill of all the
  proposed directors.
• Passport size 4 Photographs of all the proposed
  directors.
• Duly signed DSC Form of all directors of the
  proposed company.
• Copy of current Electricity Bill/Water Bill/House
  Tax etc. for the     premises proposed to be used
  as registered office of the Company.
• If the property is rented, then Rent Agreement
  and NoC from owner of property.
• INFORMATION REQUIRED WITH REGARD TO THE SECTION 8
  COMPANY REGISTRATION
• Directors Detail
• Educational Qualification of all the Directors.
• Profession/Occupation of all the directors with
  area of Operation
• Citizenship alongwith Residential Status of all
  the Directors
• Place of Birth of all the Directors
• Permanent Present Residential Status of all the
  Directors
• Contact Numbers of all the Directors
• Email Ids of all the Directors

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Company Detail Preference wise Proposed names
of the Company with Significance of the
name  State in which Company is to be
registered. Authorized and Paid Up capital of the
Proposed Company Main Object of the Proposed
Company Division of paid Up capital among the
Subscribers. Number of Proposed Directors Number
of Proposed Shareholders Whether the promoters
are carrying on any Partnership firm, sole
proprietary or unregistered entity in the name as
applied for? Whether the proposed name(s)
contain(s) name of any person other than
promoter(s) or their close blood
relatives.? Whether the proposed name(s)
include(s) the name of relatives?