Are you planning to start a Section 8 company? This guide will help you understand the steps involved in Section 8 company registration. For expert assistance, Deeksha Khurana from Taxlegit is your go-to consultant.
Understanding Section 8 Companies
section 8 company registration are non-profit entities in India. They are formed with the goal of promoting charity, arts, commerce, science, or any other useful objectives. These companies enjoy certain privileges under the Companies Act, 2013. They do not have to add "Limited" or "Private Limited" to their names.
Initial Preparation
Before you start the registration process, gather the necessary documents and information. This includes:
- Identity and Address Proof of the directors
- PAN Card of the directors
- Proof of Address of the company’s registered office
- Details of the proposed company’s objectives
DSC Registration
The first step is obtaining a Digital Signature Certificate (DSC). DSC is essential for signing electronic documents. Without it, you cannot file forms online. Deeksha Khurana can guide you through DSC registration, ensuring you meet all requirements.
Applying for Name Approval
The next step is to apply for name approval. You need to suggest a few names for your company. Ensure these names comply with the rules set by the Ministry of Corporate Affairs (MCA). Your names should reflect the non-profit nature of your organization.
Drafting the Memorandum and Articles of Association
Draft the Memorandum of Association (MoA) and Articles of Association (AoA). The MoA should state your company’s objectives. The AoA should cover the rules governing the company. Deeksha Khurana can help you draft these documents accurately.
Filing for Incorporation
Submit the required forms to the Registrar of Companies (ROC). The primary forms include:
- Form SPICe+ (Simplified Proforma for Incorporating Company electronically)
- Form AGILE-PRO (for GST and other registrations)
You must also provide the DSC and documents mentioned earlier.
LLP Registration vs. Section 8 Company Registration
If you're considering an LLP registration instead, remember that LLPs have different compliance requirements and tax implications compared to Section 8 companies. An LLP is suited for businesses with a profit motive, whereas Section 8 companies are ideal for non-profits.
Additional Compliance Requirements
After registration, ensure you comply with ongoing requirements. This includes:
- Annual filing of financial statements
- Regular audits
- Adherence to charitable objectives
Deeksha Khurana can assist you with these compliance requirements, ensuring you stay on track.
Conclusion
Section 8 company registration is a straightforward process if you have the right guidance. With Deeksha Khurana from Taxlegit, you get expert advice and support throughout the registration process. From DSC registration to filing forms and ensuring compliance, having a knowledgeable consultant makes a significant difference.
If you're ready to start your non-profit venture, contact Deeksha Khurana today. Her expertise will make the process smooth and hassle-free, helping you achieve your charitable goals with ease.
