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Procedure for Registering Section 8 Company

Corporate Laws / Banking / SEBI / LLP - By: - Parth Sharma - Dated:- 12-9-2015 - Introduction Section 8 Company is a Company licensed under Section 8 of the Companies Act, 2013 (the Act), erstwhile known as Section 25 Company under the Companies Act, 1956, which has main object; 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 promo .....

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ociety. Section 8 company also has higher credibility amongst donors, Government departments and other stakeholders. Further, the key feature of a Section 8 Company is that name of the Company can be incorporated without using the word Limited or Private Limited as the case may be. (Note: Requirement of minimum capital under the Act shall not apply to Section 8 Company vide Notification of June 5, 2015). Procedure for Registration of Section 8 Company Minimum two people required for registration .....

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m of Association of the proposed company in Form INC-13 Draft Articles of Association of the proposed company Declaration by Practicing Chartered Accountant / Practicing Company Secretary / Practicing Cost Accountant in Form INC-14 Declaration from each person making application in Form INC-15 Estimated Income and Expenditure for next 3 years (Note: Form INC-12 is in physical mode and the e-form is not yet available on MCA21 Portal. Thus, the same needs to be filed in Form RD-1 with prescribed f .....

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