Section 8/ NGO Company


Introduction


A company which must have the main object; For promoting research, social welfare, religion, charity, commerce, art, science, sports, education, and the protection of the environment or any such other object, provided that the profits, if any, or the other income is applied for promoting only the objects of the company. Section 8 Company is a company which is registered for charitable or not-for-profit.


When it is compared to Trust or Society it also has higher credibility amongst the donors, Government departments, and other stakeholders.With the help of Minimum2 shareholders, 2 directors and RD License it can be incorporate under Ministry of Corporate Affairs.


Benefits & Drawback


BENEFITS
DRAWBACKS
1  Minimum Capital is not required and also exempted           from Stamp Duty. 1  No profit distribution among shareholders.
2  Tax Benefits and other deduction under Income Tax             Act,  1961. 2  Profits only use in promoting main objects of the             Company  not elsewhere.
3   Greater flexibility in transfer of ownership of both             movable & immovable interest. 3  Alteration in MOA/AOA only possible with the prior             approval of Central Government.
4  Higher credibility amongst donors. 4  Additional rules and regulations imposed by Central             Government.

RECOMMENDATION


Anyone who want to promote research, social welfare, religion, charity, commerce, art, science, sports, education, and the protection of the environment can go for Section 8 Company.Additional opinion please contact with our advisor at zero fee.




DOCUMENTATION FOR REGISTRATION


1  Copy of PAN Card of Shareholders and Directors 2   Copy of Aadhar / Voter ID / Passport / Driving License/             etc. of Shareholders & Directors
3  One passport size photo of both Shareholders and Directors 4  Copy of Utility Bill for registered address of             Business.
5   Additional Details – Suggested CompanyName's, Objects of             Memorandum, Shares Ration, etc.

TIME LIMIT FOR REGISTRATION


Generally it takes 30-45 Days for registration. Name will be granted in 2-5 Days and rest for registration of Company.



Packages



SILVER


Included

24,999/-

1 Company Certificate

2 PAN/TAN Card

3 MOA/AOA

4 Rent Agreement

5 2 Digital Signature

6 2 Director Number

7 RD License

8 Consultancy


GOLD


Included

35,999/-

1 Company Certificate

2 PAN/TAN Card

3 MOA/AOA

4 Rent Agreement

5 2 Digital Signature

6 2 Director Number

7 RD License 8 ROC 1STAnnual Return

9 Consultancy




DIAMOND


Included

37,999/-

1 Company Certificate

2 PAN/TAN Card

3 MOA/AOA

4 Rent Agreement

5 2 Digital Signature

6 2 Director Number

7 RD License

8 Consultancy

9 GST Registration

10 ROC 1STAnnual Return