ISO Certified Premium Startup Consultancy Company
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It’s not for profit! Its charity! The quickest way to form NGO!!
Corporations shall not be in business to make money only, social welfare shall also be the part of business objectives.
Apart from individuals and associations of persons, Section 8 also allows firms to be members of these companies.
Section 8 companies, unlike all other companies, do not require a prescribed minimum paid-up share capital.
Members of these companies can only have limited liability. Their liabilities cannot be unlimited in any case
Such companies can function only if they have the Central Government’s license. The Government can revoke this license as well.
Since these companies possess charitable objectives, the Companies Act has accorded several benefits and exemptions to them.
Section 8 companies do not aim to make profits. Their objectives are purely charitable in nature. They aim to further causes like science, culture, research, sports, religion, etc.
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We concern the matters relating to false guarantees and specifically addressed the same by providing the MONEY BACK GUARANTEE for the service in simply 7 working days. When an individual not absolutely pleased with the services for which he paid, he might standup the disappointment with a describing observation. We maintain with precaution and issue a refund or credit the charge card according to the internal refund policy.
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It is not possible to register a name that is too similar to an existing company name or trademark. When it comes to name of company, a degree of freedom is given by the companies’ act 2013, however, there are certain rules and restrictions that are required to be consider during selecting the name. It is advised to submit with two names in the order of preference. Company name rules and guidelines will be used at the time of application.
First have to apply the digital signature of the subscribers. All documents of company are required to be signed digitally and online application made.
Memorandum of association is the charter of the company and defines the scope of its activities whereas article of association regulates the internal working of the company. Draft another documents like ground of application, declaration, affidavit, and various statements etc. All declarations and affidavit get notarized and stamped at sufficient value.
Filing of incorporation form for getting central government approval and certificate of Incorporation after attaching mandatory documents in Form Spice-32.
After verification of all documents, Roc will issue a certificate of incorporation along with central government license which contains 6 digit numbers.
Individual commitment to a group effort makes a team work or a society work
Section 8 Company registration in India is for the people who want to register a non-profit organisation or a non-government organisation. These companies can be registered as per section 8 of the companies’ act 2013. Any nonprofit or a non-government organisation should work to promote or support the public cause.
A non-profit organisation established to promote art, commerce, sport, education research, environmental protection, religion, charity and much more. All incomes generated through the company are used for the promotion of objective instead of sharing. There will be no dividends paid to the members of the company (NGO). Here we will discuss the provisions about the NGO registration in form of section 8 company, attributes, welfares, registration process etc.
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A company (NGO) which has main objective is to do social welfare by promoting commerce, education, research, art, science, sports, religion, charity, etc. If any profit generates from working of company then it would be applied for promoting the said object.
A person or an association of persons can make an application under section 8 of companies act to the Registrar of Companies using requisite forms to register a company with charitable objectives
There is no restriction in payment of remuneration to employees / directors of section 8 companies.
While the definition of “taxable person under GST” includes a trust, society, or section 8 company. These entities are not engaged in any economic activity just like trading and commerce so they cannot be treated as a taxable person under GST.
Registering under the 12A section allows the section 8 company to exempt from tax rates. On the other hand, section 80G registration exempts the taxable income of person who donates to the NGO which leads to more donations.
