KNOW SECTION 8 COMPANY
A Non-profit making Company is a Company which:
10-20 days (Subject to ROC Response) after receipt of all the necessary Documents, The breakup of the Number of days is as follows
|Taking Digital Signature of Directors||1-2 Day|
|Taking Directors Identification Number (DIN)||1 Day|
|Reservation of the name of the Company||0-3 Days|
|Application For License||1-5 days|
|Preparation of other documents such as MOA,AOA, Forms etc||0-1 Days|
|Filling of documents with Authorities||0-1 Day|
|Getting Final Certificate of Incorporation||3-7 Days|
|Total Number of Days||10-20 Days|
DOCUMENTS REQUIRED FOR COMPANY-
INFORMATION REQUIRED WITH REGARD TO THE COMPANY
Ø Directors Detail:
Ø Company Detail
WHAT YOU GET
What is Section 8 Company?
What are The Benefits or advantages to work as a private limited company?
Answer: Many privileges and exemptions are available to section 8 company under Company Law.
What is the Procedure to incorporate a company?
Answer: The Procedure to incorporate Section 8 Company is very Similar as in case of Private Limited Company except the difference that after name approval the requirement of applying for License under Section 8 of the Companies Act 2013 is also required.
What is the Time Frame for Company Incorporation?
Answer: The Minimum Time Taken To Incorporate a Section 8 Company is 20-30 days.
What are the Charges for Incorporating a Company?
Answer:Fees for the incorporation decide on company capital, state and total number of directors.
How many Persons are required to incorporate a company?
What is the difference between Directors and shareholders?
What is DIN?
Director Identification Number (DIN) is a unique identification number for an existing director or a person intending to become the director of a company.
What is DSC?
Answer: Digital Signature Certificates (DSC) are the digital equivalent (that is electronic format) of physical or paper certificates. Certificates serve as proof of identity of an individual for a certain purpose. A digital signature certificate can be presented electronically to prove your identity, to access information or services on the Internet or to sign certain documents digitally. Its valid for maximum 2 years.
What is the validity of Certificate of Incorporation Issued by the ROC?
Answer:Once a Certificate of Incorporation is issued by the ROC, it is valid for the lifetime of the company unless it goes for winding up.
Who can form a Sec 8 Company?
What Type of Name can Be Applied For Section 8 Company?
Answer: Rule 8(7) pf the Companies Act says that a Section 8 Company must have any of the following names-
The name shall include the words
- Electoral Trust and the like etc.
The name does not include the words “Private Limited” or “Limited”
What is the Eligibility Criteria for Incorporating a Section 8 Company ?
The main objects should ensure promotion of
- Social Welfare
- Protection of Environment
- or any such other object
WHAT ARE THE KEY CONDIOTIONS FOR SECTION 8 COMPANY:
What is the Procedure for Obtaining License from Central Government ?
After Successful Reservation of Name with the Registrar the Applicant is required to file Application for License under Section 8 in Form INC-12 with Following Documents
Hard copies of the above application with all the attachments along with 3 copies of MOA and AOA to be forwarded to ROC
IF APPROVED LICENSE ISSUED IN Form INC 16
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