Section 8 Company

Section 8 Company is a company not-for-profit purposes with the object to promote commerce, art, science, sports, education, research, social welfare, religion, charity, protection of environment or any such other object. The profits, if any, are applied for promoting its objects and not distributed among the members of the Company. Section 8 company has more credibility than Trust or Society.

Secretarial team of Expert Advisorz help you form your Section 8 Company in hassle free manner. We at Expert Advisorz provide following services to Section 8 Companies:-

1. Digital Signature of Director:- As the application for the Registration is filed online with Digital Signatures of the director, hence the process starts with the issue of the digital signature for all the directors/promoters. We at Expert Advisorz have a separate compliance department which looks after issuance of DSC.
2. Director Identification Number:- It is a unique identification number allotted to the director of a company by MCA. No person can hold an office of the director unless he is issued a DIN. DIN is required for incorporation and for all future communication between director and the company as well as Ministry of corporate affairs. Secretarial team of Expert Advisorz help you in allotment of your DIN.
3. Name Approval of Company:- Name of each company must be unique and should not be same or in resemblance with any already registered company, LLP or a Trademark. Before incorporating a company, an application is made to the ROC for approval of name. The words “Limited” or “Private Limited”, as the case may be, cannot be used with the name of Section 8 Company. Our Management and Secretarial team will help you while deciding the name of the company and then final approval of the same.
4. MOA & AOA of Company:- These are charter documents for the Company. The MOA contains the Name, object, state in which company is registered, the maximum amount of capital which it can raise (Authorised Capital) & a declaration that the company is a limited company. Whereas all rules & regulation of the company is incorporated in Articles of Association (AOA). The promoters need to adopt and sign MOA & AOA, which is then filed with the MCA.
Legal team of Expert Advisorz help you in drafting your MOA &AOA to make it suitable for your business and in truly reflecting arrangement between company and other stakeholders.
5. Obtaining License:- An application is made to the Central Government for obtaining the license for establishing and operating a Section 8 Company. The Central Government issues this license on being satisfied that the objective of incorporation of the Company is to promote charitable object. We at Expert Advisorz help you to obtain the license for functioning of a Section 8 Company.
6. Company Incorporation:- All the steps as described above finally culminates into the registration of the company with the issuance of the certificate of Incorporation. The certificate of incorporation is the conclusive proof of the registration of the company. Pool of professional in Expert Advisorz will help you get your company’s certificate of Incorporation so that you can start your business smoothly.
7. Applying for PAN:- Permanent Account Number (PAN) is must for starting a business in India. It’s a unique 10-digit alpha-numeric no. allotted by Income Tax Department. We at Expert Advisorz help you in applying and getting PAN.
8. Shops & Establishment Registration:- Every shop or commercial establishment is required to get itself registered with the labour department of the state government. The application for registration must be filed within 30 days of starting a business in India. We at Expert Advisorz help your business get this registration.
9. Open a bank Account:- To transact the business, the Directors must open a current account in the name of the Company. However due to complex regulatory requirement it often become a tedious task to open a bank account. We at Expert Advisorz assist our clients in opening their bank account.
10. GST Registration:- GST is a tax on goods and services, every person who supplies any goods or service has to get registered under GST. However, GST registration for Section 8 Company or NGOs depends on the type of activity pursued by the organisation. Some activities are exempt from GST whereas on some activities GST is applicable and hence, registration is required for them. We at Expert Advisors help you obtain GST Registration.
11. Trademark Registration:- In today’s competitive and dynamic business environment every business spends millions of rupees and number of years in creating a brand Still, some of them fails to get it registered with IPR authority and thus loses the brand. We at Expert Advisorz help our client right from applying trademark registration to final approval of the same.