Section 8 Company Registration Procedure

One can surely opt for section 8 company registration online. However, we suggest you to hire a professional for the registration procedure because it’s quite lengthy and cumbersome. Although we have described the registration process step by step as follows:

Step1: Obtain DSC and file Form DIR-3

The first step to incorporating Section 8 NGO in India is to obtain a DSC (Digital Signature Certificate) of the proposed directors of the company. After you have received the DSC, you need to file Form DIR-3 with the Registrar of Companies, requesting for a DIN (Director Identification Number).

For DIN, you need to attach documents such as Identity proof and Address proof.

Step2: DIN from ROC

If the ROC finds the form valid and true, it will approve and allot the DIN to the proposed directors.

Step3: File INC-1/RUN for Company Name Approval

Next, you need to file form INC-1/RUN for the company’s name approval with the ROC. You need to propose a total of two names in the order of choice. However, the ROC will allot only one of the names out of two depending upon the availability.

Step 4: File Form INC-12 with the ROC

Once your company’s name is approved, you need to file Form INC-12 with the ROC. Form INC-12 is an application for the grant of license for operating the company as Section 8.

Documents you would require to attach with INC-12 are:

1. As per Form INC-13, Memorandum of Association (MOA)
   
2. Articles of Association (AOA);
   
3. As per Form INC-14, Declaration from the Practicing Chartered Accountant;
   
4. As per INC-15, Declaration from every person filing the application;
   
5. Assessed expenditure and income for the next three years.
   

The subscription pages of the MOA and AOA of the company must contain the signature of every subscriber. Furthermore, it must also their name, address, and occupation. The subscribers must sign the document in the presence of a minimum of one witness who needs to attest the signature and add his name, address, and occupation, along with his signature.

Step5: Issuance of License

The ROC will examine the form. If everything is correct, they will approve the form. Besides, the ROC will issue the license under Section 8 in Form INC-16.

Step6: File SPICe Form INC-32 with the ROC

After you have received the license, you require filing SPICe INC-32 with the Registrar of Companies for company incorporation. Further, you are required to attach the following documents:

1. As per INC-9, an affidavit from every director and subscriber;
   
2. KYC of every director;
   
3. Declaration regarding the deposits;
   
4. Consent letter of every director;
   
5. Form DIR-2 with an identity proof and address proof of the directors;
   
6. Utility bills as an address proof of office which must not be older than two months;
   
7. NOC in case the office premise is on rent or lease
   
8.  Interest in other entities of all directors;
   
9.   Draft MOA and AOA.
   

If the ROC finds the form satisfying with every criterion, he will issue a COI (Certification of Incorporation) along with a unique CIN (Corporate Identity Number).

Conclusion

Section 8 company has various extraordinary benefits than trust and society. It is an online registration process that requires some important documents like AOA, MOA, id proof, utility bills, etc. Taxaj help you in applying for Section 8 Company registration by completing all the formalities on behalf of you. To get you Section 8 Company registration now or to know more about it contact Taxaj at +91–8961228919 or drop an email at connect@taxaj.com.