NGO/SECTION 8 Company Registration
NGO which refers to Non-profit organization pr Section 8 company which is incorporated to promote commercial and noncommercial activities. It promotes commerce, art, science, religion, sports, education, research activities, charity, and donation which helps to promote the objectives of the company.
NGOs must be registered in India under one of the following Acts:
– Trust under Indian Trusts Act, 1882.
– Society under Societies Registration Act 1860.
– Section 8 Company under Companies Act, 2013
Section 8 company doesn’t provide the profits to the promoters however the company can earn significant profits. There are minimal requirements to register the section 8 company or NGO which are as follows:
– In the case of Private limited NGO, a minimum of 2 shareholders
– In the case of Public limited NGO, a minimum of 2 shareholders.
– DIN for all directors
– In the case of Private limited NGO, a minimum of 2 directors
– In the case of Public limited NGO, a minimum of 3 directors
– DSC for all the directors.
– Address proof of the office premises
Documentary proof to get registered the NGO are:
– MOA, Form SPICe_MoA
– AOA, Form SPICe_AoA.
– Proof of declaration of first subscribers and directors
Registration of NGO/Section 8 companies must be done under Section 8 of Companies Act 2013. There are steps to get registered which are as follows:
– Reserve Name under RUN
– Digital Signatures (DS).
– Apply for Director Identification Number (DIN)
– License to operate as Section 8 company
– Forms need to be submitted at MCA site
– Below forms needs to be attached with the form filled in step