Section 8 of Companies Act 2013 apply on to the companies incorporated for promotion of commerce, art, science, sports, education, research, social welfare, religion, charity, protection of environment or any such other object. Such a company is also called a not-for-profit company. These is because the profits have to be invested back to the objective the company is pursuing.
It is lengthy and complex process and have pan India recognition. But one can choose between Trust or Society registration if want to start a NGO quick.
|Section 8 company with charitable objects||Obtaining DSC & DIN||Name Approval||Company Registration|
|TaxAdvizer can incorporate a Section 8 Company in 90 to 120 days, subject to ROC processing time.||TaxAdvizer will make Digital Signature Certificate (DSC) and Director Identification Number (DIN) is required for the proposed Directors of the Company.||A minimum of one and a maximum of six proposed names must be submitted to the MCA. Subject to availability, naming guidelines and MCA processing time, Name Approval can be obtained in 5 to 7 working days.||Incorporation documents can be submitted to the MCA along with an application for incorporation.|