We find the allowance for Section 8 Company registration in West Singhbhum, Non profit organisation registration in West Singhbhum, Charitable organisation registration in West Singhbhum. Section 8 company is a not for profit organization.  Not for profit does not take aim that the section 8 companies cannot generate gain from their business. Section 8 companies are customary for some special purpose. We will allow you anything information very nearly registration of section 8 company in this article in brief.

Section 8 Company Registration West Singhbhum

Section 8 company registration means, registration of company as per rules and regulation of companies act, 2013. Section 8 companies incorporated for promoting arts, commerce, charity, education, social welfare, sports, religious or any additional social objects. Profits or donation usual by section 8 companies is applied for promoting its objects and no any allowance of its gain distributed as dividend to its members. Section 8 companies can earn profits but the promoters cannot use it for personal benefit. Section 8 companies cannot use “section 8 or private limited or limited” in its name.  Profit earn by section 8 companies must used in promoting charitable objects. A section 8 company is in the publicize of Trust and society. Central running has imposed some restrictions and conditions upon section 8 companies. If they don’t fulfill them, government can pass order to wind up the company.  In deed of any fraud legal action will be taken by ROC against all officers of the section 8 companies. Section 8 companies either private or may be a public company. Registration process of Section 8 companies is vary from LLP or normal Private limited companies. A remove license is required to be obtained before raptness by applying to Regional director (RD). For amalgamation of section 8 company (private) minimum 2 members is required.

Advantage of Section 8 Company Registration

1. Tax benefit.
2. For complying CSR activities.
3. No minimum capital is required.
4. Separate genuine entity.
5. Credible as compared to Trust and society.
6. No title required.

Documents required for Section 8 Company registration

1. Copy of Pan Card of whatever Members.
2. Copy of aadhar card/ voter ID card/ Passport.
3. Photograph of whatever members.
4. Copy of Bank statements of everything directors (Up to date).
5. Copy of rent attainment of Office premises.
6. Copy of electricity Bill.
7. Contacts details of everything members.

Procedure of Section 8 Company registration

1. Apply for DSC of whatever members.
2. Preparation of documents.
3. Name filing.
4. Section 8 company License filing past RD.
5. MOA & AOA drafting.
6. 3 years projected P&L tab preparation.
7. Filing of section 8 company.
8. Incorporation sanction issued BY MCA.

Section 8 companies are nonprofit organization. It is normal for social deed not for profit motive. In outmoded companies act, 1956 section 25 was deals behind nonprofit dealing out incorporation. Government of India has made Section 8 company registration to be over and done with online. So it is good news for you. You accomplish not have to visit our office for you work. You can send us all documents like sign through emails. We will do whatever of your work. You can pay our proceed online.