We present Section 8 Company registration in Sheohar, Non gain organisation registration in Sheohar, Charitable organisation registration in Sheohar. Section 8 company is a not for gain organization.  Not for profit does not direct that the section 8 companies cannot generate gain from their business. Section 8 companies are normal for some special purpose. We will provide you all information virtually registration of section 8 company in this article in brief.

Section 8 Company Registration Sheohar

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 other social objects. Profits or donation time-honored by section 8 companies is applied for promoting its objects and no any ration 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 bearing in mind Trust and society. Central management has imposed some restrictions and conditions upon section 8 companies. If they don’t fulfill them, government can pass order to wind taking place the company.  In dogfight of any fraud legitimate action will be taken by ROC against anything officers of the section 8 companies. Section 8 companies either private or may be a public company. Registration process of Section 8 companies is substitute from LLP or normal Private limited companies. A separate license is required to be obtained before raptness by applying to Regional director (RD). For raptness 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 true 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 anything directors (Up to date).
5. Copy of rent appointment of Office premises.
6. Copy of electricity Bill.
7. Contacts details of all members.

Procedure of Section 8 Company registration

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

Section 8 companies are nonprofit organization. It is expected for social take action not for gain motive. In old companies act, 1956 section 25 was deals later than nonprofit doling out incorporation. Government of India has made Section 8 company registration to be over and done with online. So it is great news for you. You get not have to visit our office for you work. You can send us whatever documents subsequent to sign through emails. We will do anything of your work. You can pay our innovation online.