Documents Required For Section 8 Company Registration
>>Digital Signature Certificate >>Director Identification Number >>Memorandum of Association
>>Articles of Association >>ID proof for members: (Aadhar Card, Passport, Voter ID) >>Passport size Photographs
>>Director’s detail >>Address Proof for registered address
Eligibility for Section 8 Company Registration
Object must be Charitable or to promote arts, science, commerce etc
Intends to apply all its profit in promoting the objectives
Assures the prohibiting of the payment of dividends to any of its members
Concerns Related to Section 8 Company
1. Name approval :
You need to provide different name options to MCA out of which one will be selected. Names provided should ideally be unique and suggestive of company business.
2. Approval of other authorities :
The Registrar of Companies may require the applicant to furnish the approval of any department,regulatory body, appropriate authority, or Ministry of the Central or State Government(s) in relation to the work to be done.
3. Obtaining Section 8 Company Licence :
After the company’s name is approved, one needs to apply for a Section 8 Company licence from the MCA.The Registrar will wait for 30 days for objections, if any, of any person pursuant to notice published in newspapers.The Registrar might also consult any other regulatory bodies and necessary authorities.
Thereafter, the Registrar of Companies may,at its discretion, grant the licence with or without certain conditions. The Registrar may direct the company to insert in its memorandum, or in its articles, or partly in one and partly in the other, such licencing conditions as may be specified by the Registrar in this behalf.
4. MOA & AOA submission :
Once the licence is obtained, one needs to draft Memorandum of association and Articles of Association. But the object of the company must always be a charitable object. Both MOA and AOA are filed with the MCA with the subscription statement.
5. Get Section 8 Company incorporation certificate :
It typically takes 15- 25 days to form a Section 8 company and get the incorporation certificate. The Certificate of Incorporation is proof that a company exists. It also includes your CIN (Company Incorporation Number).The Registrar will wait for 30 days for objections, if any, of any person pursuant to notice published in newspapers.The Registrar might also consult any other regulatory bodies and necessary authorities. Thereafter, the Registrar of Companies at its discretion, may grant the licence. And such licence may contain conditions as deemed necessary by the registrar
6. Apply for PAN, TAN and Bank account :
Then you need to apply for PAN and TAN. PAN and TAN are received in 7 working days. Post this, you can submit the Incorporation certificate, MOA, AOA and PAN with bank to open your bank account.