All about Section 8 company registration online

nehalsharma7060

posted on 2 months ago — updated on 1 second ago

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Are you passionate about making a difference in society through a non-profit organization? If so, registering as a Section 8 company could be the perfect option for you. A Section 8 company, also known as a not-for-profit organization, is formed with the primary objective of promoting charitable causes, art, science, research, education, social welfare, religion, environment conservation, or any other similar purpose. In this guide, we'll walk you through the step-by-step process of registering a Section 8 company online, using simple language that's easy to understand for everyone.

Understanding Section 8 Company

Before we delve into the Section 8 company registration process online, let's first understand what a Section 8 company is all about. A Section 8 company is a type of non-profit organization that operates to promote charitable causes or other social objectives. Unlike other companies, the primary focus of a Section 8 company is not to generate profits for its members but to use any income or profits towards furthering its charitable objectives.

Step 1: Decide on Your Charitable Objectives

The first step in registering a Section 8 company is to clearly define the charitable objectives that your organization will pursue. Think about the social cause or causes that you are passionate about and want to contribute to. Whether it's education, healthcare, environmental conservation, or any other area, having a clear mission and vision will guide your organization's activities and initiatives.

Step 2: Choose a Unique Name for Your Company

Once you have identified your charitable objectives, the next step is to choose a unique name for your Section 8 company. The name should reflect the mission and values of your organization and should not be similar to the names of existing companies or trademarks. You can check the availability of the chosen name on the Ministry of Corporate Affairs (MCA) website or portal.

Step 3: Obtain Digital Signature Certificates (DSC)

Digital Signature Certificates (DSC) are electronic equivalents of physical signatures and are required for filing various documents online with the government authorities. All proposed directors of the Section 8 company need to obtain DSCs from certified agencies authorized by the government.

Step 4: Obtain Director Identification Number (DIN)

Every director of the Section 8 company must obtain a Director Identification Number (DIN) from the Ministry of Corporate Affairs (MCA). DIN is a unique identification number assigned to individuals who wish to be appointed as directors of a company. You can apply for DIN online through the MCA portal by submitting the necessary documents and paying the prescribed fee.

Step 5: Prepare Documents and Forms

Once you have finalized the name of your Section 8 company and obtained DSCs and DINs for the directors, the next step is to prepare the necessary documents and forms for company registration. Some of the key documents and forms required include:

Memorandum of Association (MOA): MOA is a legal document that defines the objectives and scope of activities of the Section 8 company.
Articles of Association (AOA): AOA contains the rules and regulations governing the internal management of the company.
Form INC-32 (SPICe): Form INC-32, also known as SPICe (Simplified Proforma for Incorporating Company Electronically), is used for incorporating a company online.

Step 6: Apply for Company Registration Online

Once all the documents and forms are prepared, you can apply for company registration online through the MCA portal. Fill out the required details in Form INC-32 (SPICe) and upload the supporting documents, such as MOA, AOA, and proof of identity and address of the directors.

Step 7: Payment of Registration Fees

Upon submission of the application for company registration, you are required to pay the prescribed registration fees online through the MCA portal. The registration fees may vary depending on the authorized capital of the company.

Step 8: Verification and Approval

After receiving the application and the requisite fees, the Registrar of Companies (ROC) will verify the documents and forms submitted. If everything is in order and complies with the applicable laws and regulations, the ROC will approve the application for company registration.

Step 9: Issue of Certificate of Incorporation

Once the application is approved, the ROC will issue a Certificate of Incorporation, confirming the formation of the Section 8 company. The Certificate of Incorporation serves as conclusive evidence of the existence of the company and its legal status as a not-for-profit organization.

Conclusion

Congratulations! You have successfully registered your Section 8 company online. By following the step-by-step process outlined in this guide, you can navigate through the registration process with ease and ensure compliance with the relevant laws and regulations. Remember, as a Section 8 company, your primary objective is to promote charitable causes and contribute to the betterment of society. If you have any doubts or need assistance during the registration process, it is advisable to consult with a professional company secretary or legal advisor.

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