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Section 8 NGO Company Registration
@ ₹17,999/-
Looking to establish a NGO Company? Our registration service provides expert guidance and support throughout the entire process. From preparing necessary documents to filing with the appropriate authorities, we ensure a seamless and hassle-free registration experience. Let us help you bring your charitable vision to life through a NGO Company.
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BENEFITS OF SECTION 8 NGO COMPANY REGISTRATION
A Section 8 Company, also known as a Non Profit Organisation (NPO), is established for the purpose of promoting various social causes such as commerce, art, science, religion, sports, education, research activities, charity, or any other useful social object. It is essential that any profits or donations received by the company are utilized solely for the promotion of its objectives and no dividends are paid to its members or owners.
The term “No Profit” does not indicate that the company cannot generate income or profit. Rather, it signifies that any income earned should be used for furthering the company’s mission and not distributed among its promoters. This allows the company to earn profits while ensuring that its promoters do not directly benefit financially.
Section 8 companies enjoy numerous privileges and exemptions under Company Law including:
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FAQ's
1. What is Section 8 NGO company registration?
Section 8 NGO company registration is the process of registering a non-profit organization under Section 8 of the Companies Act, 2013 in India.
2. What is a Section 8 company?
A Section 8 company is a type of non-profit organization that is registered under Section 8 of the Companies Act, 2013. These companies are formed for promoting social welfare, charity, education, science, art, religion, environment protection, or any other charitable purpose.
3. What are the benefits of registering as a Section 8 NGO company?
Some benefits of registering as a Section 8 NGO company include tax exemptions, limited liability for members/directors, access to grants and funding opportunities, and enhanced credibility and trustworthiness in the eyes of donors and stakeholders.
4. Who can register as a Section 8 NGO company?
Any individual or group of individuals who want to promote social welfare, charitable activities, education, science, art, religion, environment protection, or any other charitable purpose can register as a Section 8 NGO company.
5. Can foreign nationals or NRI's register a Section 8 NGO company in India?
Yes, foreign nationals or NRI’s can register a Section 8 NGO company in India, subject to certain conditions and approvals from the government.
6. How long does it take to register a Section 8 NGO company?
The registration process for a Section 8 NGO company typically takes around 30-45 days, depending on the documentation provided and any additional approvals required.
7. What documents are required for registering a Section 8 NGO company?
Some common documents required for registering a Section 8 NGO company include proof of address, identity proof of directors/members, Memorandum of Association (MOA), Articles of Association (AOA), and a declaration stating the charitable objectives of the organization.
8. Is there a minimum capital requirement for registering a Section 8 NGO company?
No , there is no minimum capital requirement for registering a Section 8 NGO company.
9. Can a Section 8 NGO company distribute profits to its members or directors?
No, a Section 8 NGO company cannot distribute profits to its members or directors. Any income generated must be used for the charitable purposes of the organization.
10. Can a Section 8 NGO company engage in commercial activities?
Yes, a Section 8 NGO company can engage in commercial activities as long as the profits are used for the charitable objectives of the organization.
11. Can a Section 8 NGO company be converted into a for-profit company?
No, a Section 8 NGO company cannot be converted into a for-profit company. It must continue to operate as a non-profit organization.
12. Can a Section 8 NGO company receive foreign funding?
Yes, a Section 8 NGO company can receive foreign funding subject to certain approvals and compliance with the Foreign Contribution (Regulation) Act, 2010.
13. Can a Section 8 NGO company own property or assets?
Yes, a Section 8 NGO company can own property or assets in its name for carrying out its charitable activities.
14. Can a Section 8 NGO company be dissolved or closed down?
Yes, a Section 8 NGO company can be dissolved or closed down by following the procedures laid out in the Companies Act, 2013. Any remaining assets must be transferred to another non-profit organization with similar objectives.
15. What are the compliance requirements for a Section 8 NGO company?
Section 8 NGO companies need to adhere to certain compliance requirements such as holding regular board meetings, maintaining proper financial records, filing annual returns with the Registrar of Companies, and complying with any regulations set forth by the government or regulatory authorities.
16. Can a Section 8 NGO company change its objectives or activities?
Yes, a Section 8 NGO company can change its objectives or activities, but it must do so by passing a special resolution and obtaining approval from the government. Any changes must align with the charitable purposes for which the organization was originally registered.
17. How can a Section 8 NGO company raise funds for its charitable activities?
Section 8 NGO companies can raise funds through donations, grants, sponsorships, and fundraising events. They can also apply for government schemes or projects that support their charitable objectives. It is important for the organization to maintain transparency in its financial transactions and ensure that all funds are used for the intended purposes.
18. Can a Section 8 NGO company have paid staff or employees?
Yes, a Section 8 NGO company can have paid staff or employees to carry out its charitable activities. However, the salaries and benefits should be reasonable and in line with industry standards to ensure that the organization’s funds are used efficiently for its charitable purposes.
19. How can a Section 8 NGO company maintain transparency and accountability in its operations?
One way for a Section 8 NGO company to maintain transparency and accountability is by regularly publishing financial reports and updates on its website or through other communication channels. This allows stakeholders, donors, and the public to have access to information about how the organization is utilizing its funds for charitable purposes.