{"id":1360,"date":"2021-01-16T09:58:41","date_gmt":"2021-01-16T09:58:41","guid":{"rendered":"https:\/\/swaritadvisors.com\/blog\/?p=1360"},"modified":"2021-01-16T09:58:44","modified_gmt":"2021-01-16T09:58:44","slug":"concept-and-process-to-register-incorporate-section-8-company","status":"publish","type":"post","link":"https:\/\/swaritadvisors.com\/blog\/concept-and-process-to-register-incorporate-section-8-company\/","title":{"rendered":"Incorporate Section 8 Company: Concept &#038; Process to Register"},"content":{"rendered":"\n<p>In India, any person or\nan individual who wants to promote art, science, commerce, education, sports,\nsocial welfare, research, charity, environmental protection, religion, etc.,\nneeds to incorporate section 8 company. Although this business format is\nsomehow similar to Trust and Societies, however, to obtain section 8 company\nregistration, one requires to apply with the MCA (Ministry of Corporate\nAffairs).<\/p>\n\n\n\n<p>In this blog, we will\ndiscuss the concept and procedure to incorporate section 8 company in India.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3b7856bce01\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3b7856bce01\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/swaritadvisors.com\/blog\/concept-and-process-to-register-incorporate-section-8-company\/#Eligibility_Criteria_to_Incorporate_Section_8_Company\" title=\"Eligibility Criteria to Incorporate Section 8 Company\">Eligibility Criteria to Incorporate Section 8 Company<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/swaritadvisors.com\/blog\/concept-and-process-to-register-incorporate-section-8-company\/#Benefits_to_Incorporate_Section_8_Company\" title=\"Benefits\nto Incorporate Section 8 Company\">Benefits\nto Incorporate Section 8 Company<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/swaritadvisors.com\/blog\/concept-and-process-to-register-incorporate-section-8-company\/#Separate_Legal_Entity\" title=\"Separate\nLegal Entity\">Separate\nLegal Entity<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/swaritadvisors.com\/blog\/concept-and-process-to-register-incorporate-section-8-company\/#Limited_Liability_of_the_Members\" title=\"Limited\nLiability of the Members\">Limited\nLiability of the Members<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/swaritadvisors.com\/blog\/concept-and-process-to-register-incorporate-section-8-company\/#No_Provision_concerning_Minimum_Capital_Requirement\" title=\"No\nProvision concerning Minimum Capital Requirement\">No\nProvision concerning Minimum Capital Requirement<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/swaritadvisors.com\/blog\/concept-and-process-to-register-incorporate-section-8-company\/#Less_Stamp_Duty\" title=\"Less\nStamp Duty\">Less\nStamp Duty<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/swaritadvisors.com\/blog\/concept-and-process-to-register-incorporate-section-8-company\/#No_Need_to_Add_Suffix\" title=\"No\nNeed to Add Suffix\">No\nNeed to Add Suffix<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/swaritadvisors.com\/blog\/concept-and-process-to-register-incorporate-section-8-company\/#Eligible_to_Avail_Tax_Benefits\" title=\"Eligible\nto Avail Tax Benefits\">Eligible\nto Avail Tax Benefits<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/swaritadvisors.com\/blog\/concept-and-process-to-register-incorporate-section-8-company\/#Documents_Required_to_Incorporate_Section_8_Company\" title=\"Documents\nRequired to Incorporate Section 8 Company\">Documents\nRequired to Incorporate Section 8 Company<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/swaritadvisors.com\/blog\/concept-and-process-to-register-incorporate-section-8-company\/#Forms_Required_to_Incorporate_Section_8_Company\" title=\"Forms\nRequired to Incorporate Section 8 Company\">Forms\nRequired to Incorporate Section 8 Company<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/swaritadvisors.com\/blog\/concept-and-process-to-register-incorporate-section-8-company\/#Form_INC_13\" title=\"Form\nINC 13\">Form\nINC 13<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/swaritadvisors.com\/blog\/concept-and-process-to-register-incorporate-section-8-company\/#Form_INC_14\" title=\"Form\nINC 14\">Form\nINC 14<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/swaritadvisors.com\/blog\/concept-and-process-to-register-incorporate-section-8-company\/#Form_INC_15\" title=\"Form\nINC 15\">Form\nINC 15<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/swaritadvisors.com\/blog\/concept-and-process-to-register-incorporate-section-8-company\/#Form_INC_9\" title=\"Form\nINC 9\">Form\nINC 9<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/swaritadvisors.com\/blog\/concept-and-process-to-register-incorporate-section-8-company\/#Process_to_Incorporate_Section_8_Company_in_India\" title=\"Process to Incorporate Section 8 Company in India\">Process to Incorporate Section 8 Company in India<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/swaritadvisors.com\/blog\/concept-and-process-to-register-incorporate-section-8-company\/#Apply_for_Name_Approval\" title=\"Apply\nfor Name Approval\">Apply\nfor Name Approval<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/swaritadvisors.com\/blog\/concept-and-process-to-register-incorporate-section-8-company\/#Apply_for_DSC\" title=\"Apply\nfor DSC \">Apply\nfor DSC <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/swaritadvisors.com\/blog\/concept-and-process-to-register-incorporate-section-8-company\/#Fill_in_the_Application_Form_for_Incorporation\" title=\"Fill\nin the Application Form for Incorporation\">Fill\nin the Application Form for Incorporation<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/swaritadvisors.com\/blog\/concept-and-process-to-register-incorporate-section-8-company\/#Certificate_for_Commencement_of_Business\" title=\"Certificate\nfor Commencement of Business \">Certificate\nfor Commencement of Business <\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/swaritadvisors.com\/blog\/concept-and-process-to-register-incorporate-section-8-company\/#Post_Incorporation_Compliance_for_Section_8_Company\" title=\"Post Incorporation Compliance for Section 8 Company\">Post Incorporation Compliance for Section 8 Company<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/swaritadvisors.com\/blog\/concept-and-process-to-register-incorporate-section-8-company\/#Annual_Compliances_of_Section_8_Company\" title=\"Annual\nCompliances of Section 8 Company\">Annual\nCompliances of Section 8 Company<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/swaritadvisors.com\/blog\/concept-and-process-to-register-incorporate-section-8-company\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Eligibility_Criteria_to_Incorporate_Section_8_Company\"><\/span><strong>Eligibility Criteria to Incorporate Section 8 Company<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The eligibility criteria to incorporate\nsection 8 company in India can be summarised as:<\/p>\n\n\n\n<ol><li>In\ncase a company intends to promote art, science, commerce, education, sports, social\nwelfare, research, charity, environmental protection, religion, etc.;<\/li><li>If\nin case a company wants to invest all of its profits and other income in the\npromotion of the above mentioned objectives;<\/li><li>Whenever\na company does not want to pay out a dividend to its member;<\/li><\/ol>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Benefits_to_Incorporate_Section_8_Company\"><\/span><strong>Benefits\nto Incorporate Section 8 Company<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The benefits to incorporate section 8 company in India are as follows:<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter is-resized\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/swaritadvisors.com\/blog\/wp-content\/uploads\/2021\/01\/Swarit-2.png\" alt=\"Incorporate Section 8 Company benefits\" class=\"wp-image-1364\" width=\"530\" height=\"515\" srcset=\"https:\/\/swaritadvisors.com\/blog\/wp-content\/uploads\/2021\/01\/Swarit-2.png 800w, https:\/\/swaritadvisors.com\/blog\/wp-content\/uploads\/2021\/01\/Swarit-2-300x292.png 300w, https:\/\/swaritadvisors.com\/blog\/wp-content\/uploads\/2021\/01\/Swarit-2-768x748.png 768w\" sizes=\"(max-width: 530px) 100vw, 530px\" \/><\/figure><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Separate_Legal_Entity\"><\/span><strong>Separate\nLegal Entity<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The term separate legal entity means\nthat the company incorporated is distinct and separate from its members. That\nmeans the members are not liable to pay off debts of the company and needs to\npay only till the amount remaining unpaid on the shares.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Limited_Liability_of_the_Members\"><\/span><strong>Limited\nLiability of the Members<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>In the case of a section 8 company, the\nmembers need to pay only till the extent of amount remaining unpaid on the\nshares held by them. That means there is no need for them to pay the debts of\nthe company.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"No_Provision_concerning_Minimum_Capital_Requirement\"><\/span><strong>No\nProvision concerning Minimum Capital Requirement<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>It shall be significant to note that to\nincorporate section 8 company in India, there is no need to have any amount as\nthe minimum capital requirement.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Less_Stamp_Duty\"><\/span><strong>Less\nStamp Duty<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>In\nIndia, the stamp duty charged to incorporate section 8 company is very\nreasonable as compared to other business formats. The reason behind the same is\nthat this business format invests all of its profits and other income in the\npromotion of its objectives.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"No_Need_to_Add_Suffix\"><\/span><strong>No\nNeed to Add Suffix<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>There is no need to use \u201c<strong><a href=\"https:\/\/swaritadvisors.com\/private-limited-company-registration\" class=\"text-primary\">Private Limited Company<\/a><\/strong>\u201d, \u201cPvt Ltd Company\u201d, or \u201cLimited Company\u201d as the suffix for the company\u2019s name.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Eligible_to_Avail_Tax_Benefits\"><\/span><strong>Eligible\nto Avail Tax Benefits<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>After obtaining <strong><a href=\"https:\/\/swaritadvisors.com\/section-8-company-registration\" class=\"text-primary\">section 8 company registration<\/a><\/strong>, the said company gets various benefits if it acquires section 80G registration and section 12AA registration as well.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Documents_Required_to_Incorporate_Section_8_Company\"><\/span><strong>Documents\nRequired to Incorporate Section 8 Company<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The documents required to incorporate\nsection 8 company in India are as follows:<\/p>\n\n\n\n<ol><li>PAN Card Details of all the Members;<\/li><li>Aadhaar Card Details of all the Members;<\/li><li>Latest Bank Statements for both the company and its members;<\/li><li>Telephone Bill, Electricity Bill, or any other Utility Bill;<\/li><li>Voter Identity Card of all the members;<\/li><li>Passport of all the members;<\/li><li>Driving License of all the members;<\/li><li>Latest Passport size Photograph for all the Directors;<\/li><li>Copy of the Rental Agreement or Sale Deed;<\/li><li>A copy of company\u2019s MOA (Memorandum of Association);<\/li><li>A copy of company\u2019s AOA (Articles of Association);<\/li><\/ol>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Forms_Required_to_Incorporate_Section_8_Company\"><\/span><strong>Forms\nRequired to Incorporate Section 8 Company<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The different forms required to\nincorporate section 8 company in India are as follows:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Form_INC_13\"><\/span><strong>Form\nINC 13<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>A company needs to draft its MOA (<strong><a href=\"https:\/\/swaritadvisors.com\/learning\/alteration-of-moa-guide-to-alter-memorandum-of-association\/\" class=\"text-primary\">Memorandum of Association<\/a><\/strong>) and AOA (Articles of Association) in Form INC 13, together with the affixation of the latest photographs of the subscribers.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Form_INC_14\"><\/span><strong>Form\nINC 14<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The directors of the\ncompany need file a declaration in form INC 14, stating that the draft of AOA\nand MOA are based on the provisions and norms prescribed for section 8 company.\nAlso, they need to specify that all the requirements to incorporate section 8\ncompany are duly taken care of.<\/p>\n\n\n\n<p>However, it shall be\nconsiderate to record that the said declaration has to be made on a judicial\nstamp paper and must be notarized by either of the following: <\/p>\n\n\n\n<ol><li>An Advocate;<\/li><li>A Company Secretary;<\/li><li>A Chartered Accountant, or;<\/li><li>A Cost Accountant;<\/li><\/ol>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Form_INC_15\"><\/span><strong>Form\nINC 15<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Every person who is subscribing as a\nmember of the company needs to file a declaration in Form INC 15. The same must\nbe made on stamp paper and duly notarized by each member of the company.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Form_INC_9\"><\/span><strong>Form\nINC 9<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The company needs to\nform a list in Form INC 9, comprising of both the first directors and subscribers.\nAlso, the same must be made on a stamp paper and should be appropriately\nauthorised.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Process_to_Incorporate_Section_8_Company_in_India\"><\/span><strong>Process to Incorporate Section 8 Company in India<\/strong><strong><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The steps involved in the process to incorporate section 8 company in India are as follows:<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter is-resized\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/swaritadvisors.com\/blog\/wp-content\/uploads\/2021\/01\/Process-to-Incorporate-Section-8-Company-in-India-heading.png\" alt=\"Incorporate Section 8 Company Process\" class=\"wp-image-1365\" width=\"795\" height=\"188\" srcset=\"https:\/\/swaritadvisors.com\/blog\/wp-content\/uploads\/2021\/01\/Process-to-Incorporate-Section-8-Company-in-India-heading.png 985w, https:\/\/swaritadvisors.com\/blog\/wp-content\/uploads\/2021\/01\/Process-to-Incorporate-Section-8-Company-in-India-heading-300x71.png 300w, https:\/\/swaritadvisors.com\/blog\/wp-content\/uploads\/2021\/01\/Process-to-Incorporate-Section-8-Company-in-India-heading-768x182.png 768w\" sizes=\"(max-width: 795px) 100vw, 795px\" \/><\/figure><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Apply_for_Name_Approval\"><\/span><strong>Apply\nfor Name Approval<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>In the first step, the directors of the\ncompany need to file Part a of SPICe form, together with SPICe+ form to reserve\nthe name of the proposed company. Further, a company has the authority to\nreserve 2 names for the proposed section 8 company. <\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Apply_for_DSC\"><\/span><strong>Apply\nfor DSC <\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Now, in the next step, the proposed country requires to apply for DSC (Digital Signature Certificate) for at least 1 of its directors to sign documents digitally.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Fill_in_the_Application_Form_for_Incorporation\"><\/span><strong>Fill\nin the Application Form for Incorporation<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Once,\nthe name proposed gets reserved, the directors of the said company need to file\nan application form to incorporate section 8 company, within a period of 20\ndays. The said application form must be uploaded online together with all the\nrequisite documents and attachments. <\/p>\n\n\n\n<p>Nowadays,\nSPICe+ acts as an advance version and a combination of 8 forms as follows: <\/p>\n\n\n\n<ol><li>Name Reservation;<\/li><li><a href=\"https:\/\/swaritadvisors.com\/esic-registration\" class=\"text-primary\"><strong>ESIC Registration<\/strong><\/a>;<\/li><li>Incorporation;<\/li><li>Apply for DIN;<\/li><li>GST Registration;<\/li><li>TAN Application;<\/li><li>PAN Application;<\/li><li><strong><a href=\"https:\/\/swaritadvisors.com\/epf-registration\" class=\"text-primary\">EPF Registration<\/a><\/strong>;<\/li><\/ol>\n\n\n\n<p>That means the company just needs to file SPICe+ form\ninstead of 8 separate forms and applications. <\/p>\n\n\n\n<p>Further, the part B of the said form includes details as\nfollows:<\/p>\n\n\n\n<ol><li>Total Number of Directors;<\/li><li>Total Number of Members;<\/li><li>Authorised Share Capital;<\/li><li>Paid-up Capital;<\/li><li>Total Number of Shares held by Members;<\/li><li>Address of the proposed Company; <\/li><\/ol>\n\n\n\n<p>Also,\nit shall be considerate to note that to incorporate section 8 company, the\napplicants need to attach some additional documents as well with SPICe+ form in\npart \u2013B, which are as follows:<\/p>\n\n\n\n<ol><li>The physical copy of the MOA drafted\nand duly signed by members and witnesses;<\/li><li>The physical copy of the AOA drafted\nand duly signed by members and witnesses;<\/li><li>A Declaration in form INC 14 duly attested by a practising\nprofessional;<\/li><\/ol>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Certificate_for_Commencement_of_Business\"><\/span><strong>Certificate\nfor Commencement of Business <\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Once the application to\nincorporate section 8 company is duly approved by ROC (Registrar of Companies),\nit will issue a certificate of incorporation (COI). After that, the company\nneeds to file an application for seeking approval to commence business\nactivities within a period of 180 days, starting from the date of incorporation\nof the said company.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Post_Incorporation_Compliance_for_Section_8_Company\"><\/span><strong>Post Incorporation Compliance for Section 8 Company<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The post registration compliance for a\nsection 8 company are as follows:<\/p>\n\n\n\n<ol><li>Appointment\nof Auditor within a period of 30 days;<\/li><li>Convene\nBoard Meeting within a period of 30 days;<\/li><li>Convene\nAnnual General Meeting within 9 months of the first financial year;<\/li><\/ol>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Annual_Compliances_of_Section_8_Company\"><\/span><strong>Annual\nCompliances of Section 8 Company<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The annual compliances for section 8\ncompany are as follows:<\/p>\n\n\n\n<ol><li>Appointment\nof Auditor under section 139 of the Companies Act 2013;<\/li><li>Maintenance\nof Statutory Registers as per section 8 of the Companies Act 2013;<\/li><li>Conduct\nAnnual General Meetings;<\/li><li>Filing\nof Director\u2019s Report in the Board Meeting;<\/li><li>Filing\nof the Financial Statements of the Company;<\/li><li>Filing\nof Annual Return in form MGT 7 with the Registrar of Companies;<\/li><\/ol>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>In\na nutshell, the organizations that have the\nobjective to promote the fields, such as art, science, commerce, education,\nsports, social welfare, research, charity, environmental protection, religion,\netc., or any other similar nature objective, then, in that case, it needs to\nincorporate section 8 company.<\/p>\n\n\n\n<p>At Swarit Advisors, our experts will guide you with the best advice and process to obtain section 8 company registration in India.<\/p>\n\n\n\n<p><b>Also, Read:<\/b> <mark style=\"background: #fffd03 !important;\"><a href=\"https:\/\/swaritadvisors.com\/blog\/what-are-the-features-of-section-8-company\">Know the Features of Section 8 Company?<\/a><\/mark><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In India, any person or an individual who wants to promote art, science, commerce, education, sports, social welfare, research, charity, environmental protection, religion, etc., needs to incorporate section 8 company. Although this business format is somehow similar to Trust and Societies, however, to obtain section 8 company registration, one requires to apply with the MCA [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":1361,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[70],"tags":[181],"acf":[],"_links":{"self":[{"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/posts\/1360"}],"collection":[{"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/comments?post=1360"}],"version-history":[{"count":7,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/posts\/1360\/revisions"}],"predecessor-version":[{"id":1371,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/posts\/1360\/revisions\/1371"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/media\/1361"}],"wp:attachment":[{"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/media?parent=1360"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/categories?post=1360"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/tags?post=1360"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}