Make your Section 8 company compliant through Vakilsearch’s simplified process.
We file your annual returns and prepare the minutes of board meetings.
We issue share certificates and update the statutory registers.
We file directors’ disclosures to the Registrar.
Every Section 8 company has to carry out the annual compliance tasks listed under the Companies Act, 2013 and Income Tax Act, 1961. This ensures that the company is trustworthy and credible while avoiding penalties for non-compliance. Compliance tasks need to be carried out throughout the year and can be tedious.
Vakilsearch’s annual compliance package for Section 8 Companies ensures these tasks are taken care of for you by experts. It saves your time and energy so that you can focus on the core activities of the company.
The following are the annual compliance tasks required to be carried out by Section 8 Companies. All of these are included in the compliance package.
Apart from the list of annual compliances mentioned above, a Section 8 company may have to perform other compliance tasks depending on the situation. While our package doesn’t include such tasks, you might get it done on request at an additional cost. Examples of such tasks are:
In case your company takes donations or funding from donors, then those incomes are eligible for tax exemptions. To claim that exemption, the company has to comply with the conditions specified under Section 11 and register under Sections 80G and 12A. Again, this is not covered under the annual compliance package but is available as a separate service.
Non-compliance may lead to penalties ranging from ₹25,000/- to ₹5,00,000/- and/or imprisonment. It can also lead to the company and its directors being blacklisted for some time.
Vakilsearch is experienced in assisting Section 8 companies with filing forms and annual returns accurately, ensuring the acceptability of any information submitted to department and ministry websites.