Section 8 Company Registration in Himachal Pradesh

Section 8 Company Registration in Himachal Pradesh

Section 8 company registration in Himachal Pradesh is a legal method that allows non-profit organisations to specify themselves as a company and operate for the promotion of social welfare, arts, education, and charity. Such organisations are managed under the Companies Act, 2013, and are registered with the Ministry of Corporate Affairs (MCA). These companies are allowed to receive donations and grants from the public and government bodies and are suitable for tax exemptions under the Income Tax Act, of 1961. The registration method requires specific documents and compliance with particular regulations, which can be simplified with the help of experienced and professional guidance.

Documents Required for Section 8 Company Registration in Himachal Pradesh

There are a few documents you need to provide to register a Section 8 company. Section 8 companies are non-profit organisations that are registered under the Companies Act, of 2013. Here is a list of documents that you will need to provide for Section 8 company registration:

• 1. Memorandum of Association (MOA)

  The MOA is a legal document that defines the purpose for which the company is being registered. It outlines the company's objectives and the activities that it will undertake.

• 2. Articles of Association (AOA)

  The AOA is a legal document that defines the rules and regulations for the company's internal management. It outlines the company's governance structure and the rights and responsibilities of its members.

• 3. Declaration by Directors

  The company's directors will need to submit a declaration stating that they are not disqualified from being appointed as directors and that they have not been declared as defaulters by any financial institution.

• 4. Proof of Identity and Address of Directors

  The directors will need to provide proof of their identity and address, such as a passport, PAN card, Aadhaar card, or voter ID.

• 5. Proof of Registered Office Address

  You will need to provide proof of the registered office address of the company, such as an electricity bill, rental agreement, or property tax receipt.

• 6. NOC from the Owner of the Premises

  You will need to obtain a No Objection Certificate from the owner of the premises if the registered office is not held by the company.

• 7. Income Tax PAN Card of the Company

  You will need to obtain a Permanent Account Number (PAN) card for the company.

• 8. Digital Signature Certificates (DSC) of Directors

  All company directors will need to obtain Digital Signature Certificates(DSC) to sign the electronic forms for registration

Benefits of Section 8 Company Registration

• Legal Recognition

  Section 8 companies are identified as independent legal entities, giving them the ability to own property and enter into contracts.

• Tax Exemptions

  Section 8 companies are suitable for various tax exemptions, including income tax and stamp duty, which can remarkably reduce their operational costs.

• Limited Liability

  The liability of the company's members is limited to the amount of their contribution towards the company's capital, protecting their personal assets from any possible financial or legal obligations of the company.

• Credibility

  Section 8 company registration adds credibility to the organisation, making it more attractive to donors, investors, and other stakeholders.

• Perpetual Existence

  Section 8 companies have perpetual existence, indicating that the organisation will continue to exist, regardless of changes in its membership or management.Perpetual Existence

• Social Impact

  Section 8 companies are established for the promotion of social welfare, arts, education, and charity, allowing them to make a positive impact on society and contribute to the betterment of the community.

Eligibility Criteria for Section 8 Company in Himachal Pradesh

To be eligible for Section 8 company registration, the following criteria must be met:

• Objectives: The primary objective of the company must be to facilitate social welfare, education, arts, and charity. The profits made by the company should be utilised for the fulfillment of these objectives, and not for the benefit of its members.
• Non-profit: The company must be a non-profit organisation, indicating that it should not distribute dividends to its members.
• Minimum members: There must be at least two members at the company (individuals or corporate entities) for registration
• Directors: The company must hold a minimum of two directors, who must be individuals. One of the directors must be a citizen of India.
• Name: The proposed name of the company must not be similar or identical to an existing company or brand.
• Registered office: The company must keep a registered office in India, which must be held throughout the company's existence.
• Memorandum of Association (MoA) and Articles of Association (AoA): The MoA and AoA of the company must be organised and submitted during the registration process, outlining the company's purposes, management structure, and rules and regulations.
• Compliance: The company must comply with all relevant laws and regulations, including the Companies Act, of 2013, and the Income Tax Act, of 1961.

Section 8 Company Registration Offline

To register a Section 8 company in Vakilsearch, you need to follow these steps:

1. We can assist you to register your Section 8 company in Vakilsearch. Our expert team will direct you through the entire process, providing accuracy and efficiency.

2. Firstly, we'll assist you in getting DSCs and DINs for your proposed directors. Then, we'll apply for name availability by submitting your proposed company name to the ROC.

3. After name approval, we'll file the incorporation documents (MOA and AOA) with the ROC and satisfy all regulatory conditions. This includes getting a Certificate of Incorporation, applying for PAN and TAN, and registering under GST (if needed).

4. In addition, we can support you in getting any required licenses or permits for your charitable activities as a Section 8 company. We realise the importance of compliance and will assist you in meeting all reporting responsibilities and keeping proper financial records.

Section 8 Company Registration Online

We at Vakilsearch provide an easy and quick way to register online for Section 8 Company Registration. Here are the few steps involved:

• Register your company on the Vakilsearch site by providing the required details, such as company name, registered office address, and directors' details.
• Select a convenient package and make the payment.
• Vakilsearch will then confirm the provided details and file the required documents with the Registrar of Companies.
• Upon approval, the Certificate of Incorporation will be issued, and the company will be registered.

Why Vakilsearch?

Vakilsearch is a trusted and respectable choice for Section 8 company registration in India, with a team of knowledgeable experts who can provide expert guidance throughout the registration process. Their online registration service is fast and easy, allowing clients to complete the process from the comfort of their homes or office. Vakilsearch offers a range of reasonable packages tailored to the needs of Section 8 companies, providing that clients receive quality service at a reasonable price. They understand the importance of timely registration and aim to complete the process as quickly as possible. Vakilsearch also provides ongoing support and assistance to Section 8 companies to provide compliance.