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In India if you wish to register a Non- profit Organization it can be done in three forms;
Basic attributes of a Section 8 Company Registration If you are planning to set up a non-profit organization via Section 8 Company Registration following attributes must be known before initiating Section 8 Company registration;
STEP 1: Digital Signature Application submission As all the forms are required to be verified and signed by the applicants thus they are required to apply for Digital Signature Certificate. All the subscriber of shares and proposed directors are required to apply for DSC and submit all the required documents along with passport size photograph of the applicant. STEP 2: Apply for Name Reservation The applicant shall finalize on a name for the proposed non profit organization and file for name reservation. Name reservation application is submitted via RUN service available on the Ministry of Corporate Affairs portal. Full form of RUN is Reserve Unique Name. Maximum two names can be applied for through RUN service. This application is processed within 2-3 days’ time. Once a name is approved by the authorities it will be reserved for 20 days within which time the Section 8 Company registration is required to be completed. STEP 3: Prepare Incorporation Documents After name approval is done prepare all the necessary documents required for Section 8 company registration. These documents include;
In order to complete Section 8 company registration the applicant is required to obtain license from Central Government. Application for this license is to be filed in Form INC-12 and AOA, MOA etc. are to be submitted as attachments. STEP 5: Submit SPICe Form Once the License is issued in Form INC 16 to the applicant the only step left in Section 8 Company Registration is to file the Incorporation application through SPICe Form. Along with basic attachments copy of license issued shall also be attached in the section 8 company registration application. Once the application is verified and the authorities are satisfied certificate of incorporation is issued. Source url - https://entersliceindia.dudaone.com/section-8-company-registration-a-practical-approach
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