Thursday, June 5, 2014

Procedure for Formation of Section 8 Company:



Company Registration under section 25 now called Section 8 Company under New Companies Act, 2013. Section 8 Company Formation is almost same as Private limitedcompany registration with some additional form. One of the most important aspect for Section 8 Company Incorporation is to get approval from Regional Director by filing an online application in Form RD-1. For Registration of Section 8 Company, during filing of Form RD-1 there required following document:-


1.   Memorandum of Association (MOA) in from INC-13 prepared in accordance to Rule 19(2) of Companies (Incorporation) Rules, 2014
2.       Articles of Association (AOA)
3.   Declaration by Chartered Accountant or advocate or cost accountant or company secretary in Form INC-14 prepared in accordance to Section 7 (1)(b) and rule 19 (3)(b) that for Formation of Section 8 Company, Memorandum and Articles of Association has been prepared in conformity with Section 8 of the Companies Act, 2013
4.      Form INC-12 i.e. Application for Grant of License under Section 8 of Companies Act, 2013
5.      Statements of Assets and Liabilities

The most important thing that need to understand before company registration as Section 8 Company is ground of Application must be charitable purpose or with the object of promotion of arts, science, commerce, sports, education protection of environment etc.


 

5 comments:

  1. Can u provide me the formats of the documents required for incorporation of Section 8 company?/

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