What is a Section 8 Company in Budgam?

A Section 8 Company registration in Budgam, under the Companies Act, 2013, is a legal entity established with the primary objective of promoting fields such as commerce, arts, science, sports, education, research, social welfare, religion, charity, protection of environment, or any other charitable objectives. These companies are registered as non-profit organizations (NPOs), and their profits are reinvested to further their objectives rather than being distributed as dividends.

Requirements for Section 8 Company Registration in Budgam

Eligibility Criteria

• Directors Required for Section 8 Company Registration in Budgam: Minimum of two directors (for a private limited) or three directors (for a public limited) are required.
• Members Required for Section 8 Company Registration in Budgam: Minimum of two members (for a private limited) or seven members (for a public limited).
• Profit Distribution in Section 8 Company Registration in Budgam: The profits or income should be applied only for the promotion of the objectives of the company and no dividend should be paid to its members.

Section 8 Company Registration Process in Budgam

Our streamlined section 8 company registration process in Budgam simplifies the journey from inception to incorporation. Here's a glimpse of what to expect:

1. Consultation and Document Collection for Section 8 Company Registration in Budgam: Our consultants guide you through the required documentation, ensuring all necessary papers are in order.
2. Digital Signature Certificate (DSC) for Section 8 Company Registration in Budgam: Obtain DSC for the proposed directors to sign digital forms.
3. Director Identification Number (DIN) for Section 8 Company Registration in Budgam: Apply for DIN for the proposed directors.
4. Name Approval for Section 8 Company Registration in Budgam: Submit the proposed company name for approval to the Ministry of Corporate Affairs (MCA) through the RUN (Reserve Unique Name) service.
5. License Application for Section 8 Company Registration in Budgam: Apply for a Section 8 Company license from the MCA, including the objectives and financial projections.
6. MoA and AoA Drafting for Section 8 Company Registration in Budgam: Prepare the Memorandum of Association (MoA) and Articles of Association (AoA) outlining the company's objectives and rules.
7. Incorporation Filing for Section 8 Company Registration in Budgam: Submit the incorporation form (SPICe+) along with the necessary documents to the MCA.
8. Certificate of Incorporation (COI) for Section 8 Company Registration in Budgam: Upon approval, the MCA issues the Certificate of Incorporation, along with the company's PAN and TAN.

Advantages of Partnering with CA ADDA for Section 8 Company Registration in Budgam

• Expert Guidance for Section 8 Company Registration in Budgam: Our experienced consultants provide personalized support and expert advice throughout the section 8 company registration process in Budgam.
• Customized Solutions for Section 8 Company Registration in Budgam: We tailor our services to meet your specific non-profit needs, ensuring a smooth and efficient section 8 company registration in Budgam.
• Comprehensive Supportfor Section 8 Company Registration in Budgam : From documentation to post-registration compliance of section 8 company in Budgam, we offer end-to-end support at every step.
• Regulatory Compliance for Section 8 Company Registration in Budgam: We ensure strict adherence to all regulatory norms and legal requirements, minimizing risks and ensuring compliance.
• Client Satisfaction: Our commitment to client satisfaction drives us to deliver exceptional service and results, exceeding your expectations.