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REGISTER NGO
SECTION 8 COMPANY
WHAT IS NGO?
NGO is registered 'for promoting commerce, art, science, sports, education, research, social welfare, religion, charity, protection of environment or any such other object', and profits, if any, or other income is applied for promoting only the objects of the NGO.
NGO Registration can be of three types
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Company under Section 8 of Companies Act, 2013.
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Society under Society Registration Act, 1860.
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Trust under Indian Trust Act.
Section 8 Company is registered with Central Government's Ministry of Corporate Affairs while a Trusts and Societies are registered under State Government regulations.
WHAT IS SECTION 8 COMPANY?
Section 8 company is the most popular form of NGO registration and has more credibility among donors, government and other stakeholders. It has more benefits than traditional charitable institutions (i.e., Society and Trust) and is registered under the Companies Act, 2013. It is easy to register, run and manage.
The main objective of Section 8 Company is to promote arts, sports, commerce, science, religion, social welfare, charity and environmental protection. Section 8 company can be registered both as a private limited company or a public limited company.
After registration of Section 8 Company, following registration are required to be taken to avail all benefits of NGO:-
1. Section 12 A Registration.
2. Section 80 G Registration.
3. DARPAN Registration,
4. Registration to undertake CSR activities,
5. FCRA Registration.
SECTION 8 COMPANY VS TRUST & SOCIETY
POINTS OF
COMPARISON
SECTION 8 COMPANY VS TRUST & SOCIETY
SECTION 8 COMPANY
TRUST SOCIETY
Registration with Government Authority
Section 8 Company is registered with Central Government, Ministry of Corporate Affairs (MCA).
Trust & Society is registered with State Government, Charity Commissioner.
Transparency & Flexibility in work
Flexible & transparent to operate.
Flexible & transparent is low.
Recognition & Legal Standing
Improved recognition and better legal standing.
Low recognition & legal standing.
Donation Grant, subsidy
Donation, grants & subsidy is comparatively high.
Donation, grants & subsidy is comparatively Low.
Governance
Better Governance of Board of Director
Governance is poor of Managing Committee.
Changes in director, trustee & members.
Changes in director & member is easy within few days.
Changes in trustee & member is complex & takes time.
Foreign Contribution Regulation Act (FCRA) Registration.
Most Preferred for FCRA Registration
Less Preferred for FCRA Registration
Changes in Registered Office
Changes in Registered Office is easy.
Changes in Registered Office is difficult.
Cost
Rs. 25-30 thousand
Rs. 15-20 Thousand
Time taken
15-20 days
45 days to 6 Months
DOCUMENTS FOR REGISTRATION OF PRIVATE LIMITED COMPANY
DOCUMENTS OF DIRECTORS/MEMBERS
(FOR MINIMUM 2 MEMBERS)
Passport size photo.
PAN Card.
Aadhar Card or Passport or Voter Id or Driving License (Any two).
Copy of Bank Passbook, Bank Statement, Mobile Bill or Telephone Bill (not more than 2 months old).
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DOCUMENTS OF REGISTERED OFFICE ADDRESS
Electricity or Phone Bill or Mobile Bill of office address.
Landlord NOC (Format will be provided).
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OUR PACKAGE
ALL INCLUSIVE PACKAGE INCLUDES
Digital Signature Certification of 2 Director.
DIN of 2 Directors.
Unique Name Search & Approval.
Authorized Share Capital of upto 10 Lakhs.
Incorporation Certificate, MOA & AOA.
Section 8 Company License to operate NGO
PAN Number & TAN Number.
Bank Account Opening Documents.
PF & ESIC Registration
Professional Tax Registration
Government Fees.
Stamp Duty.
Professional Fees.
Advise from Expert.