By structure, NGO registration can be of three types:
• Trust;
• Society;
• Section 8.
But in this blog, we will study the simple steps involved in the NGO registration under Section 8 Company. But before we leap on that, let’s first understand the meaning of NGO and Section 8 Company.
What is NGO?
NGO is abbreviated as Non-Governmental Organizations and isn’t a part of the government. Typically, an NGO is independent of government and self-governing body. It is also known as a Non-Profit Organization. Generally, the prime business of an NGO is to provide support to an underprivileged section of the society and the work for the advancement of different issues like social, educational, legal, cultural, environmental, and more.
Meaning of Section 8 Company
A Section 8 Company is a company registered under Section 8 of Indian Companies Act, 2013 (or old Section 25(1) (a) & (b) of the Indian Companies Act, 1956, a section-25). Mainly, these companies have the principal objective of encouraging healthcare, social welfare, religion, art, commerce, science, sports, safety, research, charity, protection of the environment, and more.
Generally, the name of Section 8 Companies ends with words like Institution, Foundation, Association, Federation, etc.
Steps for NGO Registration under Section 8 Company in India
Step1: Procure DSC to sign documents
It is quite imperative for the applicant to obtain DSC (Digital Signature Certificate). Digital Signature is required to sign documents or incorporation form while filing e-forms on MCA portal. Also, a digital signature is one of the most secure and authentic ways of submitting documents online.
Documents required for obtaining DSC for directors are as follows:
• A copy of PAN card
• Driving license/Passport/Aadhaar Card/Voters’ Identity Card
• Duly filled and signed Digital Signature Form
Step2: Application for name approval
The ROC (Registrar of Companies) will approve the name of the proposed company. One can obtain the approval from ROC through an application submission in RUN. The maximum of two names can be submitted in order of their preference. Name approval will take 1-2 working days.
Step3: Filing an application for License under Section 8
The next step to NGO registration under Section 8 Company registration is to get a license under Section-8. For this, the applicant is supposed to file constitutional documents, MOA (Memorandum of Association) and (AOA) Articles of Association, as a draft with ROC with necessary documents in Form INC 12 which will issue the company license under Section-8.
Step4: Incorporation Application with ROC
As we know that every proposed director in a company must possess DIN (Director Identification Number), for fresh DIN no separate application form is required to be filed and one can directly apply for DIN in the incorporation form. Prior to this, a separate application form was required to be filed with ROC for obtaining DIN.
After filing of Form INC-12, one needs to file an incorporation form (SPICE) with ROC. After uploading and payment of required stamp duty and government fee, the incorporation form would be accessible to ROC. The ROC will check the form and if everything is correct including the name of the company, the ROC will approve the company.
After the approval of ROC, the applicant will receive the certificate of incorporation of the company and the NGO registration under Section-8 will be done. Along with, the applicant will also get the PAN and TAN of the company.
Source url – http://aakk750351.moonfruit.com/ngo-registration/4594471021