Here are the steps required to start a compnay under a section 8 Company:
• DSC
First, obtain the Digital Signature Certificate (DSC) of all the directors and promoters of the company, just in case they don’t have a similar. For obtaining DSC, an application is created to the certifying authority.
• DIN
Secondly, obtain the directors number (DIN)for all the directors of the corporate .
• Name Approval
For name approval, an application are going to be filed in Form INC-1 to the registrar of a corporation . Maximum six names are often provided for the name approval by the applicant. An approved name is valid for 60 days. it’s required for section 8 companies to incorporate words like foundation, association, forum, council, chambers, etc. in accordance with the company, incorporation rules 2014.
• Draft MOA & AOA
After name approval, subsequent step is to draft MOA & AOA then it’s required to file it to ROC with other documents for the license under section 8 of the companies act, 2013. The MOA & AOA must be signed by the subscribers of the memorandum.
• Application for License
Form INC 12 is filed with the ROC for the issuance of a license to the section 8 company under the companies Act, 2013.
1. Self attested copy of PAN Card (Foreign Nationals & NRIs)
2. Self attested copy of Voter’s ID/Passport/Driver’s License
3. Self attested copy of Latest Bank Statement/Telephone or Mobile Bill/Electricity or Gas Bill
4. Scanned passport-sized photograph
5. Sale Agreement, if owned or Rent Agreement, if rented
6. Scanned copy of No-objection Certificate from property owner
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• The list of the subsequent documents is required for incorporation of section 8 company:
• Identity Proof of all the directors – a duplicate of the PAN card (Mandatory);
• Address Proof –copy of Aadhar/ Driving License/ Passport/ Telephone Bill/ Electricity Bill.
• Passport size photograph of all the directors.
• Rent Agreement just in case the registered office of the company is on rent;
• Utility Bill of registered office;
• Form DIR-2 which is consent to act as director;
• Director’s interest in other entities.
A Section 8 Company needs to go with the annual compliance’s like other companies, and within the case of non-compliance, the company are going to be treated as a dormant company and it will be struck far from the register.
