NON-PROFIT COMPANY

1. What is a Non-Profit Company?

Non-Profit Company (Section 8 company) is one which is formed with objectives of promoting commerce, art, science, sports, education, research, social welfare, religion, charity, protection of environment or any such other object. As the name suggest such Company can’t distribute its profit as dividend to its members but can only use its profit for promoting its objects. This Non-Profit Company can be commenced either in the form of Pvt. or Public Company This Company shall enjoy all the privileges and be subject to all the obligations of limited companies. A Non-Profit Company is similar to a Trust or Society but it has higher credibility amongst donors, Government departments and other stakeholders.

2. Requirements of Incorporating Non-Profit Company ?

  1. Obtain Digital Signature Certificate-The first step towards inc. of a Non-Profit Company is getting DSC for intended directors (Min.2 and Max. 15 directors for Private Company and Min. 3 and Max. 15 for Public Company).
  2. Obtaining Director Identification No.- After getting DSC, DIN (Director Identification No.) is obtained for intended directors.
  3. Approval of Company’s name- After DSC and DIN, the next step is to take name approval. A minimum of one and Maximum six proposed names can be submitted in order of preference and available name will be approved.
  4. License- Once, the name is approved; a license must be obtained from Central Government allowing the Company to get registered.
  5. Registration of Company- Final step towards incorporating a Company is to get it regd. with state RoC.

3. Documents Required ?

  1. Recent Two Passport Size Photographs of each director/subscriber.
  2. PAN Card (Self Attested & Certified by Gazetted officer/Notary) of each director/subscriber.
  3. Address Proof (Passport/Driving License/Voter id/Aadhaar card) (Self Attested & Certified by Gazetted officer/Notary) (Details should match the details of PAN) of each director/subscriber.
  4. Residential Proof of Subscribers– (Bank Statement /Electricity/Telephone/Mobile Bill, (Self Attested) of each director/subscriber.
  5. Copy of Utility Bill of Proposed Reg. office (Telephone/Mobile/Electricity/Gas Bill) (Not Older than 2 months & Notarized)
  6. Land Line No. of Proposed Regd. Office.
  7. Projected Income & Expenditure Statement for next 3 years.
  8. Other Forms/Documents required are to be Provided/Prepared by us.

4. Time Required for Company Incorporation ?

Baxi Corporate would get the company incorporated within 7-10 working days subject to RoC processing time

5. Pricing ?

For Pricing and other details Click  

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