Section-8 company is a company which is registered under the companies act, 2013 with the objective of social welfare, the motive of this company is to promote or working in the development of society, commerce, literature, education, research and development, protection of earth and environment, protection of all living creatures, sports, etc. The company cannot share or distribute its profit among the shareholders of the company, they can only use the money for the achievement of the objective of the company. The section-8 company can be registered either as a private limited or public limited as per its choice or requirement, if it is registered as a private limited then a minimum of 2 persons are required as a director and shareholder but if it is starting as the public limited then minimum 3 persons are required as a director and 7 as a shareholder. The section-8 company gets many advantages in companies to act as well as income tax act and other several laws, in companies act the advantages are like exemption in the use of “Private Limited” or “limited” at the end of the name, the company can send the notice for AGM at least 14 days before rather than 21 clear days, or in holding board meetings, etc.
Documents Required:
FOR SHAREHOLDER/DIRECTOR
1. PAN
2. Passport size photo
3. Id Proof
4. Address proof
FOR REGISTERED OFFICE ADDRESS
1. Property proof like sale deed, house tax receipt, rent agreement or any other document
2. Utility bill like electricity bill/telephone bill/mobile bill/gas bill, any one of them
3. NOC from the person whose name is mentioned in the bill
Procedure to register Section-8 company
1. Name Application: The name application should be sent to the registrar for name reservation, and it should be noted that the name which is applied should be unique and not similar to the existing company. The section-8 company can use the words like “Foundation”, “Association”, “Organization”, “Sansthan”, etc. at the end of the name there is no need to write “private limited” or “limited” at the end. Once the name is approved it will be valid for 20 days and in between these days a final form should be submitted otherwise the name will get expired and again a new application shall have to be filed for name reservation.
2. DIN & DSC: All the directors must have Digital Signature (DSC) before registration of section-8 company because the form can be signed only by the DSC. Earlier it was mandatory to have DIN for registering the company but now there is no need to have DIN at the time of registration because now the DIN can be applied directly with the company registration and in the same form, the registrar will allot the DIN at the time of issuance of the certificate.
3. Drafting of Documents: Once the name is approved there are few documents that are needed to be drafted and then it should be signed by the proposed director of the company. These documents will be submitted to the registrar along with the forms.
4. License Application: Earlier there is a separate form that needs to be file for grant of license this form was submitted after the name approval but before the registration application because the copy of the license has to be submitted to the registrar for issuance of the certificate. Now this step is eliminated and now the license application is filed along with the registration form and it is granted with the certificate.
5. Final Form: After all, above procedure a final form submitted to the registrar along with all the required documents and information and fees. If the registrar is satisfied with the details and documents provided in the form then he will issue a certificate of incorporation to the company along with the DIN of the directors, PAN of the company and license for operating social welfare activity.
Section 8 company registration is an online procedure in which the person can register their Non-profit organization.
The section-8 company operates only for the welfare of the society, and to help the unprivileged section of the society.
To register section 8 company minimum of 2 persons are required and it will take around 10-12 days to get the certificate of incorporation.
Register Experts help in getting the certificate and license of the section-8 company without any hidden charges or fees.
We are the top-rated company in google for Trademark Registration, Private Limited Company registration and compliances, FSSAI registration, GST registration and return filing, and other services in India.
The Global PVC Window Profile Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.
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The Global Polyvinyl Alcohol Fibers Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.
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According to a research report "Cognitive Assessment and Training Market by Assessment Type (Pen- and Paper-Based, Hosted, Biometrics), Component, Application (Clinical Trial, Screening & Diagnostics, Brain Training, Academic Research), Vertical, and Region - Global Forecast to 2021", published by MarketsandMarkets, the cognitive assessment and training market size is expected to grow from USD 1.98 Billion in 2016 to USD 8.06 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 32.3%.Browse 63 market data tables and 47 figures spread through 150 pages and in-depth TOC on "Cognitive Assessment and Training Market - Global Forecast to 2021"The major forces driving this market are aging global population, increasing awareness about brain fitness, and advancements in technology.
The growing market for cognitive solutions and increasing demand for brain training by next-generation tech-savvy population are contributing to the growth of the cognitive assessment and training market.Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1039Clinical trials in terms of application is expected to hold the largest market share in the cognitive assessment and training market during the forecast periodClinical trials are mainly used to identify, measure, or monitor cognitive impairments and cognitive changes.
The assessment of cognitive functions is an integral part of decision-making during clinical drug development, as certain drugs can have an impact on the cognitive capabilities of the brain.
The market is expected to contribute the highest revenue for vendors offering clinical trials.Education vertical is expected to grow at the highest CAGR in the marketCognitive assessment solutions and services are used in the education vertical for screening prospective candidates for schools or colleges.
The leading cognitive assessment and training vendors for this vertical are Pearson Assessment and CogniFit.North America is expected to contribute to the largest market share and Asia-Pacific to grow at the highest CAGRNorth America is expected to hold the largest market share and to dominate the cognitive assessment and training market from 2016 to 2021, due to the increasing awareness among population about adopting medication for cognitive diseases.
The new generation in this region is more concerned toward the benefits of cognitive training, which is not just limited to patients with cognitive dysfunctions.
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