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The common forms of not-for-profit Organisations In India are Societies , Trust and Section 8 Companies.
Section 8 companies are registered under companies act regulated by Ministry of corporate affairs.
You can register section 8 company for registering an NGO and operate all over India. There is more flexibility in NGO in form of section 8 company as compared to society and trust.
Benefits registering a NGO in form of Section 8 Company:
Section 8 Company Registration are limited companies formed under the Companies Act having limited liability of members. Such company can be formed with just two persons if formed as a private limited company and can operate in any state without any additional formalities.
Following are the process to set up Section 8 (Limited company):
Getting Digital Signature of Directors
Getting a DIN ( Director Identification Number )
Name Availability Check & Application for Name Reservation/ Approval
Make Application to central government for grant of License under section 8 and get the License
File Incorporation application for getting Registration Certificate
Following are the documents required:
1. Five Photograph (JPEG format) 2. Proof of identity 3. proof of residence;
In case of Proof of identity
In case of Indian nationals, PAN is a mandatory requirement for proof of identity.
In case of Proof of residence
Address proofs like electricity bill, telephone bill , mobile bill or Bank statement and should be in the name of applicant only
