Trust Regstration / Section 8 Company
Two DSC & Two DINs
Memorandum of Association (MOA)
Articles of Association (AOA)
Permanent Account Number (PAN)
NGO Identification Number
An NGO is started with the nonprofit objective. One can start an NGO for promoting education, sports, art, commerce, science, Technology, social research, social welfare, religion, charity & for protecting environment etc. An NGO can be registered in form of Trust, Society or Section 8 Company.
Generally, Trust, Society & Section 8 Company have similar features but Section 8 Company is always recommended for the big size projects such as an opening of Colleges, School, Universities, Sports Academy & Research Centre etc. due to which it has higher creditability amongst donors & other stakeholders. Hence, it is more recognized & has better legal standing in India.
A Section 8 Company with the help of G K Legal Solutions can be registered within 15-20 Working days only, subject to client document submission & Government processing time.
Benefits of Section 8 Company:
The type of activities undertaken by Section 8 Company as well as the utilization of finances can be tracked easily as its functioning is very transparent in nature. Hence, Section 8 Company, unlike Trust or Society, once registered its information is easily available in the records of the Ministry of Corporate Affairs (MCA).
Section 8 Company’s periodical compliance requirement to be complied with on a timely basis, the organization secures a high level of credibility among the potential donors. This makes the Section 8 Company more recognizable amongst the Donors & other stakeholders etc.
Generally, Government introduces many schemes, grants & subsidies for the NGOs. Hence, there is a high possibility of receiving such grants because of its recognition & transparency.
In Section 8 company, by altering the composition of Board of Directors the management can easily be transferred from on Individual to another.
Documents required for Section 8 Company registration: