Trust Regstration / Section 8 Company
Package Inclusions
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Two DSC & Two DINs
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Name Reservation
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Memorandum of Association (MOA)
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Articles of Association (AOA)
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Permanent Account Number (PAN)
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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: