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ROC Filing For Section 8 Company In Bhopal

ROC filing for a Section 8 Company in Bhopal involves submitting annual returns and audited financial statements to the Ministry of Corporate Affairs (MCA). This ensures legal compliance, maintains the company’s active status, and secures continued eligibility for tax exemptions and funding opportunities.

ROC Filing For Section 8 Company In Bhopal

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Why Should I Use Auriga Accounting For ROC Filing For Section 8 Company In Bhopal ?

Auriga Accounting has a team of registration experts who can provide complete guidance to register your ROC Filing For Section 8 Company In Bhopal.

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Our team of experts will get in touch with you and collect all necessary documents and details

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Ready Your ROC Filing For Section 8 Company In Bhopal

Why Should I Use Auriga Accounting For ROC Filing For Section 8 Company In Bhopal ?

Auriga Accounting has a team of registration experts who can provide complete guidance to register your ROC Filing For Section 8 Company In Bhopal.

book appointment

Our team of experts will get in touch with you and collect all necessary documents and details

Resolve all your queries

We fill out and file your application for ROC Filing

Complete your registration

Ready Your ROC Filing For Section 8 Company In Bhopal

Overview - ROC Filing For Section 8 Company In Bhopal

Section 8 companies in Bhopal, registered as non-profit entities, must comply with ROC regulations starting with Digital Signature Certificates (DSCs) and Director Identification Numbers (DINs) for all directors. The process includes reserving the company name and applying for a Section 8 license through the MCA portal. After license approval, the SPICe+ form is filed for incorporation, resulting in the issuance of a Certificate of Incorporation. Post-incorporation, annual compliance requires filing Form AOC-4 for financial statements and Form MGT-7 for annual returns.

WHAT IS A SECTION 8 COMPANY?

A Section 8 Company is a type of Non-Governmental Organization (NGO) formed when a group or entity registers with the primary aim of utilizing its profits (if any) solely for promoting objectives such as education, art, commerce, charity, science, research, sports, environmental protection, social welfare, or religion. Although the term “Limited” is not used in its name, it is legally treated as a limited company under the Companies Act, 2013.

Eligibility Criteria for ROC Filing – Section 8 Company In Bhopal

  • Minimum Directors: A private Section 8 company requires at least 2 directors, while a public limited company must have a minimum of 3.

  • Resident Director: At least one director must be a resident of India, as per the Companies Act, 2013.

  • Non-Profit Objectives: The company must be formed for charitable purposes such as education, social welfare, environmental protection, art, or science.

  • Utilization of Profits: All income must be applied solely towards the company’s objectives. Profit distribution to members is strictly prohibited.

  • Digital Signature Certificates (DSC): All proposed directors must obtain valid Class 3 DSCs for electronically signing incorporation documents.

  • Director Identification Numbers (DIN): Every director must acquire a valid DIN through the MCA portal before company registration.

Advantages OF ROC Filing For Section 8 Company In Bhopal

  • Legal Recognition: Establishes the company as a legally recognized entity under the Companies Act, 2013.

  • Tax Exemptions: Enables the company to avail income tax benefits and other exemptions applicable to non-profits.

  • Enhanced Credibility: Increases trust among donors, government bodies, and stakeholders through transparent operations.

  • Limited Liability Protection: Safeguards the personal assets of members by limiting their liability to the extent of their contributions.

  • Access to Government & Foreign Funding: Improves eligibility for grants, CSR funds, and donations from both domestic and international sources.

  • Regulatory Compliance: Ensures timely adherence to statutory requirements and reduces the risk of penalties.

  • Perpetual Existence: Grants the company ongoing legal status, regardless of changes in membership or management.

Documents for ROC Filing of a Section 8 Company In Bhopal

  • Director Identity & Address Proof: Submit PAN, Aadhaar, Voter ID/Driving License, recent bank statement, and passport-size photographs for each director. For foreign nationals, a valid passport is mandatory. These documents are required for KYC and verification purposes.

  • Registered Office Documentation: Provide a copy of the rent agreement or ownership proof, along with a recent utility bill and a No Objection Certificate (NOC) from the property owner to verify the company’s registered address.

  • Company Incorporation Documents: Prepare and submit the Memorandum of Association (MOA), Articles of Association (AOA), Form INC-14 (professional declaration), along with valid DINs and DSCs for all proposed directors.

  • Additional Requirements: File the RUN application for name reservation, pay the applicable stamp duty, and apply for the company’s PAN and TAN after incorporation.

Online Process for ROC Filing For Section 8 Company In Bhopal

  1. Obtain DSC and DIN: Get a Digital Signature Certificate (DSC) for all proposed directors and apply for Director Identification Number (DIN) via Form DIR-3.

  2. Name Approval and License Application: Use the MCA’s RUN service website at www.mca.gov.in to reserve a unique company name, then file Form INC-12 with MOA and AOA for Section 8 license approval.

  3. File SPICe+ Form for Incorporation: Submit the SPICe+ form along with properly drafted MOA, AOA, and supporting documents to initiate incorporation.

  4. Receive Certificate of Incorporation: On approval, receive the Certificate of Incorporation (COI) and Company Identification Number (CIN) from the ROC.

  5. Obtain PAN and TAN: Apply for the company’s PAN and TAN immediately after incorporation for taxation purposes.

  6. Open Bank Account: Set up a company bank account in the name of the incorporated Section 8 company.

  7. Fulfill Annual Compliance: Ensure timely filing of annual returns (MGT-7), financial statements (AOC-4), and conduct statutory audits to stay compliant.

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2023-06-10
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2023-04-07
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