{"id":47440,"date":"2023-10-31T15:52:02","date_gmt":"2023-10-31T10:22:02","guid":{"rendered":"https:\/\/www.cagmc.com\/?p=47440"},"modified":"2024-05-29T16:47:07","modified_gmt":"2024-05-29T11:17:07","slug":"section-8-company-in-jodhpur","status":"publish","type":"post","link":"https:\/\/www.cagmc.com\/blog\/section-8-company-in-jodhpur\/","title":{"rendered":"Navigating the path of the Process of incorporation of section-8 Company in Jodhpur"},"content":{"rendered":"<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone wp-image-47540 size-full\" title=\"Navigating the path of the Process of incorporation of section-8 Company in Jodhpur\" src=\"https:\/\/www.cagmc.com\/blog\/wp-content\/uploads\/2023\/10\/Navigating-the-path-of-the-Process-of-incorporation-of-section-8-Company-in-Jodhpur-1.png\" alt=\"Navigating the path of the Process of incorporation of section-8 Company in Jodhpur\" width=\"1200\" height=\"630\" srcset=\"https:\/\/www.cagmc.com\/blog\/wp-content\/uploads\/2023\/10\/Navigating-the-path-of-the-Process-of-incorporation-of-section-8-Company-in-Jodhpur-1.png 1200w, https:\/\/www.cagmc.com\/blog\/wp-content\/uploads\/2023\/10\/Navigating-the-path-of-the-Process-of-incorporation-of-section-8-Company-in-Jodhpur-1-300x158.png 300w, https:\/\/www.cagmc.com\/blog\/wp-content\/uploads\/2023\/10\/Navigating-the-path-of-the-Process-of-incorporation-of-section-8-Company-in-Jodhpur-1-1024x538.png 1024w, https:\/\/www.cagmc.com\/blog\/wp-content\/uploads\/2023\/10\/Navigating-the-path-of-the-Process-of-incorporation-of-section-8-Company-in-Jodhpur-1-615x323.png 615w, https:\/\/www.cagmc.com\/blog\/wp-content\/uploads\/2023\/10\/Navigating-the-path-of-the-Process-of-incorporation-of-section-8-Company-in-Jodhpur-1-400x210.png 400w, https:\/\/www.cagmc.com\/blog\/wp-content\/uploads\/2023\/10\/Navigating-the-path-of-the-Process-of-incorporation-of-section-8-Company-in-Jodhpur-1-292x153.png 292w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">The vibrant city like Jodhpur, where tradition meets with modern culture, and social welfare continues to thrive. The process of <\/span><b>Section 8 Company incorporation checklist<\/b><span style=\"font-weight: 400;\"> is for those, who motivate the society and make a positive impact on it. As per the Companies Act, 2013, a <\/span><b>Section 8 Company<\/b><span style=\"font-weight: 400;\"> is not for making a profit because it is set for the promotion of charity and noble purposes. In this article, we will help you in the process of incorporation of <\/span><b>Section-8 Company<\/b><span style=\"font-weight: 400;\"> in Jodhpur. Furthermore, there will be eligibility criteria for required documentation for incorporation of <\/span><b>Section-8 Company<\/b><span style=\"font-weight: 400;\"> in Jodhpur.\u00a0<\/span><\/p>\n<p style=\"text-align: justify;\"><b>Table of Content<\/b><\/p>\n<table style=\"width: 100%;\">\n<tbody>\n<tr>\n<td style=\"border: 1px solid#000000;\">\n<ul>\n<li><a href=\"#brief\"><strong>Brief about Section-8 Company\u00a0<\/strong><\/a><\/li>\n<li><a href=\"#eligibility\"><strong>Eligibility Criteria for Incorporation of Section 8 Company in Jodhpur<\/strong><\/a><\/li>\n<li><a href=\"#documents\"><strong>Documents required for incorporation of Section 8 Company in Jodhpur<\/strong><\/a><\/li>\n<li><a href=\"#process\"><strong>Process of incorporation of Section-8 Company in Jodhpur<\/strong><\/a><\/li>\n<li><a href=\"#end\"><strong>End Notes<\/strong><\/a><\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2 id=\"brief\" style=\"text-align: justify;\">Brief about Section-8 Company<\/h2>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">The <\/span><a href=\"https:\/\/www.cagmc.com\/section-8-company-compliance\/\" target=\"_blank\" rel=\"noopener\"><b>Section-8 Company<\/b><\/a><span style=\"font-weight: 400;\"> is a kind of non-profit organization set up as per <\/span><b>Section 8 of the Companies Act, 2013<\/b><span style=\"font-weight: 400;\">. The primary motive of this company is to promote specific purposes like art, sports, social welfare, science, education, religion, research, and more. This legal framework is generally designed for organizations that have philanthropic, charitable and non-profit motives. There are certain key features of <\/span><b>Section 8 Company<\/b><span style=\"font-weight: 400;\"> involved:<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li><b>Limited liability: <\/b><span style=\"font-weight: 400;\">The company\u2019s members have limited liability, which means at the time of financial liabilities the personal assets of members will be protected.<\/span><\/li>\n<li><b>Non-profit purpose: <\/b><span style=\"font-weight: 400;\">The company does not provide profits to their members as income obtained must be reinvested in the organization\u2019s purposes.<\/span><\/li>\n<li><b>Board of Directors: A <\/b><span style=\"font-weight: 400;\">Board of directors are must in companies, that can manage the company\u2019s affairs.<\/span><\/li>\n<li><b>Required licenses: <\/b><span style=\"font-weight: 400;\">There must be a need to obtain a license from the central government<\/span><b>, <\/b><span style=\"font-weight: 400;\">before incorporation. Also, it is necessary to get approval from the authorities.<\/span><\/li>\n<li><b>Compliances: <\/b><span style=\"font-weight: 400;\">The <\/span><b>Section-8 Companies<\/b><span style=\"font-weight: 400;\"> must follow the statutory regulations, file annual returns, and maintain proper accounts with the <\/span><span style=\"font-weight: 400;\">Registrar of Companies<\/span><b>.<\/b><\/li>\n<\/ul>\n<h2 style=\"text-align: justify;\">Eligibility Criteria for Incorporation of Section 8 Company in Jodhpur<\/h2>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">There are certain eligibility criteria required to incorporate a <\/span><b>Section-8 Company<\/b><span style=\"font-weight: 400;\"> in Jodhpur:<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Objectives:<\/b><span style=\"font-weight: 400;\"> The primary motive of a <\/span><b>Section 8 Company<\/b><span style=\"font-weight: 400;\"> must be to promote social welfare, culture, art, charitable, educational, scientific, religious, environmental protection, or any other nonprofit objectives. The company&#8217;s purpose must be clearly defined and for the benefit of the public.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>License:<\/b><span style=\"font-weight: 400;\"> Before incorporating, one needs to attain a license from the Central Government as per <\/span><b>Section 8 of the Companies Act, 2013<\/b><span style=\"font-weight: 400;\">. This license is essential and ensures that the organization is genuinely committed to nonprofit activities.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Minimum Number of Members:<\/b><span style=\"font-weight: 400;\"> A <\/span><b>Section 8 Company<\/b><span style=\"font-weight: 400;\"> can be formed with a minimum of two members. However, for larger organizations, having more members is common.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Directors:<\/b><span style=\"font-weight: 400;\"> In <\/span><b>section 8 Company<\/b><span style=\"font-weight: 400;\"> one must have two directors to manage the company\u2019s affairs.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Name Selection:<\/b><span style=\"font-weight: 400;\"> The <\/span><b>Section 8 Company\u2019s<\/b><span style=\"font-weight: 400;\"> name must be different and should not be similar\/ identical to the existing registered one. It must also include the words &#8220;Section 8&#8221; or &#8220;Limited&#8221; at the end.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Registered Office:<\/b><span style=\"font-weight: 400;\"> Must have a registered office in India, as well as Jodhpur, where all the official notifications and communications can be done.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Legal Compliance<\/b><span style=\"font-weight: 400;\">: The organization must adhere to all the provisions of the Companies Act, 2013, and related regulations. This includes holding regular meetings, maintaining proper records, and filing annual returns.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Restrictions on Profits<\/b><span style=\"font-weight: 400;\">: The organization cannot distribute its profits among its members. Any income generated should be used for the charitable objectives of the company.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Assets and Profits Utilization<\/b><span style=\"font-weight: 400;\">: All assets and profits must be utilized exclusively for promoting the company&#8217;s charitable objectives. No member or director should benefit financially from the company&#8217;s activities.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Tax Exemption:<\/b><span style=\"font-weight: 400;\"> To avail of tax benefits under Section 12A and <\/span><a href=\"https:\/\/www.cagmc.com\/section-80g-of-the-income-tax-act\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Section 80G of the Income Tax Act, 1961<\/span><\/a><span style=\"font-weight: 400;\"> the organization must apply for and obtain these registrations after incorporation.<\/span><\/li>\n<\/ul>\n<h2 id=\"documents\" style=\"text-align: justify;\"><b>Documents required for incorporation of Section 8 Company in Jodhpur<\/b><\/h2>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Here are certain documents needed for incorporation of <\/span><b>Section-8 Company<\/b><span style=\"font-weight: 400;\"> in Jodhpur:<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li><a href=\"https:\/\/www.cagmc.com\/moa-and-aoa-of-a-company-under-companies-act-2013\/\" target=\"_blank\" rel=\"noopener\"><b>Memorandum of Association (MOA):<\/b><\/a> <span style=\"font-weight: 400;\">The MOA is a crucial document that outlines the objectives, mission, and purpose of the <\/span><b>Section 8 Company<\/b><span style=\"font-weight: 400;\">. It should specifically state the charitable or nonprofit objectives that the company aims to achieve.<\/span><\/li>\n<li><b>Articles of Association (AOA): <\/b><span style=\"font-weight: 400;\">The AOA defines the internal rules, regulations, and operational procedures of the company. It must be drafted as per the Companies Act, 2013 provisions.<\/span><\/li>\n<li><b>Declaration by Promoters\/Directors: <\/b><span style=\"font-weight: 400;\">They have to provide the declaration, in which mentioning that they are not disqualified from being directors as per the Companies Act, 2013.<\/span><\/li>\n<li><b>Estimate of Income and Expenditure: <\/b><span style=\"font-weight: 400;\">This is an essential document for the licensing process.<\/span> <span style=\"font-weight: 400;\">It gets the idea of future expenditure and annual income of the Company.<\/span><\/li>\n<li><b>Statement of Assets and Liabilities: <\/b><span style=\"font-weight: 400;\">This gives the idea of the company&#8217;s financial standing, where listing the assets and liabilities of the company.<\/span><\/li>\n<li><b>Promoter\u2019s Resolution: <\/b><span style=\"font-weight: 400;\">A resolution\u2019s copy can be passed by promoters, including their intention to make a Section 8 Company.<\/span><\/li>\n<li><b>License under Section 8: <\/b><span style=\"font-weight: 400;\">Form INC-12 must be submitted to apply for a license under <\/span><b>Section 8 of the Companies Act, 2013<\/b><span style=\"font-weight: 400;\">. This form includes details about the company&#8217;s proposed activities and objectives.<\/span><\/li>\n<li><b>PAN Card and Identity Proof: <\/b><span style=\"font-weight: 400;\">Copies of PAN cards and identity proofs (e.g., <\/span><a href=\"https:\/\/www.cagmc.com\/how-to-update-your-details-on-aadhar-card\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Aadhar card<\/span><\/a><span style=\"font-weight: 400;\">, passport, voter ID) for all proposed directors and members.<\/span><\/li>\n<li><b>Address Proof: <\/b><span style=\"font-weight: 400;\">Proof of the registered office&#8217;s address, which may include a utility bill, rental agreement, or ownership documents.<\/span><\/li>\n<li><b>NOC from the Landlord: <\/b><span style=\"font-weight: 400;\">If the registered office is leased or rented, a NOC from the landlord is required.<\/span><\/li>\n<li><b>Director Identification Number (DIN)<\/b><b> for Directors: <\/b><span style=\"font-weight: 400;\">DIN is necessary for directors, and an application for the same should be included in the incorporation documents.<\/span><\/li>\n<li><b>Digital Signatures: <\/b><a href=\"https:\/\/www.cagmc.com\/how-to-apply-for-instant-pan-card\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Digital signatures<\/span><\/a><span style=\"font-weight: 400;\"> of the proposed directors are required for filing documents electronically with the Ministry of Corporate Affairs.<\/span><\/li>\n<li><b>Affidavit and Consent of Directors: <\/b><span style=\"font-weight: 400;\">An affidavit affirming compliance with all legal requirements and consent to act as a director.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">Also Read: <\/span><a href=\"https:\/\/www.cagmc.com\/how-to-apply-for-instant-pan-card\/\" target=\"_blank\" rel=\"noopener\"><b>How to apply for an Instant Pan Card?<\/b><\/a><\/li>\n<\/ul>\n<h2 id=\"process\" style=\"text-align: justify;\">Process of incorporation of Section-8 Company in Jodhpur<\/h2>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">The necessary steps need to be followed to incorporate the <\/span><b>Section-8 Company<\/b><span style=\"font-weight: 400;\"> in Jodhpur:<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li><span style=\"font-weight: 400;\">Obtain DSC and DIN;<\/span><\/li>\n<li><b>Reservation of Name: <\/b><span style=\"font-weight: 400;\">The company\u2019s name must be submitted with an application to the RoC for reservation of name.\u00a0<\/span><\/li>\n<li><span style=\"font-weight: 400;\">Draft a MOA and AOA;<\/span><\/li>\n<li><b>Obtain a license under Section 8: <\/b><span style=\"font-weight: 400;\">One can apply for a license under <\/span><b>Section 8 of the Companies Act, 2013.<\/b><span style=\"font-weight: 400;\"> There is a requirement to file an <\/span><a href=\"https:\/\/www.mca.gov.in\/MCA21\/dca\/downloadeforms\/eformTemplates\/NCA\/Form_INC-12.pdf\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">INC-12 Form with the RoC<\/span><\/a><span style=\"font-weight: 400;\">.\u00a0<\/span><\/li>\n<li><b>Documents for incorporation<\/b><span style=\"font-weight: 400;\">: These are mentioned above in the present article.<\/span><\/li>\n<li><b>Application for PAN and TAN<\/b><span style=\"font-weight: 400;\">: After the successful incorporation, there is a need to apply for the permanent account number and <\/span><a href=\"https:\/\/www.cagmc.com\/understanding-the-provisions-compliances-of-tan-tds\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Tax deduction and collection account number<\/span><\/a><span style=\"font-weight: 400;\"> for your <\/span><b>Section 8 Company<\/b><span style=\"font-weight: 400;\">.\u00a0<\/span><\/li>\n<li><b>Registration under Section 12A\/80G: <\/b><span style=\"font-weight: 400;\">In case, <\/span><b>Section 8 Company<\/b><span style=\"font-weight: 400;\"> wishes to avail of tax exemptions, one can apply for section 12A registration for income exemption and also for donors to avail tax benefits under section 80G.\u00a0<\/span><\/li>\n<li><b>Compliances: <\/b><span style=\"font-weight: 400;\">Make sure that one can comply with all regulatory and statutory needs such as annual general meetings, regular board meetings, filing annual returns and managing proper accounts.\u00a0<\/span><\/li>\n<\/ul>\n<h2 id=\"end\" style=\"text-align: justify;\">End Notes<\/h2>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">A <\/span><b>Section 8 Company<\/b><span style=\"font-weight: 400;\"> in Jodhpur is not just a legal process, but a commitment to a society&#8217;s welfare. By the dedication of individuals, who are passionate about several social causes, the <\/span><b>Section 8 Companies<\/b><span style=\"font-weight: 400;\"> in Jodhpur contribute effectively to the growth and welfare of the community. The journey of incorporation includes various legal formalities and paperwork, but it is a rewarding one. The efforts one can make on this path have the potential to improve lives, lasting change, and leave a mark on the city.\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The vibrant city like Jodhpur, where tradition meets with modern culture, and social welfare continues to thrive. The process of [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":47540,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[73],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Section-8 Company in Jodhpur - Goyal Mangal &amp; Company<\/title>\n<meta name=\"description\" content=\"In this article, we will help you in the process of incorporation of Section-8 Company in Jodhpur. 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