The NGO Company, or Section 8 Company Registration in Bihar, or Section 25 Company, is a company registered under the Companies Act, 2013 for charitable or not-for-profit purposes. Start a section 8 NGO company ‘for promoting commerce, art, science, sports, education, research, social welfare, religion, charity, protection of the environment, or any other object’, provided the profits, if any, or other income is applied for promoting only the objects of the company and no dividend is paid to its members.

The NGO Company is similar to a Trust or Society but is registered under the Central Government’s Ministry of Corporate Affairs. Trusts and societies are registered under state government regulations. An NGO company under Section 8 has various benefits when compared to trust or society. NGO companies have improved recognition and better legal standing. NGO companies also have higher credibility among donors, government departments, and other stakeholders.

Process of Section 8 Company Registration in Bihar:

LegalChalo.com can register a Section 8 company registration online in 25 to 40 days, subject to ROC processing time.

Steps to register: section 8 company registration process

Step 1: Obtain DSC & DIN

A digital signature certificate (DSC) and Director Identification number (DIN) are necessary for the proposed Directors of the NGO Company. DIN and DSC can be created for the proposed Directors within 6 to 9 days.

Step 2: Name Approval & License

After we got DIN and DSC,. Then, for at least two directors, an application for reservation of name for a Section 8 company can be made to MCA. Then, the name is reserved, and a license must be obtained prior to incorporation.

Step 3: Section 8 Company Registration in Bihar

After we get the license, registration documents must be submitted to the MCA along with an application for registration. MCA will generally approve the application for incorporation in 6 to 9 days, subject to their processing time.

Documents for Section 8 Company Registration in Bihar:

(1) Aadhar card of the proposed director.

(2) PAN card of the proposed director.

(3) ID’s proof of all directors.

(4) Address proof of all directors.

(5) The passport-size photos of all directors.

Benefits of Section 8:

(1) Tax Exemption.

(2) The separate legal entity.

(3) No title is required.

(4) There is no minimum capital requirement.

(5) Increased Credibility.

(6) Eligibility Criteria for the Incorporation of the Sec 8 Company Act.

(7) Number of members.

(8) The number of directors.

External Government Website Link: MCA