- Article of Association of the company
- Memorandum of Association of the company
- DSC or Digital Signature Certificate
- Certificate of Incorporation of Section 8 Company
NPO/Section 8 Company Annual Filing
All you need to know
What is a Non-Profit Organization / Non Government Organization?
- A Non-Profit Organization means a trust, company or other association of persons, that is established and incorporated for a public purpose.
- The income and property of such organization are distributive neither to its members nor to office bearers except as reasonable compensation for services rendered.
- In India, NGO includes all kinds of Non Profit Organization i.e. Trust, Society and Section 8 Company.
- In a Charitable Trust at least two people are required, there is no limit of maximum members.
- In society, a minimum of seven members are required to be members.
- A non-profit Company can also be registered under section 8 of the Companies Act with the Registrar of Companies.
- Other names for such not-for-profit organizations are “Sangathan”, “Sangh”, “Sangam”. Income tax exemption is available for all non-profit NGOs.
Annual Compliance of NPO / NGO / Section 8 Company
Section 8 Company is registered under the Companies Act, 2013. Hence the Section 8 Company has to comply with the Compliance mentioned in the said act for the companies. It is necessary for the Section 8 Company to follow the compliances prescribed by the Ministry of Corporate Affairs.
Advantages of Section 8 Company Annual Compliance
- Regular Compliance fulfillment provides the Section 8 Company with the better credibility or trustworthiness.
- It also helps Company to raise funds for the causes that the Section 8 Company.
- Also, the regular Annual Return Filing ensures the continuous existence of the organization.
- Being Compliant and adhering to the Annual Compliance needs may protect the company from getting in to all types of legal trouble.
- Also, it helps the Section 8 Company in protecting itself from penalties and punishments.
- The main objective of Section 8 Company is to form trust among its customers, being regular in filing annual return helps the company achieve this objective.
Why caagrawalkanhere as Service Provider for Your Section 8 Company Annual Filing?
Entire team of caagrawalkanhere consists of Highly qualified CA, CS, Lawyers and business administrators. caagrawalkanhere would be a one stop destination for Company Compliance / ROC Compliance and filing and entire gamut of Professional and advisory services in India. caagrawalkanhere has also come up with E-Retainer Concept, which is more than just Virtual CFO Services. Our Retainership Packages will absolve you of all worries of taking care of book-keeping, returns filing, advisory, HR, Payroll, Vendor Management and many other legal compliances. You may get in touch with our compliance manager on 0755 276 1432 or email at info@caagrawalkanhere.com for free query and to know more about the services provided by us.
List of Major Annual Compliance for Section 8 Company
Points to make your decision easy
- Form MGT 7: The Section 8 Company Company requires to file Annual Return in Form MGT-7 regarding the latest information about the directors and shareholders of the Section 8 Company.
- Form AOC 4: Form AOC-4 needs to be filed for filing Financial Statements in with the Balance Sheet, Profit and Loss Account, Directors’ Report, Cash Flow Statement, Auditor’s Report, and the Consolidated Financial Statement.
- Form DIR 8: Every Director of the Section 8 Company has to file the disclosure of non-disqualification in each Financial Year.
- Form ADT 1: The auditor for the Company shall be appointed by the Board of Directors within a period of 30 (thirty) days from the Date of Incorporation of the Company. The appointment shall be filed in ADT-1.
- DIR-3 KYC: All directors are required to file a form to do the KYC with the ROC in form DIR 3 KYC, if you have already submitted the form then one needs to verify the OTP over email and mobile no. otherwise all new director needs to submit this form.
- Form DPT 3: The Return of Deposit should be filed before the Registrar of Companies in FORM DPT-3.
Documents required for Annual Compliance for Section 8 Company / NGO / NPO
Process of Section 8 Company Annual Filing
Complete your Annual compliance in 5 Easy Steps
1
Complete Simple Checklist
2
Submit Documents
3
Notice, Director Report, Forms are prepared
4
Filing of Annual Compliance Forms
5
You receive acknowledgement
Simple Checklist
A Compliance Manager will get in touch with you to remind you about your due date of various due dates for Annual Compliance filing forms and obtain your documents along with a simple checklist. You need to fill up that checklist and submit along with your documents for processing.
Preparing forms
Once we have the documents for the processing of Annual Compliance, our expert team will verify documents and proceed with return preparation. Throughout the process, your dedicated Compliance Manager will keep you updated on the progress of your Section 8 Company Annual Filing Process.
Filings done
We will get your Annual Compliance Filing Forms reviewed from you before filing the same with Registrar of Companies. Once you approve it, we will file the Annual Compliance Forms online. Upon successful filing, we will send you the acknowledgment receipt via email to your registered email ID.
FAQs On NPO/Section 8 Company Annual Filing
Get answers to all your queries
The annual return is filed every year along with the Balance Sheet, P&L Account and other documents. It is different from the income tax department and it’s governed by the Ministry of Corporate Affairs.
As the Foreign Contribution and Regulation Act, 2010, a Section 8 Company must comply with special requirements to receive any funds or contributions or donations from overseas or from outside India. When a Section 8 Company wishes to receive funds from foreign countries, it requires to get FCRA Registration.
Yes, CA Agrawal’s packages for ROC filing fees are inclusive of the government fees for company return filings.
First, the Annual Compliance for Section 8 Company is mandatory. Secondly it provides the benefits of filing compliances are Avoid Penalties, Building Trust, Transparency of Operations, Avoid and Legal Issues, and Increases credibility.
The Annual return can be submitted by any of its directors but it shall be duly signed by both the directors of the COMPANY and by the Manager or Company Secretary. There are certain cases when there is no Manager/ CS in a COMPANY in such situations signature of both the directors is compulsory.
