Documents Required for Section 8 Company Registration

Following are some crucial documents required for the Registration of Section 8 Company:

Identity/Address proof of Directors or Shareholders:

Passport-size photographs of Directors/Shareholders
Copy of DL or Voter ID
Copy of latest bank statement & utility bills
Copy of Aadhar Card
Copy of Passport (In case of NRI or Foreign National)

Address proof of Registered Office:

Copy of latest electricity bill water bill or gas bill (not older than 2 months)
In the case of a rented office, a Rent Agreement is required
NOC from the property owner

Procedure for Section 8 Company Registration

Following is the step-by-step procedure for Section 8 Company Registration:

Step 1: Obtain DSC & DIN:

First, the applicant needs to obtain a Digital Signature Certificate of the proposed Directors. Once they receive DSC, file Form DIR-3 with ROC for obtaining DIN. The identity & address proof should be attached for getting DSC. Once DIR-3 is approved, the Registrar of Companies will allot a DIN to the proposed Directors.

Step 2: Filing of INC-12 Application Form:

After getting DSC and DIN, the next step is to file Form INC-12 with the Registrar of Companies to apply for a Licence under Section 8 Company along with the attachment of the required documents. Once the form is approved, a Licence under Section 8 Company will be issued in Form INC-16.

Step 3: Filing of SPICe+ Form:

After getting a License under Section 8, you need to file an SPICe+ Form with the Registrar of Companies (ROC) for the Registration along with the vital documents.

Note: Once the Registrar of Companies is satisfied with the forms submitted, he or she issues a CoI (Certificate of Incorporation) along with a Unique CIN.

Penalties for Non-Compliance

As per the Companies Act, if the Company fails to comply with the legal provisions, then the Central Government will cancel the License for Section 8 Company. If the Company’s objectives are conducted fraudulently or in violation of the objectives for which it is established, the license can be canceled. In case a Company fails to comply with the provisions of the Companies Act, then the Company will be punishable with a fine not less than Rs. 10 lakhs & may extend to Rs. 1 crore. The Officers & Directors of the Company in default of the provisions will be punishable with a fine not less than Rs. 25,000 which may extend to Rs. 25 lakhs or both.

Documents Required for Section 8 Company Registration