#Didyouknow? 12 key features w.r.t Non- Profit Organization under Section 8 of Companies Act, Drafted by CS Pranit Ponkshe

Drafted by CS Pranit Ponkshe

  1. The General Meeting of Section 8 Company can be conducted with Notice of 14 Clear days instead of 21 days.


  1. Revised SS-1 & SS-2 is not applicable. Provisions of Companies Act, 2013 will prevail.


  1. ₹ 2000/- is required to pay for License Application ( form INC-12).


  1. Incorporation through spice mode is applicable to Section 8 Company also ( upto 7 Subscribers Only ).


  1. Section 8 Company may have any number of Directors.


  1. If a Person holding office as a Director in more than 20 Companies Can still be appointes as Director in a Section 8 Company.


  1. Board Meeting Quorum Requirement :-                                                                                        Eight Directors or 1/4th of Total Strength – Whichever is Lower Subject to minimum of 2.


  1. There should be minimum 1 Board Meeting within every Six Calendar Months.


  1. Appointment of Independent Director is not Compulsory.


  1. Provisions w.r.t. Nomination & Remuneration Committee is not applicable.


  1. Amalgamation of Section 8 Company shall be with Another section 8 Company having Similar Objects.


  1. Income & Expenditure  Estimation for Next 3 Financial Years is also a Mandatory attachment of form INC-12.

* Disclaimer:- This File is only for Knowledge Sharing Purpose. Author has no responsibility for Impact & Consequences of this Information. The Author is not directly or indirectly liable for any damage due to the above information. Do Consult your Professional adviser for Queries.

Show More

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *