90,000+ Legal Questions Answered
A.Hi,
You can start a sports academy under section 8 of the Company act which Incorporates for the promotion of Commerce, Art, Science, Sports, Education, research, social welfare, religion, charity, protection of environment and intends to apply its profits if any in promoting its objects , not for-profit (NGO) under the Provisions of Section 8 Companies Act, 2013.
Requirements for Incorporation of Section 8 company :
Required Minimum two Directors
Required Minimum two Shareholders/Members
PAN, Aadhar Card and Latest Bank Statement Copy of All the Directors and Members
Work Proposed to be done, Grounds on which work will be done
Proposed Income and Expenditure Account for three years ( Expected receipts and payments )
Electricity Bill, Rent Agreement / NOC for Registered Office Address of the Company
Procedure for Incorporation of Section 8 Company:
Application for Obtaining Digital Signature of proposed Directors
Application of Obtaining Director Identification Number (DIN)
Name Approval Application to Registrar of Companies
Application for obtaining License for Section 8 Company
Application to Registrar of Companies for Incorporation of Section 8 Company
Documents Required for Opening Bank Account of Section 8 Company:
Certificate of Incorporation issued by ROC
Memorandum and Articles of Association of company
PAN of Company
Board Resolution for Opening of Bank Account and Authorizing One of the Directors or any other person to act as Authorized Signatory
You can start a sports academy under section 8 of the Company act which Incorporates for the promotion of Commerce, Art, Science, Sports, Education, research, social welfare, religion, charity, protection of environment and intends to apply its profits if any in promoting its objects , not for-profit (NGO) under the Provisions of Section 8 Companies Act, 2013.
Requirements for Incorporation of Section 8 company :
Required Minimum two Directors
Required Minimum two Shareholders/Members
PAN, Aadhar Card and Latest Bank Statement Copy of All the Directors and Members
Work Proposed to be done, Grounds on which work will be done
Proposed Income and Expenditure Account for three years ( Expected receipts and payments )
Electricity Bill, Rent Agreement / NOC for Registered Office Address of the Company
Procedure for Incorporation of Section 8 Company:
Application for Obtaining Digital Signature of proposed Directors
Application of Obtaining Director Identification Number (DIN)
Name Approval Application to Registrar of Companies
Application for obtaining License for Section 8 Company
Application to Registrar of Companies for Incorporation of Section 8 Company
Documents Required for Opening Bank Account of Section 8 Company:
Certificate of Incorporation issued by ROC
Memorandum and Articles of Association of company
PAN of Company
Board Resolution for Opening of Bank Account and Authorizing One of the Directors or any other person to act as Authorized Signatory
Helpful
Helpful
Share
Ayantika Mondal @ Prime Legal
Responded 3 years ago
A.Hi,
Section 8 Company is a Company Incorporated for the promotion of Commerce, Art, Science, Sports, Education, research, social welfare, religion, charity, protection of environment and intends to apply its profits if any in promoting its objects , not for-profit (NGO) under the Provisions of Section 8 Companies Act, 2013.
Requirements for Incorporation of Section 8 company :
Required Minimum two Directors
Required Minimum two Shareholders/Members
PAN, Aadhar Card and Latest Bank Statement Copy of All the Directors and Members
Work Proposed to be done, Grounds on which work will be done
Proposed Income and Expenditure Account for three years ( Expected receipts and payments )
Electricity Bill, Rent Agreement / NOC for Registered Office Address of the Company
Procedure for Incorporation of Section 8 Company:
Application for Obtaining Digital Signature of proposed Directors
Application of Obtaining Director Identification Number (DIN)
Name Approval Application to Registrar of Companies
Application for obtaining License for Section 8 Company
Application to Registrar of Companies for Incorporation of Section 8 Company
Documents Required for Opening Bank Account of Section 8 Company:
Certificate of Incorporation issued by ROC
Memorandum and Articles of Association of company
PAN of Company
Board Resolution for Opening of Bank Account and Authorizing One of the Directors or any other person to act as Authorized Signatory
Section 8 Company is a Company Incorporated for the promotion of Commerce, Art, Science, Sports, Education, research, social welfare, religion, charity, protection of environment and intends to apply its profits if any in promoting its objects , not for-profit (NGO) under the Provisions of Section 8 Companies Act, 2013.
Requirements for Incorporation of Section 8 company :
Required Minimum two Directors
Required Minimum two Shareholders/Members
PAN, Aadhar Card and Latest Bank Statement Copy of All the Directors and Members
Work Proposed to be done, Grounds on which work will be done
Proposed Income and Expenditure Account for three years ( Expected receipts and payments )
Electricity Bill, Rent Agreement / NOC for Registered Office Address of the Company
Procedure for Incorporation of Section 8 Company:
Application for Obtaining Digital Signature of proposed Directors
Application of Obtaining Director Identification Number (DIN)
Name Approval Application to Registrar of Companies
Application for obtaining License for Section 8 Company
Application to Registrar of Companies for Incorporation of Section 8 Company
Documents Required for Opening Bank Account of Section 8 Company:
Certificate of Incorporation issued by ROC
Memorandum and Articles of Association of company
PAN of Company
Board Resolution for Opening of Bank Account and Authorizing One of the Directors or any other person to act as Authorized Signatory
Helpful
Helpful
Share
Read Related Answers
police take our bike by driving
Dear Sir,
King can do no wrong, on such principles the Indian Government Departments are working. You may approach the Court and get release your vehicle legally under Section 451 and 457 of Cr.P.C.,...
Upgrad abroad scam
Dear Client,
In the given scenario, since the service provider UpGrad is providing service online mode, serving a legal notice, a complaint against them over deficiency in service and unfair trade pra...
Change in fathers surname
Dear Client,
Differences or anomalies in the name or surname of a person that appears differently in different documents may potentially cause problems in the future due to the lack of identity of th...
Remove travel ban
Dear Client,
Indian Embassy has been rendering all possible assistance to distressed Indian nationals who are facing travel bans imposed on them for various reasons including ongoing trial/ investiga...
Change cast
Dear Client,
In India, caste is inherited by a child from the father's family, not the mother. There is no provision for changing the Caste that he acquired from his biological father. But in certai...
Read Blogs on Administrative Law
Administrative Law Lawyers
Find Lawyers by Location
