ANNUAL COMPLIANCES FOR SECTION 8 COMPANIES
Key Compliance Requirements for Section 8 Companies
Presented by NYAY SARTHI INDIA FILINGS
As registered NGOs under the Companies Act 2013, Section 8 companies must strictly maintain:
Mandatory Compliances:
✔ Income Tax Department regulations
✔ Registrar of Companies (RoC) filings
Non-Compliance Consequences:
• Penalties up to ₹1 lakh annually
• Temporary blacklisting of company/directors
NYAY SARTHI INDIA FILINGS ensures seamless compliance to protect your NGO’s legal status.
SECTION 8 COMPANY
Understanding Section 8 Companies
By NYAY SARTHI INDIA FILINGS
Section 8 companies are purpose-driven entities established to advance:
✔ Arts & Commerce
✔ Education & Sports
✔ Social Welfare
✔ Research Initiatives
✔ Environmental Protection
Key Features:
Permitted profit generation
Mandatory profit reinvestment
No dividend distribution to members
NYAY SARTHI INDIA FILINGS provides expert guidance on Section 8 company formation and compliance.
INSTANT COMPLIANCE AFTER INCORPORATION
Key Compliance Timelines for Section 8 Companies
Presented by NYAY SARTHI INDIA FILINGS
1. Auditor Appointment
✓ Mandatory within 30 days of incorporation
✓ Ensures proper financial record-keeping
2. Board Meetings
✓ First meeting within 30 days post-incorporation
✓ Minimum 2 meetings annually (every 6 months)
3. Annual General Meeting
✓ First AGM within 9 months of financial year-end
✓ Subsequent AGMs as per regulatory schedule
NYAY SARTHI INDIA FILINGS ensures timely compliance for your Section 8 company’s smooth operations.
PROCESS OF COMPLIANCES OF SECTION 8 COMPLIANCES
Essential Compliance Filings for Section 8 Companies
By NYAY SARTHI INDIA FILINGS
1. Form ADT-1
Auditor appointment notification
Must be filed within 15 days of appointment
2. Form DIR-2
Director consent declaration
Required within 30 days of appointment
3. Form MR-1
Managing director appointment details
Filing deadline: 60 days post-appointment
NYAY SARTHI INDIA FILINGS ensures accurate and timely submission of all compliance forms
REPORTS OF ANNUAL GENERAL MEETINGS
Compliance Solutions for Section 8 Companies
By NYAY SARTHI INDIA FILINGS
Key Filing Requirements:
✔ Form AOC-3: Distribute audited financials to members 30 days pre-AGM
✔ Form MGT-15: Submit AGM report within 30 days post-meeting
✔ Forms AOC-3 & AOC-4: File approved financials within 30 days of AGM
✔ Form MGT-7: Annual return filing within 60 days of AGM
Our Technology-Driven Approach:
Automated compliance management system
Seamless government-authority coordination
Transparent process tracking
Expert Support:
• Dedicated compliance specialists
• 24/7 advisory for tax and regulatory queries
• End-to-end documentation handling
NYAY SARTHI INDIA FILINGS ensures hassle-free compliance for your Section 8 company.
Exemptions under Section 8 companies
Key Advantages of Section 8 Companies
Presented by NYAY SARTHI INDIA FILINGS
Flexible Structure:
✓ No minimum paid-up capital requirement
✓ Company secretary appointment optional
Director Benefits:
• Unlimited number of directors permitted
• No mandatory independent directors
• Directorships don’t count toward directorship limits
Simplified Governance:
No compulsory committees:
✗ Nomination & Remuneration Committee
✗ Stakeholder Relationship Committee
NYAY SARTHI INDIA FILINGS helps leverage these benefits for your Section 8 company setup.
Tax compliance
Tax Compliance for Section 8 Companies
By NYAY SARTHI INDIA FILINGS
Tax Treatment:
• Standard corporate tax applies
• Partial exemptions available for qualifying income
Exemption Requirements:
Section 12A Registration
File Form 10A with Principal Commissioner
Section 11 Compliance
Meet all stipulated conditions
80G Approval
Submit Form 10B for donor tax benefits
Our Comprehensive Services:
✓ End-to-end tax compliance management
✓ Advanced tech platform for seamless filings
✓ Transparent processes with real-time updates
✓ Expert advisory for all tax queries
NYAY SARTHI INDIA FILINGS ensures your Section 8 company maximizes tax benefits while maintaining full compliance.