In 20 days sitting at your home
|Formation of Non Profit/Section 25 company|
Section 25 Company or a Non-Profit organization (NPO) is a Company established for promoting commerce, art, science, religion, charity or any other useful object, provided the profits, if any, or other income is applied for promoting only the objects of the company and no dividend is paid to its members.
An NPO/NGO can be formed for promotion of any useful object like sports, education, research activities etc. The term No Profit does not mean that the Company cannot generate profit or income, but it essentially means applying the income for further promotion of the object and not for distributing it to the promoters. It means that the Company can earn profits but the promoters cannot be benefited out of those profits.
Steps involved in formation of Section 25 Company/ Non-Profit organization
DIN Approved DIN is a pre-requisite for incorporation process
|3||Pre- Name Application Search|
|4|| Application for Name Availability
|5||Representations before RoC on behalf of Promoters|
|6||Application to Regional director (RD) for issue of License|
|7||Representations before RD in case of any objections|
|9||Documents required (after issue of license by RD)
|10|| Final Process:
|In case of NPO being a Public Limited Company|
|11||Application for Certificate of Commencent of Business