File Annual Returns
For NGO / NPO / Section 8 Company
Annually, every NGO/NPO or Section 8 Company is required to file a return. Compliant with the ROC for your NGO / NPO / Section 8 Company
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ROC Annual Filing for NGO / NPO / Section 8 Company
What does a Non Government Organization (NGO) mean?
- Non-Profit Organization is a trust or company, or any other group of people, which has been established for a public cause.
- Income and property from such an organization is not distributed to members or officers except for reasonable compensation.
- In India, Non Profit Organization (NGO) includes all types of Non Profit Organizations i.e. Trust, Society, and Section 8 Company.
- In a Charitable Trust, at least two members are required. There is no limitation for members in a group.
- A minimum of seven people are needed to form a society.
- The Registrar of Companies can register a non-profit company under section 8 of Companies Act.
- These non-profit organizations can also be called “Sangathan”, “Sangh”, or “Sangam”. All non-profit organizations are eligible for income tax exemptio
Annual compliance of NPO/NGO/Section 8 company
The Companies Act of 2013 is the law that governs Section 8 Companies. The Section 8 Company must comply with the Compliances mentioned in said act. The Section 8 Company must follow the compliances set by the Ministry of Corporate Affairs.
Benefits of Section 8 Annual Compliance
- The Section 8 Company will gain more credibility and trust if they regularly comply with all the regulations.
- The Section 8 Company can also raise money for causes.
- The regular filing of Annual Returns ensures that the organization will continue to exist.
- The company can avoid legal problems by being compliant and adhering the annual compliance requirements.
- It also helps Section 8 Company to protect itself from penalties and sanctions.
- Section 8 Company’s main goal is to build trust with its customers. Being regular in filing the annual return will help achieve this.
List Major Annual Compliance for Section Eight Company
How to make a decision easier
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Name
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Details
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Form 7
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Section 8 Company Company must file an Annual Return on Form MGT-7 containing the most recent information regarding its directors and shareholders.
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Form AOC 4
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AOC-4 is required for the filing of Financial Statements with the Consolidated Financial Statement, Directors' Reports, Cash Flow Statements, Auditor's Reports, and Profit and Loss accounts.
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Form 1
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Within 30 days of the date of incorporation of the company, the Board of Directors shall appoint the auditor. The appointment must be made in ADT-1.
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Form 8
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Each Director of a Section 8 Company must file a disclosure of non-disqualification each Financial Year.
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DIR-3 KYC
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If you have already filed the form, then it is necessary to verify your OTP via email or mobile number. Otherwise, all new directors are required to submit this form.
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Form DPT-3
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Return of Deposit must be filed with the Registrar of Companies using FORM DPT-3.
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Section 8 Annual Filing Process
Simple Checklist
A Compliance Manager will contact you to remind you of the various deadlines for filing Annual Compliance forms. They will also provide you with a checklist and your documents. This checklist must be completed and submitted with the documents.
Preparing forms
Our expert team will begin return preparation once we receive the documents required for processing Annual Compliance. Our dedicated Compliance Manager will assign you to update on the progress of the Section 8 Annual Filing process on a regular basis.
Filings done
Before we file your Annual Compliance Forms with the Registrar of Companies, we will review them. We will then file the Annual Compliance forms online once you have approved it. We will send the acknowledgement receipt to your registered email address after successful submission.
Documents required for Annual Compliance for Section 8 Company / NGO / NPO
Article of Association of the company
Memorandum of Association of the company
DSC or Digital Signature Certificate
Certificate of Incorporation of Section 8 Company
FAQs of NGO / NPO File Annual Returns
What will happen if the Annual Return for a Section 8 Company is not filed?
Every year, the annual return along with other documents such as the P&L account and balance sheet is filed. The Ministry of Corporate Affairs is responsible for this department, which is separate from the Income Tax Department.
Can section 8 companies receive money from non-residents or overseas?
According to the Foreign Contribution and Regulation Act 2010, Section 8 Companies must meet special requirements in order to receive funds, contributions or donations coming from abroad or outside India. If a Section 8 Company wants to receive money from a foreign country, they must obtain FCRA registration.
Why should I comply with annual compliances?
The Annual Compliance for Section 8 Company must be filed. Second, it provides benefits of filing compliances such as Avoiding Penalties and Building Trust. Transparency of Operations. Avoiding Legal Issues. And Increasing Credibility.
Who is responsible for filing the annual return?
The annual return can be presented by any director, but must be signed by both directors and the manager or company secretary. In certain situations, there may not be a Manager/CS within a company. The signatures of both directors are required.
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