File Annual Returns
For NGO / NPO / Section 8 Company
Every NGO / NPO or Section 8 Company must file returns on an annual basis. Make your Producer company ROC compliant with Thinkbiz Filings. Prices start at INR 9,999/- only.
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ROC Annual Filing for NGO / NPO / Section 8 Company
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What is a Non-Profit Organization / Non Government Organization?
- A Non-Profit Organization means a trust, company or other association of persons, that is established and incorporated for a public purpose.
- The income and property of such organization are distributive neither to its members nor to office bearers except as reasonable compensation for services rendered.
- In India, NGO includes all kinds of Non Profit Organization i.e. Trust, Society and Section 8 Company.Β Β
- Β In a Charitable Trust at least two people are required, there is no limit of maximum members.
- In society, a minimum of seven members are required to be members.
- A non-profit Company can also be registered under section 8 of the Companies Act with the Registrar of Companies.
- Other names for such not-for-profit organizations are βSangathanβ, βSanghβ, βSangamβ. Income tax exemption is available for all non-profit NGOs.
Annual Compliance of NPO / NGO / Section 8 Company
Section 8 Company is registered under the Companies Act, 2013. Hence the Section 8 Company has to comply with the Compliance mentioned in the said act for the companies. It is necessary for the Section 8 Company to follow the compliances prescribed by the Ministry of Corporate Affairs.
Advantages of Section 8 Company Annual Compliance
- Regular Compliance fulfillment provides the Section 8 Company with the better credibility or trustworthiness.
- It also helps Company to raise funds for the causes that the Section 8 Company.
- Also, the regular Annual Return Filing ensures the continuous existence of the organization.
- Being Compliant and adhering to the Annual Compliance needs may protect the company from getting in to all types of legal trouble.
- Also, it helps the Section 8 Company in protecting itself from penalties and punishments.
- The main objective of Section 8 Company is to form trust among its customers, being regular in filing annual return helps the company achieve this objective.
Why Thinkbiz Filings as Service Provider for Your Section 8 Company Annual Filing?
Entire team of Thinkbiz Filings consists of Highly qualified CA, CS, and business administrators. Thinkbiz Filings would be a one stop destination for Company Compliance / ROC Compliance and filing and entire gamut of Professional and advisory services in India. Thinkbiz Filings has also come up with E-Retainer Concept, which is more than just Virtual CFO Services. Our Retainership Packages will absolve you of all worries of taking care of book-keeping, returns filing, advisory, HR, Payroll, Vendor Management and many other legal compliances. You may get in touch with our compliance manager onΒ 09704561215or emailΒ info@Thinkbizfilings.com Β for for free consultation.
Fees for Annual Compliance for Section 8 Company
Cost of Compliance in India
BASIC
- Annual Filings for Company having Authorized Capital of Rs 1 Lakhs and turnover upto Rs. 50 Lakhs
- AOC 4 Filing
- MGT 7 Filing
- ADT 1 Filing
- Professional certification on MGT-7 & AOC-4
OPTIMAL
- Accounting and Book-keeping
- Financial Statement Preparation
- Drafting Notice and Director's Report
- AOC 4 Filing
- MGT 7 Filing
- ADT 1 Filing
- Annual Filings for Company having Authorized Capital of Rs 5 Lakhs, turnover upto Rs. 50 Lakhs and upto 100 accounting transactions
- One Year Income Tax filing upto turnover of Rs. 50 Lakhs
- 2 DIR-3 KYC
- Professional certification on MGT-7 & AOC-4
ULTIMATE
- Accounting and Book-keeping
- Financial Statement Preparation
- Drafting Notice and Director's Report
- AOC 4 Filing
- MGT 7 Filing
- ADT 1 Filing
- Annual Filings for Company having Authorized Capital of Rs 5 Lakhs, turnover upto Rs. 50 Lakhs and upto 200 accounting transactions
- One Year Income Tax filing upto turnover of Rs. 50 Lakhs
- 2 DIR-3 KYC
- Professional certification on MGT-7 & AOC-4
Compliance Requirements for a Partnership Firm
Income Tax Return
GST Compliances
TDS Compliance
Accounting
Tax Audit (if applicable)
Firm Updates
Documents Required for Partnership Firms
Quick Checklist
- PAN card of all partners of the firm.
- Aadhaar/Passport/Voter ID/Driving License of all partners.
- Latest utility bill, rent agreement, or ownership proof of the firmβs office.
- Latest bank statements of partners.
- Recent photos of all partners.
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FAQs On NPO/Section 8 Company Annual Filing
- A Section 8 Company is a Non-Profit Organization (NPO) registered under the Companies Act, 2013 in India. It is formed for promoting charitable activities like education, arts, science, and social welfare.
- Yes, a Section 8 Company must comply with annual filing requirements under the Companies Act, 2013.
- π Non-compliance may result in: β Late filing penalties β Suspension of tax benefits β Possible disqualification of directors β Striking off the company by the ROC (Registrar of Companies)
- A Section 8 Company must file: β AOC-4 β Financial Statements (Balance Sheet & Profit and Loss Account) β MGT-7 β Annual Return (Details of directors, members, and governance) β DIR-3 KYC β KYC of Directors β Income Tax Return β Filing of ITR-5 β Audit Report β Mandatory if annual turnover exceeds βΉ50 lakh
- AOC-4: Within 30 days from the AGM (usually by 30th October) π MGT-7: Within 60 days from the AGM (usually by 29th November)
- Yes, every Section 8 Company must get its accounts audited by a Chartered Accountant.
- No, if registered under Section 12A of the Income Tax Act. However, any income that does not align with charitable purposes may be taxable.
- The Ministry of Corporate Affairs (MCA) mandates that the Directors sign some application documents using their Digital Signature. Hence, a Digital Signature is required for all Directors of the proposed Company. Digital Signature application is to be filed to get a DSC.
- Yes, a Foreign National or an NRI can become a Director of a Private Limited Company in India after obtaining Director Identification Number (DIN). However, it may be noted that at least one Director on the Board of Directors must be a Resident India.
- Thinkbizfilings provides Proprietorship Registration all across India. You can obtain Proprietorship registration in Hyderabad, Vijayawada,Pune, Bangalore, Chennai, Delhi, Kolkata, or any other cities easily with us.
- Donβt worry!! Our expert will help you to choose the best suitable plan for you. Get in touch with our team to get all your queries resolved. Write to us at info@thinkbizfiling.com or call us @+91 970 456 1215