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    Sec 8 Charitable Trust

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    mohittinwar1234
    The document outlines the requirements and provisions for registering a non-profit organization or charitable trust as a Section 8 company in India. Key requirements include having objectives related to certain social causes and not paying dividends to members. The central government must provide approval for registration and can cancel the license if certain conditions are violated.

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    © All Rights Reserved
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    Sec 8 Charitable Trust

    Uploaded by

    mohittinwar1234
    9 views5 pages
    The document outlines the requirements and provisions for registering a non-profit organization or charitable trust as a Section 8 company in India. Key requirements include having objectives related to certain social causes and not paying dividends to members. The central government must provide approval for registration and can cancel the license if certain conditions are violated.

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    Sec 8 charitable trust

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    The document outlines the requirements and provisions for registering a non-profit organization or charitable trust as a Section 8 company in India. Key requirements include having objectives related to certain social causes and not paying dividends to members. The central government must provide approval for registration and can cancel the license if certain conditions are violated.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    9 views5 pages

    Sec 8 Charitable Trust

    Uploaded by

    mohittinwar1234
    The document outlines the requirements and provisions for registering a non-profit organization or charitable trust as a Section 8 company in India. Key requirements include having objectives related to certain social causes and not paying dividends to members. The central government must provide approval for registration and can cancel the license if certain conditions are violated.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 5

    SEC 8.

    NON-PROFIT MAKING ORGANIZATION/


    CHARITABLE TRUST
    PROVISIONS
    1. CONDITIONS FOR LICENSE :-
    WHEN THE CENTRAL GOVERNMENT IS
    SATISFIED ACCORDING TO FOLLOWING
    POINTS THEN MAY GRANT THE LICENSE TO
    SUCH PROPOSED COMPANY TO GET
    REGISTERED ITSELF AS A SECTION 8
    COMPANY.
    A. A COMPANY TO BE REGISTERED
    WITH THE OBJECT OF PROMOTION OF
    COMMERCE, ART, SCIENCE, SPORTS,
    EDUCATION, RESEARCH, SOCIAL
    WELFARE, RELIGION, CHARITY,
    PROTECTION OF ENVIRONMENT OR ANY
    OTHER RELATED OBJECT, OR
    B. WANTS TO APPLY ITS PROFIT OR
    OTHER INCOME IN PROMOTING ITS
    OBJECT, AND
    B. DOES NOT PAY ANY DIVIDEND TO ITS
    MEMBERS, ANY
    C. THE CENTRAL GOVERNMENT GIVES
    WRITTEN CONSENT TO REGISTER A
    COMPANY UNDER THIS SECTION OR
    D. IN CASE WHERE COMPANY GIVES
    APPLICATION TO REGISTER OR
    REGISTER ITSELF UNDER THIS SECTION
    OR
    E. IN CASE COMPANY GIVES
    APPLICATION TO REGISTER TO
    REGISTER ITSELF UNDER THIS SECTION
    AND REGISTRAR CAN GRANTS SUCH
    PERMISSION IF HE IS SATISFIED THAT
    ALL THE PROVISION OF THIS SECTION
    ARE SATISFIED.
    2. SEC 8 COMPANY SHALL BE LIMITED:-
    COMPANY REGISTERED UNDER THIS
    SECTION WIIL HAVE THE STATUS OF A
    LIMITED COMPANY AS REGISTERED U/S 7
    3. MEMBERSHIP:-
    A FIRM CAN BECOME THE MEMBER OF THE
    COMPANY NOT NECESSARY THAT ONLY
    INDIVIDUALS HAVE TO BECOME MEMBERS.
    4. AMENDMENT OF MOA OR AOA:-
    IN ORDER TO MAKE CHANGES IN
    MEMORANDUM AND ARTICLES OF THE
    COMPANY REGISTERED UNDER THIS
    SECTION PRIOR APPROVAL FROM CENTRAL
    GOVERNMENT IS REQUIRED TO BE TAKEN
    5. TRANSITION PROVISI3ON:-
    IF THE CENTRAL GOVERNMENT IS SATISFIED
    THAT A LIMITED COMPANY ALREADY
    REGISTERED UNDER THIS ACT AND ANY
    OTHER PREVIOUS LAW RELATED TO
    COMPANIES FULFILLS ALL THE CONDITIONS
    REQUIRED TO CALL ITSELF AS SECTION 8
    COMPANY THEN CG MAY GRANT SUCH
    COMPANY A LICENSE TO SECTION 8
    COMPANY SUBJECT TO CERTAIN
    RESTRICTIONS AS DISCUSSED ABOVE IN THE
    SUBSECTION (4).
    6. CANCEL LICENSE:-
    IF CENTRAL GOVERNMENT FEELS THAT:-
    A.THE COMPANY IS CONTRAVENING SOME
    OR ANY OF THE REQUIR EMENTS OF THIS
    SECTION, OR
    B.SOME FRAUDULENT ACT SEEMS TO BE
    CONDUCTED BY SUCH COMPANY, OR
    C.WHILE CONDUCTING ITS ACTIVITY THE
    COMPANY VIOLATES ITS OBJECT OR
    HARMS PUBLIC INTEREST.

    MEANING AND CONCLUSION .


    DOCTRINE OF ULTRAVIRUS
    THE COMPANY SHALL NOT WORK BEYOND THE
    POWERS OF ITS MOA AND AOA. THE MOA AND
    AOA ARE THE LIMITATIONS OF THE COMPANY
    WHICH ARE STATED AND APPROVED BY THE
    MEMBERS I.E. OWNERS OF THE COMPANY. THE
    COMPANY SHALL NOT WORK BEYOND THE
    SAME. ANY ACT DONW BEYOND THE MOA AND
    AOA WILL BE CONSIDERED AS VOID AB INITIO
    PROVISIONS
    CRIMINAL LIABILITY FOR MISSSTATEMENT
    WHEN PROSPECTUS INCLUDES ANY
    STATEMENT WHICH IS –
    UNTRUE OR MISLEADING IN FORM OR
    CONTEXT, OR
    WHERE ANY INCLUSION OR OMMISION OF ANY
    MATTER IS LIKELY TO MISLEAD

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