Section 8 Companies exist to encourage arts, science, sports, research, education, religion, social welfare, and protection of the environment or any other objective. 

These companies have to follow compliance defined under the Companies Act,2013. Also, have to obey the compliance prescribed by MCA. Violation of any of the Section 8 Company compliances would result in paying a penalty to the Govt.

Annual Compliance for Section 8 Company  

Following are annual compliance of a Section 8 Company :

1. Appointment of An Auditor: Under Section 139 of the businesses Act 2013, companies must appoint an auditor. The book of accounts and annual returns of the corporation shall be audited by the statutory auditor who is going to be appointed for 5 years.
2. Maintenance of Statutory Registers: The Section 8 Company is required to take care of a statutory register consisting of members, loans obtained, charges created, its directors, etc. as enumerated under Section 8 Company of the businesses act 2013.
3. Convening Meeting: Annual general body meeting is to be conducted once a year within 6 months of the top of the monetary year and other board meetings need to be conducted.
4. Boards’ Report: The Board of Directors of the corporation shall appropriately file their boards’ report, consisting of all the financial statements and other annexures. The board report is required to be filed in Form AOC-4.
5. Preparation of monetary Statement of The Company: The company will get the record, profit and loss A/C, income statement and other financial statements prepared by the statutory auditor which is to be filed with ROC.
6. Tax Returns: The ITR is required to be filed at the top of each assessment year, before 30th September.
7. Filing of monetary Statements: The budget shall be filed within the appropriate form ( E-FORM AOC-4), within 30 days from the date of the annual general meeting,
8. Filing Annual Returns: The annual return containing all the knowledge like management details, shareholders’ details are going to be filed in Form MGT-7 with the Registrar of Companies (ROC), within 60 days of the annual general meeting.

What are the forms required to be filed for Annual Compliances?

AOC-4: Photocopy of the financial statements, accepted in the Annual General Meeting is to be submitted by a Section 8 company within 30 days of the meeting.

MGT-7: Annual returns must be filed by Section 8 companies within 60 days from the date of the annual general meeting.

Form ITR -6: It is an Income Tax Returns filing form.

What is the due date to file forms?

Within 30 or 60 days after the AGM is held.

How can we help you?

These compliance can be made online. One can file an application on the official website of Online Legal India ™ . Our highly qualified CA/CS and 10+ years of experienced lawyer team will assist to comply with the legal filings of Section 8 Company. We provide service for people willing to venture into a company,business or any other kind of organization.

Apart from getting registered with MCA, any business personnel must also register with the following formalities.

• GST,TAX
• Accounting
• Trademark Registration
• Import Export Code (to enter foreign markets).

We have the best minds in the industry for business incorporation. We deliver Digital Assistance round the clock to provide a hassle free section 8 company.