https://www.taxtmi.com/article/detailed?id=8699 Section 8 companies can be incorporated by conversion or direct SPICe filing, with licence numbers allotted at incorporation. Applicants must prove promotion of social welfare and prohibition of dividend distribution, and file constitutional documents, professional declarations, recent financial statements and reports where applicable, detailed asset and liability statements, a three year income and expenditure estimate, certified corporate resolutions, applicant declarations, and lists of promoters, directors and key managerial personnel. A public notice must be published and filed; the Registrar may require external approvals, exercise discretion in granting licences, impose licence conditions, and direct insertion of conditions into the memorandum or articles. en-us Thu, 29 Aug 2019 07:04:37 +0530 Thu, 29 Aug 2019 07:04:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=8699 Section 8 companies can be incorporated by conversion or direct SPICe filing, with licence numbers allotted at incorporation. Applicants must prove promotion of social welfare and prohibition of dividend distribution, and file constitutional documents, professional declarations, recent financial statements and reports where applicable, detailed asset and liability statements, a three year income and expenditure estimate, certified corporate resolutions, applicant declarations, and lists of promoters, directors and key managerial personnel. A public notice must be published and filed; the Registrar may require external approvals, exercise discretion in granting licences, impose licence conditions, and direct insertion of conditions into the memorandum or articles. Articles Corporate Laws / IBC / SEBI Thu, 29 Aug 2019 07:04:37 +0530 https://www.taxtmi.com/article/detailed?id=8699