The issue of licence and incorporation of companies to pursue charitable and other prescribed objects, with limited liability without addition of the word “Limited” or the words “Private Limited” to its name are regulated by Section 8 of the Companies Act, 2013.
1. The application for reservation of name shall be made in Form INC – 1. 2. Preparation of the memorandum of association of the proposed company shall be in Form INC – 13. 3. Application in Form INC 12 on behalf of a person or an association of persons (“the proposed company”), desirous of incorporating a company with limited liability under sub-section (1) of section 8 without the addition to its name of the word “Limited”, or as the case may be, the words “Private Limited”.
1. Draft memorandum and articles of association of the proposed company. 2. Declaration in Form INC – 14, by an Advocate, a Chartered Accountant, Cost Accountant or Company Secretary in practice, that the draft memorandum and articles of association have been drawn up in conformity with the provisions of section 8 and rules made thereunder and that all the requirements of the Act and the rules made thereunder relating to registration of the company under section 8 and matters incidental or supplemental thereto have been complied with. 3. An estimate of the future annual income and expenditure of the company for next three years, specifying the sources of the income and the objects of the expenditure. 4. The declaration by each of the persons making the application in Form INC - 15.