Section 8 Company to Private Company Conversion

    - Get your section 8 Converted into Private Company at just @24,999/-
    - Work Handled by professionals
    - Within 1-2 months.

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Documents Cost Process FAQs

What is Section 8 Company to Private Company Conversion

A section 8 companies is established in order to encourage and nourish the act of arts, commerce science, sports, education, research, social welfare, religion, charity, protection of environment or any such other objective. The Section 8 companies fall under the Companies Act 2013 which would be registered as an Non Governmental Organization. If promoters want to convert their section 8 company to a profit distributing private company then the same can be achieved by filing a application of conversion to regional Director of the region under whose jurisdiction the Company is situated. Conversion of Section 8 Company to any other form of Company is a very tedious work and requires lots of liasioning with various authorities including Commissioner of Income Tax (CIT), Charity Commissioner, Secretary of state, ROC and RD. A copy of notice convening the Extra Ordinary General Meeting (EGM) has to be send via courier or delivered by hand to these authorities, and if any objections then have to be sorted out. At Unilex Consultants we provide you a hassle free registration process which would be dealt by our professionals within a time frame of 1-2 months and is subjective to governmental processing time. Our team takes care of the documentation and aids in provide you the realistic estimation of cost.

Documentation for Section 8 Company to Private Company Conversion

EGM notices and documents

MOA and AOA

Declarations and Affidavits

Process involved in registering a Section 8 Company to Private Company Conversion

1

Passing Special Resolution

2

Application to Regional Director

3

Newspaper Advertisement

4

New Incorporation Certificate

Requirements for Section 8 Company to Private Company Conversion

    - All the financial statements and annual returns has to filed upto date prior making the application to the RD.
    - A declaration has to be made by all the Directors, that no income of the Company has been distributed amongst its members, or any persons claiming through them.
    - A certificate from the practicing CA/CS/CWA, stating that all the rules and regulations related to the conversion has been complied with has to be attached.

Unique Features of Section 8 Company to Private Company Conversion

    - After the conversion, the company cannot claim any privileges and exemptions, by virtue of being registered under section 8 of companies act, 2013.
    - If company any has acquired any kind of immovable property at any concessional rate from the government, then the difference from the market price that time has to be paid.
    - In case of any unutilized income or accumulated profits of the company brought forward from the previous year shall be utilized for the purpose of settle outstanding dues, or any amount due to creditors, suppliers or loans advanced by promoters or members or any amount due to them and in case of any balance it shall be transferred to the Investor Education & Protection Fund within 30 days of conversion.

FAQs About Section 8 Company to Private Company Conversion

Can section 8 company be converted to One person Company (OPC)?
No, it cannot be converted, as prohibited under section 8 of companies act, 2013.
Is, it mandatory to serve notice to various authorities for conversion?
Yes, it is mandatory and the proof of service is also required to be attached while making application to RD.
Is new certificate of incorporation issued after conversion of Company?
Yes, after all the due diligence, if the Registrar is satisfied then he will issue a new certificate of incorporation to company.
Is the company be given opportunity of being heard before rejecting application?
Yes, The company shall be given an opportunity of being heard before rejecting the application or imposing any conditions.

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Well with highly qualified professionals in our team along with the technology gives edge over others, as a result highly rated professional services with full customer satisfaction is assured. We help to grow and manage your business letting you to concentrate on your business.

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