Procedure To Register Section 8 Company In India

The section-8 company works only for social welfare without earning any profit. The main objective is to promote & development of society, protection of the earth, living creatures, environment and also promote education, arts, science, commerce, literature, etc. It is registered under companies act either as a private limited company or public limited company as required but there is no need to mention “private limited” or “limited” at the end of the name. It has all the features like private limited or public limited company Minimum of 2 people are required if it is started as a private limited company and 7 if it is started as a public limited company. There is no need to have any minimum capital amount to start section 8 company registration, it can be started with Rs. 100/- capital as well. The government will grant the license for social activity at the time of issuance of the certificate of incorporation which is valid until it is surrendered or revoked by the government itself. The registration is valid for the lifetime but to maintain the active status the company has to do annual compliances every year it includes ROC filing, ITR, KYC, preparation of balance sheet, profit & loss a/c, conducting board meeting and general meetings etc. if the company fails to do these compliances, then there is penalty provision which the company and directors have to face.

Documents Required For Section 8 company Registration:

Shareholder/ Director

PAN
Aadhar card
Id proof (driving license/ passport/ voter id); anyone
Address proof (electricity bill/ mobile bill/ telephone bill/ bank statement); anyone
Registered office address proof

Sale deed or house tax receipt if owned and rent agreement if rented
Utility bill (electricity bill/ mobile bill/ telephone bill/ gas bill); anyone
NOC from the person whose name is mentioned in the bill
NOTE: The address proof as mentioned above should be latest and not be older than 2 months.

Procedure to register the section-8 company:

Name Reservation: The name is a very important part of every company and it should be unique and reserved by the government as well. The section-8 company is exempted from using the word “private limited”, “Pvt Ltd”, “limited”, “ltd”, etc. at the end of their name instead of these words they can use “Foundation”, “Association”, “Organization”, etc.
Digital Signature Certificate: The Digital Signature is also known as DSC; it is equivalent to the physical signature and no forms can be filed until it is signed with the DSC. For DSC there are few verifications that the applicant has to make.
Drafting & Signing of Documents: After name approval, it is valid for 20 days only and the procedure must be completed on these days only. After the name is approved there are certain documents that shall be drafted and signed by the directors and shareholders of the company.
Submission of Final Form: After preparation of all documents as well as DSC then the only final form needs to file to the government along with all relevant and required documents and information. And if the registrar is satisfied with all the information and documents then they will issue Certificate of Incorporation, License, PAN, TAN, and DIN of the directors.

Factors Considered When Launching a New Product on the Market

When launching a new product, you have to make sure that your launch sequence appreciates the decision making process of your prospective customers. Avoid flashy, salesy launch sequences that repeat the message “buy my stuff” over and over. As you create your campaign, consider these two factors.

Factor #1: Customers do not buy your product just because you made it. Customers buy your product because it solves a problem in their lives.

Factor #2: Few people are going to buy your product the first time they hear about it. You have to give your marketing efforts time to take effect in your prospect’s mind.

Because of these two factors, your launch campaign has to acknowledge where your potential customer is in the buying process. Let’s take a look at the steps of the buying process:

Step 1: Awareness. This person has heard of your business, but may not know what you do. You did something right, because your business is familiar to them. Your responsibility is to encourage this person to learn more about your business by visiting your website or trying a sample.

Step 2: Interest. This person has taken a step to engage with your business. He has requested a free trial, come to a free event, or is a referral from another customer. This person is aware of what you do and has shown a level of interest that goes beyond casual awareness. Your responsibility is to better understand this person’s needs, offer an intelligent solution, and request the opportunity to follow-up and discuss further.

Step 3: Prospect. This person has given you permission to follow-up with him. He signed up for your newsletter or provided his contact information for a return call. Your job is to contact this person, establish a connection, and help them see how your product solves their problem.

Step 4: Customer. This person purchased something from your business. He decided that your product solves his needs and wants to put it to use. You have made the all-important first sale and now your job is to stay connected, collect survey feedback, and improve the buying experience.

Promotional Products Can Truly Advertise Vision Research Month

Aren’t you glad you can read this article from your computer screen? It means you have good eyesight, which is something that a lot of people may sometimes take for granted. If you think that paying close attention to eye care is important, then you must sign up for the activities organized for the celebration of Vision Research Month, which is to be celebrated this June. It is about time that we give this event some relevance and the use of promotional products as marketing tools will help make this effort a huge success.A lot of logo printed products sold nowadays can represent this particular occasion efficiently. If you take a look at some of the major promotional items websites, you’ll see a huge selection of promotional items which are ideal for any trade show use. You just need to find out which among these products is the best.This year’s celebration of Vision Research Month is sure to emphasize on yet another aspect of eye care. Promotional products such as personalized plastic cups that bear the official slogan of the event will surely help in orienting participants about the said affair. Aside from that, they can definitely bring in more perks:1. Introduce your own business – Using custom imprinted products will not only help promote the main event but it can also help advertise your own group as well. Have you been craving for some good old publicity? Well, you can definitely get it with the use of these items.2. Market your old and new products – You can take advantage of this occasion to advertise about your current and even classic products and services which you think would have a great use for your potential customers and clients. Just make sure that they are in line with the main event or else you won’t get that much of an impact.3. Strengthen business relationships – This can also be a chance to get back in touch with some former customers and clients and build new business relationships as well. Marketing events like trade shows and launching days are a great venue for network building. You’ll be able to interact and connect with different kinds of people in a more convenient and effective way.It seems like promotional products can really rake in a lot of benefits for both you and your customers and clients. If I were you, I’d grab this chance to get my business name recognized and remembered. Act now and get your company’s name out there!