Ward Registration

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Ward Registration

A not for profit company is a company incorporated on conditions that it shall not be entitled to distribute or pay to its members any dividends or any other moneys out of the profits earned or savings made for the attainment of any objectives.

Terms and conditions

Ward Registration

A not-for-profit company is a company established with the conditions that it shall not be distributing or paying any profit any dividends or any other money out of the profits earned or savings made for the attainment of any objectives to its members. It has non-commercial purposes of social well-being.

As per the Company Act, the minimum number of members required for registering a not-for-profit company is five (5) with no limit on the maximum number of members.

General objectives of a not-for-profit company

  1. To develop and promote any profession or occupation

  2. To protect the collective rights and interests of the persons engaged in a specific profession or occupation

  3. To carry on any enterprise for the attainment of any scientific, academic, social, benevolent or public utility or welfare objective on the condition of not distributing dividends.

Procedure for the registration of a not-for-profit company

 Step 1: Online registration of the proposed name as in the registration of other companies

Step 2: Submission of the memorandum of association and the article of association along with the application for registration

Step 3: After examination of all submitted documents, the Office of Company Register will issue a certificate of registration.

Step 4: Application for business registration at the concerned ward office 

Step 5: Application for permeant account number (PAN) registration at the concerned revenue office

Step 6: Registration at Social Welfare Council

A company receiving foreign grants is required to be registered with the Social Welfare Council. For a company not taking foreign grants, it is not compulsory to register.  

Documents Required For Ward Registration

A Copy of Company register certificate

A "Company Register Certificate" refers to a duplicate or replica of an official document that serves as proof of a company's legal registration and existence with the relevant government authorities. This certificate is issued when a business entity is formally incorporated or registered according to the laws and regulations of a specific jurisdiction.

A copy of PRABANDHAPATRA

"Prabandhapatra" could refer to an official administrative document or record that outlines the management or organizational structure of a particular institution, organization, or government body. It might detail the roles, responsibilities, and authorities of various individuals or departments within the entity.

A copy of NIYEMAWALI

In essence, "Niyemawali" serves as a formal document that helps maintain order, discipline, and consistency within a given context by establishing a clear set of rules and expectations that individuals are expected to follow.

A copy of Shareholders Citizenship

A "Shareholders Citizenship" typically refers to a document or record that provides information about the citizenship or nationality of individuals or entities who hold shares in a company or corporation. This document is often used for various legal and regulatory purposes, including compliance with laws and regulations related to foreign ownership or investment.

Company Stamp

A "company stamp" refers to a physical rubber or ink stamp that bears the official emblem, logo, or seal of a company or business entity. This stamp is used for various administrative and official purposes to imprint the company's unique identifier on documents and paperwork.

House Agreement

A "House Agreement" refers to a legally binding contract or document that outlines the terms and conditions agreed upon between a landlord and a tenant for the rental or lease of a residential property. This agreement is also commonly known as a "Rental Agreement," "Lease Agreement," or "Tenancy Agreement," depending on regional terminology.

Citizenship/PAN of Landlord

Citizenship/PAN of Landlord

2 copies of photo

photos

Location map

location of the ward

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