We often plans to form a NGO (Non Government Organization) for carrying out activities of philanthropic nature, i.e. not for making profit but for charitable purpose. Hence we plan to form a Section 8 Company for the same purpose. Following questions are related to formation / incorporation of Section 8 Company and the very recent changes in statue. In 2019 there were certain changes made by Ministry of Company affairs in the process of formation / incorporation of Section 8 Company. Government decided to simplify the process of incorporation of Section 8 Company, accordingly Companies (incorporation) Sixth Ammendment Rules 2019, has been enacted w.e.f. 07 June 2019. The most important change in this regard is the prior approval and obtaining licence is dispensed with, before formation / incorporation of Section 8 Company. Hence it is now not required to file INC-12 form in the process. Now the licence will be granted at the time of giving the approval of the company, whi...