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STEP 1 Run Approvals
Reserve Unique Name (RUN) is a form filed for reserving a name for a new company or for changing its living name. This is the first step of incorporating a section 8 company.
A section 8 company shall generally have words like Foundation, Federation, Society, Council, Club, Charities, Institute, Academy, Organisation, Federation, Chamber of Commerce, Development, Association,etc.
The name so approved shall be valid for 20 days
STEP 2 RD 1 License
This step is the most pivotal in the process of objectification.
The name blessing shall be valid at the time of applying for the RD 1 License.
RD 1 license is a license granted under section 8 of companies act as they work on a specific ideal which is for the upliftment of trades, wisdom, commerce, terrain,etc., and the profit they earn shall also be used towards their objects. All pivotal documents like the MoA, AoA, fiscal statements and other affirmations are filed at this stage.
The license so approved shall be valid for 30 days.
STEP 3 Spice Form
Both the name and the license shall be valid at the time of filing the SPICe form.
This is the final stage of incorporating the section 8 company where the documents relating to the listed office like the rental agreements and mileage bills are filed along with the RD-1 license and the name blessing instrument.
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