code
The National Industrial Classification (NIC) is a system used in India to categorize different economic activities. The NIC code for NGOs or Section 8 companies depends on the nature of their activities.
The NIC code for Section 8 companies can be found under the Services sector. Some of the commonly used NIC codes for NGOs or Section 8 companies are:
88.99 - Other social work activities without accommodation
94.99 - Activities of other membership organizations n.e.c. (not elsewhere classified)
85.14 - General public administration activities
It is important to note that the appropriate NIC code for an NGO or a Section 8 company may depend on the specific nature of their activities. It is advisable to consult a qualified professional, such as a chartered accountant or a lawyer, for assistance in identifying the correct NIC code for your organization.
Hi Ask Members,
We have some companies who have approached us for filing of INC-20A, Declaration for Commencement of Business. As per Law, if the company does not file INC-20A within 6 months of incorporation, the concerned ROC can strike off the name of the company from the Register of Companies. Will filing of INC-20A after 6 months cause any issues later on and might attract strike-off notice from ROC?
incorporation months after filing
Hi Ask Members,
I have one company that missed out to file SH-7 eForm since the last year 2020 Dec and so far there are a total of 3 SH-7 pending as of date.
What is the way to calculate additional fees as MCA only offers fees for the increased capital and unless we file the previous form, how to arrive at the fees of subsequent forms?
Please help if you have any experiences as such.
filing form late fees additional
Hi Members,
Looking at the difficulties of entrepreneurs, GOI launched the Exemption under Angel Tax. Can somebody explain the procedure if any startup has secured an angel funding round and is there any limit of exemption?
Hi Everyone,
While filing eForm INC-24 and filling MGT-14 Form filing date, the error is showing as a java pop that
"Date should be less than or equal to system date".
Kindly help.
Hi Members,
As with the latest gazetted notification, professionals can form multidisciplinary firms for their practice. My question is what would be the name guidelines for forming such entities to go in the corporate format?
firm professional multidisciplinary
Hi CC Members,
According to you what are the best instruments for startup funding?
instrument funding startup
Dear CC Members,
I wish to know from you which instrument is most viable for a startup?
a) Equity Shares
b) Convertible Notes
c) CCPS
d) Any other
instrument funding startup
Dear CC Members,
Do managing director(s) and whole-time director(s) are liable to retire by rotation under the companies Act, 2013?
Kindly share your perspective.
Hi Member,
NIC code for Section 8 company is generally taken as 85 (Health and Social Work)