Section 8 Compoany Registration Process
Here are the details of Section 8 Company Registration Process
- Obtaining Digital Signatures
- Getting the documents for incorporation ready
- Creating the MOA and AOA
- completing the MCA incorporation paperwork
- Registration of the office
- filing for the start of the business following incorporation
- Shareholders receive certificates of shares.
- filing of the first LLP Agreement with MCA
What is section 8 company Registration
The purpose of a Section 8 company is to promote commerce, the arts, science, sports, education, research, social welfare, religion, charity, the protection of the environment, or any other related cause. Read Mor….
India's Top 10 Benefits of Section 8 Company Registration
The top ten benefits of registering as a Section 8 company in India are as follows:
- Tax Exemptions: Section 8 Companies are exempt from income tax, capital gains tax, and dividend distribution tax, among other taxes and benefits.
- Limited Liability: To protect their personal assets, members' liability is capped at the amount of capital they contributed as shares.
- Credibility: Because Section 8 Companies are subject to Ministry of Corporate Affairs regulation, their marketability is increased.
- Perpetual Succession: Section 8 companies possess perpetual succession, meaning that even in the event that a member changes, the company will remain in operation.
- No Minimum Capital Requirement: Starting a Section 8 company is made easier for entrepreneurs because there is no minimum capital requirement.
- Simple Ownership Transfer: A Section 8 Company's ownership can be easily transferred to other members or investors by selling or transferring shares.
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Why we should be your preferred choice : Section 8 Company Registration Process
Following your Resident Welfare Association (RWA) registration under the Societies Registration Act, 1860, you must continue to comply with certain requirements in order to keep your RWA's legal status. The following are the requirements for compliance that you must adhere to:
- A pair of digital signatures in class three
- Two numbers for the director's identification
- Approval of Company Name
- MOA/AOA Certificate of Incorporation Operating Permit for Business PAN & TAN Business PF/ESI number
- Shop and Establishment for the Company Hardcopy Registration Incorporation Kit Distribute Certificates
- Start of Business Certificate Document Formats for Opening a Bank Account
- Appointment of the first auditor
Adtitional advantage:
Opening a bank account, 2 . a free domain, and 3. a five-page free website 4. listing on a social media website 5. Local businesses can list on Google My Business. and 6. Online payment gateway for Razor Pay and Payu Money .
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People Also Ask : -
what is section 8 company ?
Section 8 company: Non-profit organization promoting arts, education, sports, charity, etc. No minimum capital required .
who can form a section 8 company ?
Individuals or associations of individuals with non-profit objectives, aiming to promote arts, education, social welfare, etc., can form a Section 8 company.
What is the minimum number of members required to register a Section 8 Company?
A minimum of two members are required to register a Section 8 Company in India.
Can a Section 8 Company earn profits?
The registration process for a Section 8 Company can take anywhere from 15 to 30 days, subject to the availability of documents and approvals from various authorities.