Solubilis provide Section 8 company registration in Chennai, Bangalore, Hyderabad, Cochin and anywhere in India. Section 8(sec 25) company is functioning as Non-Profit Organisation approved upon the only intention to execute charitable works. For betterment of Trade, Commerce, Art, Science, Research, Science, Education, Religion, Charity, Philanthropy, Social Welfare, and Protection of Environment such works can start under certain norms and terms.
These organisations may be a form of trust or society and their registration is totally contrasted from any other types of business registration. At the same time these entities have the benefits of some special reductions and exemptions of taxes... These availabilities are not prevailed in the commercial businesses.
To have a plan start a Non-Profit Organisation, by the sole authority or with team organization it should met the regulations of Section 8 Company Registration norms. A minimum two members need to be the directors of the organisation. The income of the charitable company used merely for its promotions and developments. The Central Government afford an incorporation certificate for all such charitable companies in India. If the board members of the organisation, or an individual who commence the charitable organisation should not register their other companies with the addition of any part of the authorized Organization name or the phrases like "Limited" or "Private Limited". The Company Registered under the SECTION 8 organisations can transform or modify the provisions of approval by the central Government and only with its previous sanction notice.
Sec 8 companies are operating only for the purpose of Non-profit purpose. It accumulates the Philanthropic purposes. The overall promotions for the social cause and developing of society. Registered Sec 8 companies can obtain funds, loans and donations from the general public.
According to the Income Tax, the sec 8 companies registering under the 12A clause will get the total exemptions. Suppose, the company exceeds the limit of Rs.1 Crore, then the government will fully or substantially manage the company in the financial manner.
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