- Pan Card of the Company
- DIN number
- DSC documents
- Memorandum of Association
- Article of Association
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.
Any individual/organization can become the member of Section 8 Company including foreigners/NRI.
Solubilis is the best service provider; we take 5-7 days to register the private limited company.
Yes, a Section 8 Company can be converted into any other company including OPC as prescribed under Section 8(4)(ii) read with Rules 21 and 22 of Companies (Incorporation) Rules, 2014. This is further subject to restrictions and compliances as per other applicable laws including the Income-tax Act, 1961.
Yes. Section 8(1) of the Companies Act, 2013 allows persons or associations of persons to be registered as a Section 8 Company on the fulfillment of certain conditions and procedures as prescribed therein. The term “person” has not been defined in the Companies Act, 2013. Section 2(41) of the General Clauses Act, 1897 provides that “person” shall include any Company, or association or body of individuals, whether incorporated or not. Accordingly, a Limited Liability Partnership is a person. Therefore, it can be registered/ converted as a Section 8 Company.
Section 8 companies require a grant of a license by the Central Government. All such licenses are revocable as well on the following grounds:
The company contravenes provisions of Section 8; Terms of the license are violated;
When there is any fraudulent or it violates its own objectives and public policy.
The Government can even order the company to be wound-up or amalgamated with another similar company under certain circumstances. The Government has to hear the company before passing such orders.
Yes, the conversion is possible.
The life span of the company is not dependent on or related to the life of any particular person(s) or individual(s). It could go on indefinitely until it accomplishes its objective, merges with another such company, or goes bankrupt.
No, Rule 3(6) of the Companies (Incorporation) Rules, 2014 prohibits one person company to invest in securities of anybody corporate.
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