Section 8 Company Registration in Bangalore

Section 8 Company plays an immense role in bringing social change of the State. Section 8 ensures development and also involves equal participation of the people. Company registration in Section 8 is done for educating and motivating people to fight for their rights in a legal way. The contribution of Section 8 Companies in human rights and public awareness is significant in India. Solubilis has extended its service wings in White field, Majestic, Jayanagar, BTM Layout, HSR layout and all other places of Bangalore.

Section 8 company registration in Bangalore has reached out to all sections of society including women, children, slum-dwellers and landless labourers, pavement dwellers, unorganised workers, young generation, etc. Section 8 and section 25 has the most reliable and strongest organizational structure. Section 25 company registration in Bangalore is formed to do good things which will be useful for the public. Currently, it is a most accepted form of NGO due to its transparency and governance structure is available to the company with the compliance of provisions of Companies Act, 2013. Section 25 Companies is registered under the Central Government of India. Compared to other types of firms, the registration process of section 8 & 25 is very simple.

Benefits of Section 8 Company

• Section 8 provides a numerous tax exemption to the Companies, especially to the donors of Section 8 Companies.
• Section 8 companies have no prescribed limit for the minimum capital requirement.
• It is exempted for the payment of stamp duty.
• Section 25 Company registration in Bangalore.has high credibility.
• In this type of company, Prefix or suffix is not necessary at the end of the name.
• It has a distinct legal entity which means the company’s existence is different from its members. The company has a perpetual existence along with greater flexibility.
• Section 8 companies are Non profitable companies; so they leverage the exemption from the provision of income tax.
• To enable the transfer of both movable and immovable interest, the ownership can be transferred easily without any hurdles or restrictions.
• Increase the number of its directors without seeking approval of central Government.

Documents Required For Section 8 Company Registration

• Digital Signature Certificate.
• Memorandum of Association.
• Articles of Association.
• Passport Size Photographs.
• Members' Id Proof such as Aadhaar Card, Passport and Voter Id.
• Details of directors
• Directors identification number & Address proof