Section 8 Company Registration in Bangalore

Section 8 Company registration in Bangalore play a crucial role in driving positive social change. Their registration is a commitment to education, legal advocacy, and the empowerment of people to fight for their rights. This contributes significantly to human rights and public awareness in India.

Solubilis extends its Online Section 8 Company registration in Bangalore, ensuring outreach to diverse sections of society. With a robust organizational structure, Section 8 Companies become reliable agents of social impact, reaching women, children, slum-dwellers, labourers, and various other segments. Compared to other types of firms, Section 8 company registration is simple.

Choose Solubilis for seamless Section 8 Company registration in Bangalore and make a lasting impact on society.

Benefits
Documents required

Benefits of Section 8 company registration in Bangalore

Section 8 Companies come with a bundle of benefits, making them an attractive choice for those aiming at social impact.

Enjoy numerous tax exemptions, especially for donors contributing to Section 8 Companies.
The minimum capital requirement is flexible, and stamp duty for registration is non-payable.
The credibility of Section 8 Companies is high, and
Companies with Section 8 company registration in Bangalore are exempted from the payment of stamp duty.
There is no need for a suffix or prefix in the company name, and
It enjoys a distinct legal entity with perpetual existence.
Being non-profit, these companies leverage exemptions from income tax provisions.
Easy ownership transfer, reduced compliance burden, and
A strong social impact make Section 8 Companies a preferred choice for those committed to contributing positively to society.

Proposed director & Shareholder - Indian Citizen:

When gearing up for Online Section 8 Company registration in Bangalore, here's the checklist:

PAN Card
Aadhar Card.
Address Proof (Bank Statement, Telephone Bill, EB, or Mobile Bill - Latest)
Passport Size Photo.

Proposed director & Shareholder - Foreign National:

A Copy of Passport ( Notary and Apostille is required )
A copy of address proof ( Notary and Apostille is required )
A copy of nationality proof ( Notary and Apostille is required )
Two passport size photo

Register Office documents:

If the Office is rental, rental agreement is inevitable
Electricity bill (Not more than two months old required to be submitted)
Occupant needs to provide a No Objection Certificate from landlord to operate the business (NOC) if not rented.

Ensure these documents are in order will smoothen the Section 8 Company registration process.

FAQ'S

Section 8 Companies welcome members from all backgrounds, offering inclusivity for individuals and organizations, including foreigners and NRIs.

The Section 8 company registration process typically takes around 20-30 days, ensuring a thorough and efficient completion for those looking to establish a non-profit organization.

Yes! A Section 8 Company has the flexibility to transform into any other company, including an OPC, in accordance with Section 8(4)(ii) and Rules 21 and 22 of Companies (Incorporation) Rules, 2014. Compliance with relevant laws, especially the Income-tax Act, 1961, is essential for a smooth conversion.

Yes! According to Section 8(1) of the Companies Act, 2013, both individuals and associations can register as a Section 8 Company by meeting specified conditions. The term "person" includes companies, associations, and bodies of individuals, making Limited Liability Partnerships eligible for registration or conversion into a Section 8 Company.

Section 8 companies need a license from the Central Government, and these licenses can be revoked if certain conditions are breached.
Grounds for revocation include contravention of Section 8 provisions, violation of license terms, fraudulent activities, deviation from the company's objectives, and acting against public policy.
In extreme cases, the Government can order the winding-up or amalgamation of the company with another under specific circumstances. Prior to such orders, the Government must provide the company with an opportunity to present its case.

Yes. The conversion is possible.

The life of a Section 8 company is independent of any individual's lifespan. It can continue indefinitely until it fulfils its goals, merges with another company, or faces insolvency. This perpetual existence is a distinctive feature of Section 8 companies.

No, according to Rule 3(6) of the Companies (Incorporation) Rules, 2014, a one person company is prohibited from investing in securities of any other corporate entity.