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.

Proposed director & Shareholder - Indian Citizen:

  • PAN Card
  • Aadhar Card.
  • Proof for Address – Bank Statement or Telephone Bill or 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.

FAQ'S


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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