Section 8 and Section 25 Company Registration in Coimbatore

Section 8 Company registration in Coimbatore has played an immense role in bringing social change in our State. Section 8 ensures development which essentially involves the equal participation of the people. Section 25 Company registration in Coimbatore is done for educating and motivating people to fight for their rights in a legal way. The contribution of Section 25 Companies in human rights and public awareness is significant in India. We are located in Aathupalam ,Perur, Eachanari,Kovilpalayam and in Upplipalayam.

It is a type of company which is established with the objective to promote commerce, arts, science, sports, education, research, social welfare, protection of the environment or any other such object. The main purpose of Section 8 Company is essentially to work for the welfare of society in any of the above-mentioned fields and is formed in Public Interest. The Government grants these companies an exclusive license under Section 8 Companies There is a general notion that a Section 8 company need not pay tax as they work towards the welfare of the public at large. But this is not true. A Section 8 company, like any other legal entity, is liable to pay tax. In order to be exempted from Tax, a Section 8 company is required to obtain certification for the said exemptions such as Section 12 A, 80G etc. from the Income Tax Authorities.

Solubilis will always give a warm welcome to the people who are interested in doing charitable activities and provide guidance in the registration process .

Section 8 company registration in Coimbatore has reached out to all sections of society including women, children, pavement dwellers, unorganised workers, youth, slum-dwellers and landless labourers. It has the most reliable strongest organizational structure. Section 25 company registration in Coimbatore is formed to do good things which will be useful for public. Currently it is a most accepted form of NGO due to transparency and governance structure available to the company with the compliance of provisions of Companies Act, 2013. Section 25 Companies are registered under the Central Government of India. The Registration process is very simple as compared to other type of firms.

Documents required
Benefits

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.

Benefits Of Section 8 Company

Numerous Tax exemptions are provided to Section 8 Companies, especially to the donors who are contributing to Section 8 Companies.
There is no prescribed limit for section 8 companies for the minimum capital requirement.
A section 8 Company registration in Coimbatore is exempted for the payment of stamp duty.
Credibility will be high for section 25 Company registration in Coimbatore.
In this type, 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.
These type of companies are Non profitable companies; so they leverage the exemption from the provision of income tax.
The ownership can be transferred easily by enabling the transfer of both movable and immovable interest without any hurdles or restrictions.

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.