Section 8 and Section 25 Company Registration in Coimbatore

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Section 8 Company registration in Coimbatore has been pivotal in driving social change in our state, emphasizing equal participation in development. These companies exist to educate and empower people to fight for their rights through legal means. Their impact on human rights and public awareness in India is substantial. You can find us in Aathupalam, Perur, Eachanari, Kovilpalayam, and Upplipalayam.

Section 8 Company Registration in Coimbatore is a process of establishing a non-profit organization in India. These companies operate for promoting charitable causes such as education, art, commerce, science, sports, research, social welfare, religion, and more. To register a Section 8 Company, a minimum of seven individuals and two directors are required. Unlike other companies, there is no minimum requirement for share capital.

Solubilis, a trusted service provider, facilitates the Online Section 8 Company Registration in Coimbatore. Our expert team ensures a hassle-free and affordable section 8 company registration fees for these charitable entities. A Section 25 company in Coimbatore is designed to benefit the public. It's a popular form of NGO due to its transparent governance structure, in line with the Companies Act, 2013. These companies are registered under the Central Government of India, offering a straightforward registration process compared to other firm types.

Documents required
Benefits

For Indian citizens aspiring to become directors and shareholders of a company, essential documents include

Section 8 company registration online needs PAN Card
Aadhar Card.
Proof for Address – Bank Statement or Telephone Bill or EB or Mobile Bill (Latest)
Passport Size Photos.

Proposed director & Shareholder - Foreign National:

A copy of their passport (with notary and apostille)
Address proof (with notary and apostille)
Section 8 company registration online needs Proof of nationality (with notary and apostille)
Two passport size photo

Register Office documents:

If the office is rented, a rental agreement is mandatory.
An electricity bill, not older than two months, is also required.
In case the office is not rented, the occupant must provide a No Objection Certificate (NOC) from the landlord to operate the business.
This ensures a seamless process for all stakeholders involved in the registration of a company.

Benefits Of Section 8 Company

Section 8 company registration in Coimbatore, enjoy various benefits.

Enjoying tax exemptions is a key advantage, especially for donors contributing to these non-profit organizations.
There is no minimum capital requirement, offering flexibility in financial structuring.
Section 8 companies also benefit from exemption from stamp duty payments.
Section 25 company registration in Coimbatore enhances credibility, making Section 8 entities more trustworthy.
The naming process is simplified, requiring neither prefixes nor suffixes.
With a distinct legal entity, these companies have perpetual existence and greater operational flexibility.
Being non-profit entities, they qualify for income tax exemptions, supporting their charitable endeavours.
Additionally, the ease of ownership transfer, covering both movable and immovable interests, makes Online Section 8 company registration in Coimbatore a strategic choice for those prioritizing social impact and financial efficiency.

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.