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.

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.

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, Voter Id.