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In India, any company under the Section 8 can be incorporated for Science, promoting an Art, Commerce, Sports, Education, Technology, Social Welfare, Social Welfare, Charity, Religion, Social Research and Environment Protection, etc.
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Section 8 Company Registration A Complete Guide
What is Section 8 Company Registration? In India, An NGO can be recorded as a company of Section 8 which is following the Companies Act, 2013 or an NGO can be recorded as a trust which is supporting the Trust Act, 1882, or an NGO can be recorded as a society under the Societies Act 1860. In simple words, Section 8 Company Registration is a process of formation of an NGO which comes under the Companies Act, 2013. In India, any company under the Section 8 can be incorporated for Science, promoting an Art, Commerce, Sports, Education, Technology, Social Welfare, Social Welfare, Charity, Religion, Social Research and Environment Protection, etc.
Section 8 Company Registration Process In India, A Private Limited Company and Process of Section 8 Company Registrations are most similar to one another. If you want to start a Section 8 Company, so you need minimum two directors in India. To start a Section 8 Company, 1 director must be an Indian Resident and Indian Citizen, whereas 1 or more than 1 persons are acting as a Director can be an Indian address of registered office within India would be required for Company of Section 8 in India. Following the conditions for Section 8 Company would be subject as: Other income in promoting its objects, intends to apply its profits if any, and
In India, Section 8 Company has a separate legal entity which is different from section 8 company’s members. Section 8 Company’s legal standing is also some different its members. And Section 8 Company has its existence till the perpetuity in India and along with having all greater flexibility and organized operations. In India, a Section 8 Company is exempted from the need of paying stamp duty on the MOA (Memorandum of Association) and AOA (Articles of Association) of the Public Limited Companies or Private Limited Companies. In India, any partnership firm (which is registered) can also become a member in section 8 company’s individual capacity and the Section 8 Company’s Directorship in India.
Documents for Section 8 Company Registration Following the document required for Section 8 Company Registration are: All Members Aadhar Card, Voter ID, Driving License, Passport, All Members PAN Card, Newest Statement of Bank of the all Members and Company, Electricity Bill Copy or Telephone Bill Copy, Rental Agreement Copy Passport size photo of the all Members,
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