A company which must have the main object; For promoting research, social welfare, religion, charity, commerce, art, science, sports, education, and the protection of the environment or any such other object, provided that the profits, if any, or the other income is applied for promoting only the objects of the company. Section 8 Company is a company which is registered for charitable or not-for-profit.
|1 Minimum Capital is not required and also exempted from Stamp Duty.||1 No profit distribution among shareholders.|
|2 Tax Benefits and other deduction under Income Tax Act, 1961.||2 Profits only use in promoting main objects of the Company not elsewhere.|
|3 Greater flexibility in transfer of ownership of both movable & immovable interest.||3 Alteration in MOA/AOA only possible with the prior approval of Central Government.|
|4 Higher credibility amongst donors.||4 Additional rules and regulations imposed by Central Government.|
Anyone who want to promote research, social welfare, religion, charity, commerce, art, science, sports, education, and the protection of the environment can go for Section 8 Company.Additional opinion please contact with our advisor at zero fee.
|1 Copy of PAN Card of Shareholders and Directors||2 Copy of Aadhar / Voter ID / Passport / Driving License/ etc. of Shareholders & Directors|
|3 One passport size photo of both Shareholders and Directors||4 Copy of Utility Bill for registered address of Business.|
|5 Additional Details – Suggested CompanyName's, Objects of Memorandum, Shares Ration, etc.|
Generally it takes 30-45 Days for registration. Name will be granted in 2-5 Days and rest for registration of Company.