Section 8 Registration
A Section 8 company registration under the Companies Act, 2013 or a Section 25 Company as per the Companies Act,1956 is an organisation registered with an objective of promoting the fine arts, science, literature, or knowledge sharing for a purposeful matter or for charity. Section 8 companies are regulated through the Companies Act, 2013. These are the limited companies established under the Companies Act. The Government grants these companies an exclusive license under Section 8 Companies Act. There are three main conditions for granting the license
- The company should be registered for charitable purposes
- Income and profits should be used towards these objects
- The company should not pay any dividend to its members.
Let our experience pave the path to your success.Benefits of Section 8 Company Registration
- Tax Exemption: Section 8 companies enjoy 100% tax exemption as their profits are utilised for charitable purposes, providing a significant tax advantage.
- No Minimum Capital Requirement: Section 8 entities have the flexibility to adjust their capital structure according to their growth, eliminating the need for a minimum capital requirement.
- No Stamp Duty: Section 8 companies are exempt from paying stamp duty during the registration process, reducing the cost of establishment.
- Separate Legal Entity: Section 8 companies have a separate legal identity and perpetual existence, enhancing credibility and providing autonomy.
- Increased Credibility: Strict legal compliance frameworks ensure that Section 8 companies hNo Title Required: Section 8 companies have the freedom to choose a name without the requirement to add the term 'Section 8' to their name, allowing for greater naming flexibility.ave a higher level of credibility and trustworthiness compared to NGOs and trusts.
- No Title Required: Section 8 companies have the freedom to choose a name without the requirement to add the term 'Section 8' to their name, allowing for greater naming flexibility.
Let our experience pave the path to your success.Documents Required for Registration of Section 8 Company
- DSC and DIN of the Directors.
- Objectives and proposed work of the company.
- Financial statements like assets and liabilities, the projection for five years etc.
- Directors personal documents.
- Registered office address documents viz. rental agreement or sale deed in the name of the company, utility bills not older than two months.
REVIEWNumbers Speak
1500
+
Cases Represented
100
+
Joint Ventures
50
+
IPR Matters
1000
+
Compliances
Lets talkGet in touch
Corporate Office
28/13, Dhakuria Station Road,Kolkata,
West Bengal,
Pincode -700031
Email us
info@armisticelawfirm.com
book@armisticelawfirm.com
Call us
9433025395
9331748747