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Section 8 Company

Complete solution for formation of a non-profit Section 8 company and procuring Section 8 corporate license. TaxboxIndia offers Section 8 company registration easily. Call us for inquiry at 7249999620.

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₹ 34,999/- All Inclusive Taxes




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Any Query Feel Free to Call us at +91-7249999620 / Email Us: info@taxboxindia.com

Benefits of incorporation of Section 8 Company.


EASE OF FORMATION

A Section 8 company can be formed by two persons only, by complying with the prescribed formalities of the Companies Act. Many privileges and exemptions under Company Law. Registered partnership firm can be a Member.


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LIMITED LIABILITY

The greatest advantage of Section 8 Company is restricted liability. If any liability arises then its member isn't personally affected; members are only responsible for unpaid shares held by them and less than that.


SEPARATE LEGAL ENTITY

This is the foremost prominent quality of a neighborhood 8 Company. It refers to the statement that corporate and it's members are altogether different. The biggest advantage of a neighborhood 8 company is that its identity is distinct from that of its members.


GREATER FLEXIBILITY

A Section 8 co. is needed to perform lesser legal formalities as compared to a public ltd. It enjoys special exemptions and privileges under the company law. A corporate may be a separate person having its own rights & Obligations.


PERPETUAL SUCCESSION

Death, insolvency and insanity etc of any of the member doesn't affect the continuity of the corporate . Thus the lifetime of the corporate doesn't depend on the lifetime of its members.In case of death of the owner or transfer of shares.


CREDIBLE THAN A SOCIETY OR TRUST

As an incorporated entity a section 8 company is more credible than any other form of charitable organisation. It is subject to stringent reporting under companies Act which also requires its mandatory audit every year.




DOCUMENTS REQUIRED


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Photograph

Latest Passport size photograph of Shareholders and Directors

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PAN Card

PAN Card of shareholders and Directors. Foreign nationals must provide a valid passport.

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Identity Proof

Voter ID/ Passport/ Driving License of Shareholders and Directors

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Address Proof

Telephone Bill /Electricity Bill/ Latest Bank Account Statement of Shareholders and Directors

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Statement of Income & Expenditure

Estimated Statement of Income & Expenditure for next three years

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Rent Agreement

Rent Agreement of the registered office should be provided, if any

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NOC from owner

No Objection Certificate to be obtained from the owner(s) of registered office

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Business Address Proof

Electricity Bill/ Telephone Bill of the registered office address in India





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