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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.
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.
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.
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.
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.
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.
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.
Latest Passport size photograph of Shareholders and Directors
PAN Card of shareholders and Directors. Foreign nationals must provide a valid passport.
Voter ID/ Passport/ Driving License of Shareholders and Directors
Telephone Bill /Electricity Bill/ Latest Bank Account Statement of Shareholders and Directors
Estimated Statement of Income & Expenditure for next three years
Rent Agreement of the registered office should be provided, if any
No Objection Certificate to be obtained from the owner(s) of registered office
Electricity Bill/ Telephone Bill of the registered office address in India
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