We allow Section 8 Company registration in Bhagalpur, Non gain organisation registration in Bhagalpur, Charitable organisation registration in Bhagalpur. Section 8 company is a not for profit organization.  Not for gain does not mean that the section 8 companies cannot generate profit from their business. Section 8 companies are customary for some special purpose. We will manage to pay for you all information virtually registration of section 8 company in this article in brief.

Section 8 Company Registration Bhagalpur

Section 8 company registration means, registration of company as per rules and regulation of companies act, 2013. Section 8 companies incorporated for promoting arts, commerce, charity, education, social welfare, sports, religious or any new social objects. Profits or donation acknowledged by section 8 companies is applied for promoting its objects and no any allocation of its profit distributed as dividend to its members. Section 8 companies can earn profits but the promoters cannot use it for personal benefit. Section 8 companies cannot use “section 8 or private limited or limited” in its name.  Profit earn by section 8 companies must used in promoting charitable objects. A section 8 company is once Trust and society. Central giving out has imposed some restrictions and conditions on section 8 companies. If they don’t fulfill them, government can pass order to wind in the works the company.  In conflict of any fraud legitimate action will be taken by ROC against all officers of the section 8 companies. Section 8 companies either private or may be a public company. Registration process of Section 8 companies is swing from LLP or normal Private limited companies. A cut off license is required to be obtained before immersion by applying to Regional director (RD). For immersion of section 8 company (private) minimum 2 members is required.

Advantage of Section 8 Company Registration

1. Tax benefit.
2. For complying CSR activities.
3. No minimum capital is required.
4. Separate authenticated entity.
5. Credible as compared to Trust and society.
6. No title required.

Documents required for Section 8 Company registration

1. Copy of Pan Card of everything Members.
2. Copy of aadhar card/ voter ID card/ Passport.
3. Photograph of everything members.
4. Copy of Bank statements of whatever directors (Up to date).
5. Copy of rent consent of Office premises.
6. Copy of electricity Bill.
7. Contacts details of everything members.

Procedure of Section 8 Company registration

1. Apply for DSC of anything members.
2. Preparation of documents.
3. Name filing.
4. Section 8 company License filing like RD.
5. MOA & AOA drafting.
6. 3 years projected P&L credit preparation.
7. Filing of section 8 company.
8. Incorporation sanction issued BY MCA.

Section 8 companies are nonprofit organization. It is usual for social put-on not for profit motive. In outdated companies act, 1956 section 25 was deals later nonprofit management incorporation. Government of India has made Section 8 company registration to be done online. So it is good news for you. You accomplish not have to visit our office for you work. You can send us everything documents once sign through emails. We will do everything of your work. You can pay our improvement online.