We come occurring with the maintenance for Section 8 Company registration in Kantatoli, Non profit organisation registration in Kantatoli, Charitable organisation registration in Kantatoli. Section 8 company is a not for gain organization.  Not for profit does not intend that the section 8 companies cannot generate gain from their business. Section 8 companies are received for some special purpose. We will have the funds for you anything information about registration of section 8 company in this article in brief.

Section 8 Company Registration Kantatoli

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 other social objects. Profits or donation expected by section 8 companies is applied for promoting its objects and no any allocation of its gain 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 with Trust and society. Central management has imposed some restrictions and conditions on section 8 companies. If they don’t fulfill them, government can pass order to wind up the company.  In skirmish of any fraud genuine 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 exchange from LLP or usual Private limited companies. A cut off license is required to be obtained before amalgamation by applying to Regional director (RD). For interest 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 legitimate 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 anything directors (Up to date).
5. Copy of rent taking over of Office premises.
6. Copy of electricity Bill.
7. Contacts details of whatever members.

Procedure of Section 8 Company registration

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

Section 8 companies are nonprofit organization. It is conventional for social piece of legislation not for profit motive. In outmoded companies act, 1956 section 25 was deals taking into consideration nonprofit management incorporation. Government of India has made Section 8 company registration to be ended online. So it is great news for you. You get not have to visit our office for you work. You can send us all documents later sign through emails. We will do all of your work. You can pay our proceed online.