Section 8 Company Registration in Bangalore

This non-profit company aims to promote education, poverty eradication, and similar causes. It can choose to establish itself as a trust, society, or a Section 8 Company. Dividends aren't distributed to members, ensuring that profits solely support the organization's objectives. The primary goal is to enhance the country's welfare through these efforts.

Advantages of Section-8 Company:

  • A Section-8 Company can register as a private or public limited company without using "limited" in its name. The member count varies based on company nature; for a public limited company, its 7 members, and for a private limited company, a minimum of 2 members suffice.
  • The basic requirements for online Section 8 company registration in Bangalore involve no mandatory capital, but there must be at least 2 directors and shareholders, who can be the same person. One director must be an Indian resident, and the registration is exempt from stamp duty.
  • This company is dedicated to public welfare, supporting causes like social welfare, research, charity, sports, art, education, environmental protection, and more. All income generated serves the company's objectives.

Documents required for section 8 Company:

For Section 8 company registration online, directors/promoters need:

  • PAN card copy for identity.
  • Address proof: Aadhar/driving license/passport/electricity or telephone bill (not over 2 months old).
  • Rental or ownership agreement for the registered premise.
  • Consent to act as a director.
  • Utility bills for the registered office.
  • Details of directorship in other companies/LLPs.
  • Passport-sized photos of directors and promoters.

These documents are necessary for the Section 8 Company registration process.