Section 8 Company Registration in Chennai

Earnlogic offers specialized Section 8 company registration in Chennai services facilitated by experienced professionals. They streamline the Section 8 company registration process in Chennai, serving various areas like Adayar, T-Nagar, Guindy, Meenambakkam, Porur, and Chromepet.

A Section 8 company is a non-profit organization established to support fields like arts, science, environmental conservation, and social welfare. Instead of distributing profits to members, the earnings are utilized for charitable purposes. Following the set guidelines, the company obtains a registration certificate from the central government.

Failure to meet the responsibilities mandated by the central government may result in the company being dissolved by government authorities. Earnlogic aids individuals or associations of individuals in establishing Section 8 and Section 25 companies. They assist in registering Section 8 companies according to government regulations at a reasonable cost.

Eligibility to apply for Section 8 company registration online in Chennai

  • When a company is focused on advancing fields such as science, commerce, education, art, sports, research, religion, charity, social welfare, environmental protection, or similar goals.
  • When all profits and any additional income are channelled towards advancing the objectives of the Section 8 Company.
  • When the company has no intention of distributing dividends to its members.

Benefit of Section 25 Company registration in Chennai

  • Donors can enjoy tax deductions. Formation is possible without any share capital requirement.
  • Shares can be transferred freely without constraints. Section 8 company formation doesn't attract stamp duty.
  • It exists as a distinct legal entity.
  • Section 8 companies are exempt from section 147 provisions and aren't required to name the company like others.
  • Section 25 companies are exempt from CARO (Companies Auditor’s Report Order) compliance.

Documents for Section 8 company registration process

  • Copy of PAN card
  • Identity proof copy (Aadhar card or voter ID)
  • Address proof copy (Telephone bill, bank statement)
  • Directors' Digital Signature Certificates (DSC)
  • Form 24A
  • Statement of assets and liabilities
  • Articles of Association (AOA) and Memorandum of Association (MOA)
  • Details of the Directors