Section 8 & Section 25 Company Registration
Earnlogic helps to register the Section 8 company in Coimbatore according to the new companies Act, 2013. Our services are available at Gandhipuram, Gandhinagar, Saravanampatti, Vadavalli and all other areas in Coimbatore. Non-Profit organizations are registered as trust by implementing the trust deed or as a Society under the Registrar of Societies, or as a private limited non-profit company under Section 8 Company of the Companies Act, 2013.
Under the old companies act, there is a company and regulations called Section 25 company. It is the most popular form of non-profit organization. But later, according to the new Companies Act 2013, the section 25 company has now become the section 8 company. Under the section 8 company Registration anyone can incorporate a business for the purpose of promotion of commerce, art, science, sports, education, research, social welfare, religion, charity, protection of environment or any such other object.
Section 8 company registration in Coimbatore is similar as the incorporation of other companies. Additionally, Section 8 requires a license after the incorporation. Earnlogic’s dedicated team helps to fill the Form INC-1 as a starting step on behalf of clients. Once the name is approved, our experts will file the Form RD-1 for getting a section 8 company license. After getting the license number, the applicant can proceed further for Section 8 company Registration by filing e forms INC-7, INC-22 and DIR-12 or e-forms INC-7 and DIR-12 as the case may be.
Eligibility to Apply for Section 8 Company in Coimbatore
Any individual or the group of people or an organization are eligible to be registered as Section 8 Company if it holds below-mentioned objectives. The objectives have to be confirmed to the satisfaction of the Central Government.
- When the company fully intends to promote science, commerce, education, art, sports, research, religion, charity, social welfare, protection of the environment or alike other objectives;
- When the company invest all the profits and any other income for the promotion of objects in Section 8 company
- When the company does not intend to pay any dividend to its members.
Documents Required For Section 8 Company Registration
- Digital signature certificates
- The Director Identification Number
- Memorandum of association
- Article of Association
- ID proof of members (Aadhaar card, Voter ID, Passport)
- Passport size photography of any one member
- The details of Directors
- Address proof
Advantages of Section-8 Company
There is no minimum capital requirement. There should be a minimum of 2 directors and shareholders. Directors and shareholders can be the same person. It is to be noted that one of the directors must be a resident of India. It is exempted from stamp-duty registration.