Section 8 Company Registration
Section 8 Company Registration
Why Company Registration
Registration of the company is the most popular platform used by a person to run its business across national and international platforms. Registration of the company is regulated by Ministry of corporate affairs, Companies act 2013 and Companies rule 2014.
Section 8 Company (Companies with Charitable Objects)
As per Companies Act 2013 Section 8 Companies:
- Pertains to an establishment & for promoting commerce, art, science, sports, education, research, social welfare, religion, charity, protection of environment or any such other object,
- Intends to apply its profits, if any, or other income in promoting its objects
- intends to prohibit the payment of any dividend to its members
- Ease of meeting working capital requirements
- Ease in a process from incorporation to dissolution of the company.
- Favorable funding opportunities
- Feature to offer Employees stock options to retain quality employees.
Therefore, Section 8 Company or Section 25 Company is a company registered under the Companies Act, 2013 for charitable or not-for-profit purposes.
A section 8 company, Trust or Society – All are formed for charitable purposes. With the difference in nature of entities a major difference is Trusts or societies are registered under state government regulations while Section 8 company secured registration under Ministry of corporate affairs under a centralized system. A section 8 company has various advantages when compared to Trust or Society like improved recognition and better legal standing. Section 8 company also has higher credibility amongst donors, Government departments and other stakeholders further compliance and filings with regulations are comparatively smooth with Section 8 companies.
So If you are planning for some charitable purposes, Section 8 company registration can be taken in just 10-15 working days through Salahkari.com from anywhere in India
Frequently Asked Questions
Yes, you need a minimum of two directors for a section 8 company registration.
The entire procedure is 100% online and you don’t have to be present at our office or any other office for incorporation. A scanned copy of documents has to be sent via mail.
We can incorporate a section 8 Company in less than 20 days. The time taken also depends on relevant documents provided by the applicant and speed of approvals from government. To ensure speedy registration, please pick a unique name for the proposed Company and make sure you have all the required documents prior to starting the registration process.
The life span of the company is not dependent on or related to the life of any particular person(s) or individual(s). It could go on indefinitely until it accomplishes its objective, merges with another such company, or goes bankrupt.
SALAHKARI TEAM provides Section 8 Company across India in all cities. We have done OPC registration in Mumbai, Delhi, Gurgaon, Noida, Bangalore, Chennai, Hyderabad, Ahmedabad, Kolkata, Surat, Pune, Jaipur, Lucknow, Kanpur, Nagpur and other Indian cities.