Section 8 Companies
Is a form of company which is ideally a Non Profit organization who works for promotion of art, literature, culture, Sports, Commerce, social welfare, charity, research etc. Section 8 Company has many advantages over Trust or Societies such as more recognition, better legal position and more creditability in eyes of third parties.
Features of Section 8 Company
Process of Registration / Incorporation of Section 8 Company
- No minimum capital required.
- It can be Private or Public.
- Separate Legal Existence.
- Perpetual Succession.
- Deduction to donors u/s 80G of Income Tax Act.
- Name search.
- Name application.
- Obtaining Name Approval certificate.
- Obtaining Digital Signature.
- Preparation of all Legal documentation.
- Application for DIN, Section 8 License and Incorporation .
- Obtaining Certificate of Incorporation, PAN, TAN, Bank Account, GST, ESIC, EPFO and Profession Tax Registration (only for Maharashtra State)