Section 8 Company Registration in Coimbatore

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Section 8 Company Registration Online

Best section 8 company registration in Coimbatore

According to the Companies Act, 2013, any company that selflessly promotes arts, environment conservation, social welfare, charity, or any similar objectives comes under the section 8 company registration in India.

In a city that has a long history of carrying out public welfare activities and selflessly serving the masses, section 8 company registration in Coimbatore is the most commonly seen. For people willing to spend their surplus income on public welfare activities, section 8 company registration in Koyampuththur is the best option. 

With the assistance of the experts from eAuditor, the section 8 company registration process in Kovai becomes even more seamless. All you need to do is just give us the basic details and documents, and all the other tedious aspects of section 8 company registration in Kovai will be taken care of by the professionals of eAuditors. 

The process of registration is very similar to the usual company registration process will slight differences of exception, zero minimum capital and a few more things. 
For more information about the section 8 company registration process and its benefits, you can read the blog mentioned below.

How to register section 8 Company in Coimbatore and Section 8 Company Registration Procedure?

Section 8 company registration in India is more superb and wonderful concept. it's a nonprofit entity engaged in social service for the good thing about the country. The registration may be divided into three parts:

# Prepare DSC and file Name Approval of Section 8 Company: the primary step is to arrange DSC and DIN. This takes sometime one to 2 days. Once done, you have to go for name approval with the help of best auditor office in Coimbatore which is e Auditor Office team. The name should be unique and will end with words like foundation, etc.

# Section 8 Company Registration Process: After getting name approved, the subsequent step is to arrange all the documents so apply for license to the regional director via form INC 12. This approval takes most of the time.

# File for Incorporation: After getting the license, we'd like to file for incorporation and once company is incorporated, you'll start the social service under this company.

Advantages of Section 8 Company

A Registration of Section 8 Company provides a variety of advantages, unlike a Trust or Society. Following are the benefits of Section 8 companies:

Tax benefits of Section 8 Company: As Section 8 companies aren't for profit, so that they benefit the exemption from taxation under Sec. 80G of the tax Act yet as various other tax deductions and benefits.
Section 8 Company Registration Fees: Section 8 companies don't require to pay revenue enhancement on the MoA and AoA, unlike a private or public company.

Minimal share capital: in contrast to other limited companies like private, public, or one person, a bit section 8 company doesn't require greatly share capital to make the entity. The members can straight away employ the funds from their donations or subscriptions.

Separate legal entity: Section 8 company enjoys perpetual existence and distinct legal entity which means the Company’s existence is become independent from its members.

Disadvantages of Section 8 Company Registration

No distribution of profits:
The members of a bit section 8 company cannot distribute the profits between themselves. The earnings employed just for the progress of the Company’s aspiration.

Amendment in MOA and AOA: a bit section 8 company cannot amend/alter the MoA or the AoA without obtaining the approval of the Central Government.

Zero benefits: The members of a section 8 company don't get any perks or profits from the corporate, they're only allowed to reimburse their pocket expenses.

Limited objective: the first aim of Section 8 companies is to utilize the profits and income of the corporate within the promotion of particular fields only and not for other purposes.

Documents required for Section 8 Company Registration

Directors’ PAN, Aadhar, Passport size photo, DSC, bank statements which are not older than 1 month, EB bill of the registered office address and passport if available or else voter id or driving license.

Section 8 Company Registration Online

Get your company incorporated as a Section 8 Registration online in India through E-Auditor Office. Learn about the steps and documents required for Section 8 Registration. How to get Section 8.


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