A section 8 companies is established in order to encourage and nourish the act of arts, commerce science, sports, education, research, social welfare, religion, charity, protection of environment .The Section 8 companies fall under the Companies Act 2013 which would be registered as an Non-Governmental Organization in accordance with Indian law.According to this law, profit made can not be shared among partners and profit made during the functional part must be invested back into the company to promote trust and non profitable activities to give back.
For the incorporation or registration of such companies a proper licensing is required from the government’s end. The strictly must follow the rules of promoting the set object and not involve in any activities that might end up profiting the personnel involved in the incorporation.
Accotax professionals provide you a hassle free registration process within a time frame of 15-20 days and is subjective to governmental processing time. Our team takes care of the documentation and aids in providing you the realistic estimation of cost.
ACCOTAX is a tech-driven firm of Chartered Accountants & Tax Consultants based in India. We offer high quality and yet cost-effective accounting services providing personal attention to every single client need. We have the technical expertise to find the best possible way with the aim of minimizing your tax liability.
Section 8 registration in 25 to 30 days with License.
No minimum capital requirement.
Best substitute for trust, society registration.
Documents Required for Section 8 Company Registration
Copy of PAN Card
Address Proof (Bank Statement, Mobile Bill, Telephone Bill)
Passport Size Photo
For Registered Office
Ownership Proof (Electricity Bill etc)
Utility Bill (Gas Bill, Electricity Bill)
ADVANTAGES OF SECTION 8 COMPANY REGISTRATION:
No Minimum Share Capital Requirement
Easy Transfer of Ownership
No need to use "Section 8" or "Limited" title
No Stamp Duty
Clear Objectives for easy donations and loans
Easy to Manage
Exemptions and Privileges under Companies Act, 2013
Relaxation in Compliances
Accotax provides online services for businesses and dedicated to offer solutions without difficulty to start and develop their business, at a minimum cost. Our range of services includes services from startup registration and management to insurance and loans. We offer the cheapest and fastest professional services all over India.Our charges for company formation in India is among the cheapest and most affordable.