Section 8 Company Registration
Section 8 Company Registration
Section 8 companies are exempt from paying income tax and stamp duty. They also have minimal share capital requirements. This makes them a popular choice for social entrepreneurs and organizations that want to make a positive impact on society.
Section 8 companies are also eligible for grants and other forms of financial assistance from the government and other organizations. This can help them to achieve their goals and objectives more effectively.
Benefits of a Section 8 company
- Tax exemption
- No stamp duty
- Minimal share capital requirements
- Eligibility for grants and other form of financial assistance
- Separate legal entity
- Increased credibility
Document Needed
The following documents are needed for for incorporating a Section 8 company in India:
- PAN card copies of all promoters and shareholders
- Aadhaar card/voter ID/passport copies of all
- promoters and shareholders
- Passport-size photos of all promoters and shareholders
- Latest bank statement or utility bill of all
- promoters and shareholders
- Registered office address of the company with proof of address (electricity bill/telephone bill/gas bill/mobile bill not older than two months)
- Rent agreement from the property owner
- No objection certificate from the owner