While to register a Section 8 entity, at least two directors and two subscribers are required. Moreover, there is no compulsion of securing minimum paid-up capital to set up such a company. The main benefit of opening a Section- 8 Company is Tax benefits. The fees of the registration is negligible including stamp duty, the reason behind it is that the objective of Section-8 is nonprofit and for public warfare, so the government doesn't charge much.
As per the Companies Act, 2013, Section 8 Company refers to a corporation that aims to incentivize arts, sciences, sports, education, environment preservation, social welfare, charity, or other similar objectives.
Section 8 company registration online, comes with new challenges such as improper documentation, filling in the wrong information on the registration form, and whatnot.
Consequently, it could be the reason for the rejection of the application and the delay in registration.
However, JR Compliance guarantees to make the process of company registration unchallenging by providing you with proper assistance to register a company. Along with this, we will ensure appropriate follow-ups and convenience for our clients because we don’t believe in selling our services but in providing you with high-standard services, ensuring complete satisfaction.
Contact us immediately for high-standard services and assistance from our experts.
Secure DSC from the MCA-authorized agencies.
A Spice+ Form will be filed through the MCA portal.
Mandatory documents and forms will be submitted.
Mandatory documents will be submitted along with the payment of fee.
Benefits such as tax exemption, legal identity, and more, make Section 8 company one of the ideal forms of company.
Yes, Audit is compulsory for Section-8
Maybe or maybe not, if the company is registered under section- 12 AA of income tax act, then they are free from paying taxes.
Disclaimer: All to whom it may concern, JR Compliance is not liable for any direct, indirect, incidental, special, or consequential damages from the use of any information contained on our website, or from any action/ decision taken as a result of using the site.
The information provided on this website is with the sole intention to give information, not a professional opinion. Moreover, our website might include copyrighted material that may or may not have been specifically authorized by the owner, however, used for the purpose of providing information. That constitutes a “fair means” under Section 52 of the Copyright Act, 1957.
Intellectual Property: This site is our proprietary intellectual property. All the graphics, media, editorial content, and website design (altogether, “content”) used are the intellectual property of JR Compliance which are protected by Trademark, Copyright, and other applicable intellectual property laws.
Any content or mark might be copied, reproduced, republished, and displayed publicly for any profit-oriented purpose whatsoever, require our prior written permission, otherwise, an offender may have to face legal consequences.
Ask any questions you have. Our Experts would love to help you.
Please fill this form for Free Consultation