Section 8 Company Registration in Bangalore

Section 8 Company Registration in Bangalore – Obtaining registration for non-profit organizations is equally important and can also help them attain a special legal status. These organizations are established to promote commerce, art, science, sports, education, research, social welfare, religion, charity, protection of the environment or any such other object’, provided the profits, if any, or other income is applied for promoting only the objects of the company and no dividend is paid to its members. If you are looking for Section 8 Company Registration in Bangalore, you can connect with the experts at Prakasha & Co. 

Prakasha & Co. has extensive experience in business consultancy and offers comprehensive support to all clients. Our experts help non-profit organizations get Section 8 Company Registration in Bangalore without struggling with legal obligations. You can also enjoy a wide range of benefits by getting Section 8 Company registration. Dive into the blog to learn various aspects of Section 8 registration, the documents required, and several benefits of completing the registration.

Significance of Section 8 Company Registration 

Registering a company or organization for Section 8 company in India is similar to registering a company in India. A Section 8 Company is the same as the popular Section 25 company under the old Companies Act, of 1956, which was one of the most popular forms of Non- non-profit organizations in India. But, as per the new Companies Act 2013, Section 25 (as per the old act) has now become Section 8.

The key provisions included in Section 8 of the 2013 Companies Act are: 

• Organizations registered under Section 8 enjoy the same benefits given to the limited companies. 
• The company registration permits to application of its profits, if any, or other income in promoting its objects. 
• Applicable to the organizations involved in the promotion of commerce, art, science, sports, education, research, social welfare, religion, charity, protection of the environment, or any other object. 

Documentation Required for Section 8 Company Registration 

Section 8 company registration is a legal process that requires a wide range of documents for authentication. These documents are needed to legally verify the identity of owner and other partners if any. The registration consultants at Prakasha & Co. are well-versed with the documentation required and can also help you in the timely submission of the documents. Take a look at the documents required for Section 8 company registration are briefed below: 

• Digital Signature Certificate (if you already have it)
• Director Identification Number (if you already have it)
• Memorandum of Association
• Articles of Association
• ID proof for members: (Aadhar Card, Passport, Voter ID)
• Passport size Photographs
• Director’s details (if Members are other Companies/LLPs)
• Address Proof

Explore the Benefits of Registering Section 8 Companies in Bangalore

Registering your organization under Section 8 not only gives your organization a legal identity but also offers numerous advantages. From tax exemptions to limited liability, there are a range of advantages you can enjoy. The list of advantages offered on the Section 8 Company registration is briefed below: 

Ease of Compliance: The compliance requirements for Section 8 companies are relatively simpler compared to other types of organizations, reducing administrative burden.

No Requirement for Minimum Capital: There is no minimum capital required for including the Section 8 Company in Bangalore. A section 8 Company in Bangalore can be started with 0 paid-up capital.

Tax Exemption: The companies registered under Section 8 also enjoy tax exemptions. These exemptions are on income generated, donations received, and property owned. This helps organizations utilize funds more effectively for their social work.

Lucrative Grants and Funding: Section 8 companies can easily access grants and funding from government bodies, corporate organizations, and international donors due to their non-profit status. 

Reduced Stamp Duty: Section 8 company registration also makes you eligible for reduced stamp duty. It is one of the privileges of the Section 8 Company for the incorporation it has less stamp duty for incorporation. 

Connect With Prakasha & Co. for the Best Section 8 Company Registration Consultancy 

Prakasha & Co. is a trusted name in the industry for new company setup, registration, accounting, audit, tax advisory, GST, trademark, and legal services. We offer our services in 20+ locations to clients from different professional backgrounds. You can connect with Prakasha & Co. for Section 8 Company Registration in Bangalore and escape the stress of managing the legal and financial formalities. Our experts are well-versed in all the legal obligations required to be fulfilled and have a network reach to get registration done on time. 

Working with the experts at Prakasha & Co. also helps you leverage the quick registration process and allows you to focus on the core business activities. The registration experts at Prakasha stay updated with latest modifications and changes in the company registration laws. At Prakasha & Co. our top priority has always been on building long-term customer relationships. 

Benefits of Associating With Prakasha & Co. for Section 8 Company Registration: 

• Transparent pricing system and no hidden cost 
• 99% of services are delivered within the timeline
• Positive feedback from the clients 
• Complinace with all the rules and regulations 
• 24/7 customer support 

Reach the Best Section 8 Company Registration Consultants At! 

Name: Prakasha & Co Address: 188/1, Sahakarnagar, Bangalore-92 

Phone: +91-7019 827 351 

Email: Prakashaandco@gmail.com