Section 8 Company Registration in Bangalore
Section 8 Company registration in Bangalore is handled by our ethical legal experts, serving areas like Sadhashivanagar, Yeswanthpur, Kengeri, Majestic, Electronic city, and Bommanahalli. These companies, also known as NGOs or non-profits, focus on social welfare and are distinct from private or public companies under the Companies Act. They require minimal share capital and offer no benefits to members beyond covering their expenses. Limited liability is assured for members, but the company needs a license from the Central Government to operate.
Section 8 Company registration in Bangalore involves groups formed for public or private companies with limited liability under the Companies Act 1956. These entities obtain funds mainly through donations and operate solely for charitable purposes, focusing on areas like culture, research, sports, and religion, without profit motives.
For Section 8 Company registration in Bangalore, obtaining a Central Government license is essential. Failure to comply with the terms may lead to license cancellation. Section 25 Companies don’t need "Limited" or "Private Limited" in their names. They enjoy relaxed application of certain Companies Act provisions based on their activities. The government can cancel their license if they deviate from established norms. Registration under government norms enables them to enjoy privileges.
What are the Documents Required for Section 8 Company Registration ?
For promoter identification:
- PAN card copies
- Aadhaar card or voter ID for Identity Proof
- Utility bill or property tax copies for Address Proof
- For rented locations, a NOC from the landowner is required
- Recent passport-sized photographs
- Consent to act as Director (DIR2)
- Directorship details
For Section 25 Company
- Promoters' PAN card copies.
- Identity proof copies like Aadhar card or voter ID.
- Address proof copies such as telephone bills or bank statements.
- Directors' Digital Signature Certificates (DSC).
- Form 24A and Statement of assets and liabilities.