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Section 8 and Section 25 Company registration

Section 8 Company registration in Coimbatore with smartcorp is an inevitable task since this kind of company registration takes part in promotion of sports, charity, and social welfare. Smartcorp have been nominated as the best consultant in the city which involve in hassle free registration process. Our firm has now extended its services in various places like Irugur, Gandhipuram, Saibaba colony, Kovaipudur, Race course, Saravanampatti and R.S Puram in Coimbatore. It intends to apply all its profit and income only for the motive of promoting the above said aspects. The section 8 company need not to pay the dividend or the income to anyone. Section 25 company registration in Coimbatore can be said as the previous version to the section 8 company. The section 8 companies are legal forms of the non-profit organizations and they have authority to work anywhere in the country. In short the company cannot earn income and also the promoters cannot get any benefits out of it.

Section 8 Company registration in Coimbatore is the most important aspect since it is intended to take part in charitable works. These companies can enjoy numerous tax exemption benefits. Even the donors providing the funds in charity trusts have the option to claim the tax exemptions, against the donations. There is no minimum capital necessary for the registration of section 8 company. No stamp duty is required for the incorporation and also it behaves as a separate legal entity. When it undergoes registration, it raises credibility; also it is said that it is more reliable than any other charitable organizations. For the section 8 company registration at least one of the directors must be an Indian resident. And the members cannot draw compensation in form of cash. Section 25 Company registration in Coimbatore is an alternative to the people who wish to promote the charity works without forming trust. Section 8 Company registration in Coimbatore is done under Section 8 of Companies Act 2013. Also it can hold license from the Central Government.

Documents required for Section 8 Company registration

  • Identity proofs of all the directors
  • PAN card of all the Directors
  • Address proofs
  • Photograph
  • Rent agreement or NOC
  • DSC of all the Directors / DIN and MOA
  • Statement of the income

Documents required for Section 25 Company registration

  • Name and address of the promoters
  • List of proposed members of the Board of the Directors
  • Certified copy of the notice
  • Declaration signed by all the promoters

Benefits of Section 8 Company registration

  • Builds more trust
  • It has zero stamp duty
  • Tax exemption
  • Separate legal entity
  • There is minimal share capital