Section 8 Company Registration
Section 8 Company is registered for charitable purposes. It is formed to promote research, social welfare, religion, etc.
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What is Section 8 Company?
Documents Required for Section 8 Company Registration
Benefits of Section 8 Company Registration in India
Eligibility Criteria for Section 8 Company
Process of Section 8 Company Registration
Overview of Private Limited Company Registration
A Private Limited Company is a privately maintained small business existence, which is one of the highly recommended means to start a business in India. The Companies Act 2013 governs private limited company registration in India.
While, minimum 2 shareholders are required to start a private company, while the higher limit of members are 200 as per the Companies Act, 2013. If a private limited company faces financial risk, its shareholders are not subject to sell their personal assets, i.e. they ought to have limited liability.
- A registered private limited company increases the credibility of your business. A registered private limited company increases the credibility of your business. A registered private limited company increases the credibility of your business.
- Help owners from personal liability and protects from other risks and losses.
- Draws more customers
- Ease in obtaining bank credits
- Offers limited liability to preserve your company’s assets
- Greater funds supplement and more attractive stability
- Enhance the potential to grow big and expand
Starting a private limited company offers many advantages. Some of them are as follows:
- Limited Liability
- The responsibility of the members of a private limited company is restricted to their share only as the private limited company is a separate legal entity.
- Separate Legal entity
- A private limited company is a separate legal entity which posses all the rights to sue or to be sued. It acts an artificial person which can buy a property on its own name.
| # | First | Last | Handle |
|---|---|---|---|
| 1 | Mark | Otto | @mdo |
| 2 | Jacob | Thornton | @fat |
| 3 | Larry | the Bird |
FAQs
Yes, section 8 company registration is costly then trust or society registration.
In Section 8 Company, the auditor is appointed within 3o days of Section 8 company registration by the board of Director and no Central Government approval is required.
The cost of Section 8 Company registration varies from company to company.
No, there is no concept of the minimum number of member requirement for section 8 company registration.
Section 8 Company is often called as Non- Profit Organization Company. A non-profit organization is often known as NGO. An NGO can register under Trust Act or under Section 8 companies act, 2013 (earlier Section 25 of Companies Act 1956). The NGO registration can be done for promoting art, science, commerce, Technology, sports, education, social research, social welfare, religion, charity and protection of environment etc.
