Section 8 Company registration in Coimbatore

Section 8 company is registered as Non-Profit Organization and it takes part in promoting the science, culture, social welfare, research, sports, and religion. We Smart Auditor have been nominated as the best consultant by the public. Our prestigious firm has extended its wings in various places like Podanur, Kovilpalayam, Karamadai, Kuniamuthur and Vilankurichi. The income of the section 8 company cannot be used for paying out the dividend to the members of the company. It must be used for the charitable purposes only. If the Section 8 Company does not abide by the rules of the Central Government, then the company has to wind up. Section 25 Company registration is also involved in promoting the charity works. Section 25 company is mostly preferred to start since it is easier. It is preferred by several business men since it has tax exemption. The Section 8 Company also has several benefits as well when compared to the trust and the NGO.

Section 8 Company registration in Coimbatore is done under the norms of the Government laws. It can be registered under the Ministry of Corporate Affairs. It should have minimum two Directors and two shareholders and the members do not receive any dividend. The Section 8 Company will not be treated as small company. This type of membership shall cease upon the dissolution of the firm. In this type of company, the shares and other interest of the members are considered as movable properties. Also there is ease of transferability and need of minimum share capital. The required funds are collected in the form of donations from the general public. Section 25 Company can either be private or public having limited liability. Section 8 Company registration in Coimbatore is necessary to obtain several benefits. Also the section 8 company does not need to form any committees.

Documents required for section 8 and Section 25 Company registration

Section 8 Company
  • Copy of the PAN card of the promoters
  • Identity proof like Copy of Aadhar card or voter ID
  • Address proof like Copy of Telephone bill, bank statement
  • If the location is on rent then NOC from the landlord is necessary.
  • Latest passport sized photograph
  • Consent to act as Director DIR2
  • Director’s directorship details.
Section 25 Company
  • Copy of the PAN card of the promoters
  • Identity proof like Copy of Aadhar card or voter ID
  • Address proof like Copy of Telephone bill, bank statement
  • DSC of the Directors
  • Form 24A
  • Statement of assets and liabilities.