Section 8 Company can be incorporated as a Limited Company with limited liability under the Companies Act with an Objects to promote commerce, art, science, sports, education, research, social welfare, religion, charity, protection of environment or any such other object without any suffix to its name. The Company has more credibility as compared to other non-profit organization and gets an exemption from Stamp Duty.
A company can be incorporated with limited liability without any suffix to its name.
Company has more credibility as compared to other non-profit organization.
Section 8 Company is exempted from payment of Stamp Duty as required for other entities at the time of Incorporation.
The donors of the Company u/s. 80G of the Income Tax Act get the benefit of tax deduction.
DSC (Digital Signature Certificate) is a token which helps to sign documents digitally with equal importance as compared to physical signature.
RUN is an online form available on portal after logging in and facilitates name application with two name options at a time.
Arrange to get license from the Central Government through application in Form INC 12 and getting Licence in Form INC 16
As the filed Form get approved the COI, TAN and PAN get allotted in the name of the Company.
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Only Limited Liability Company with an objects includes promotion of commerce, art, science, sports, education, research, social welfare, religion, charity, protection of environment or any such other
object can apply for registration and not Unlimited Liability.
Section 8 Company can be registered as limited by shares or gurantee.
Yes, a seperate license is provided by Central Government as a issue license to incorporate Section 8 Companies.
No, Companies Act resrtricts the incorporation of one person company as section 8 company.
Yes, Section 8 Company can become a holding company of another company.
a partnership firm or an Limited Liability Partnership or a Trust or a Co-operative society can become subscriber/member of a Section 8 Company but not a one person company.