Section 8 & Section 25 Company Registration
Earnlogic assists in Section 8 company registration in Coimbatore under the new Companies Act, 2013. Our services cover Gandhipuram, Gandhinagar, Saravanampatti, Vadavalli, and all areas in Coimbatore. Non-profit organizations can register as trusts using a trust deed, as societies under the Registrar of Societies, or as private limited non-profit companies under Section 8 of the Companies Act, 2013.
Previously known as Section 25 companies under the old Companies Act, Section 8 companies are now the updated form for non-profits as per the Companies Act, 2013. They aim to promote various fields like commerce, art, science, sports, education, research, social welfare, religion, charity, environmental protection, and more.
Registering a Section 8 company in Coimbatore follows similar steps to other company incorporations. However, a Section 8 company requires a license post-incorporation. Earnlogic's dedicated team initiates the process by assisting with Form INC-1. After name approval, we handle Form RD-1 to obtain the Section 8 company license. Once the license number is secured, clients proceed with e-forms INC-7, INC-22, and DIR-12 or INC-7 and DIR-12, depending on the case, to complete Section 8 company registration.
Our experts guide you through each step to ensure a smooth and successful Section 8 company registration process in Coimbatore.
Eligibility to Apply for Section 8 Company in Coimbatore
- Anyone, whether an individual, a group, or an organization, can register as a Section 8 Company if they fulfil the following objectives, satisfying the Central Government.
- The company aims to support fields like science, commerce, education, art, sports, research, religion, charity, social welfare, environmental protection, or similar noble causes.
- All profits and income earned by the company are invested solely for advancing these objectives within the Section 8 Company.
- The company doesn't plan to distribute any dividends among its members.
- These criteria are essential for eligibility to register as a Section 8 Company, ensuring a focus on public welfare rather than profit distribution to members.
Documents Required For Section 8 Company Registration
To get online section 8 company registration, you'll need:
- Digital signature certificates.
- Director Identification Number (DIN).
- Memorandum of Association.
- Articles of Association.
- Identification proof of members (like Aadhaar card, Voter ID, Passport).
- Passport-size photo of one member.
- Details of Directors.
- Address proof.
Advantages of Section-8 Company
Here are the basic requirements:
- No minimum capital is needed.
- You need at least 2 directors and shareholders, and they can be the same person.
- One director must be an Indian resident.
- This registration is exempt from stamp duty.