Section 8 Company does not require a prescribed minimum paid-up share capital.
Liabilities of the members of Section 8 Company are limited to their capital contributions.
Section 8 Companies enjoy more credibility as compared to NGOs, societies and trusts because they are recognized by Central Government’s licence.
Section 8 Company is exempted for the payment of stamp duty applicable for registration as applicable in case of other structures such as private limited or a public limited company.
Section 8 company can apply for exemption u/s 12AA of the Income Tax Act. It is also eligible for registration u/s 80G of the Income Tax Act.
Section 8 company can receive the foreign contributions after getting itself registered under Foreign Contribution (Regulation) Act, (FCRA), 2010.
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If anyone wishes to do something for the society at large without having any self-interest, this is the best form to go for it. It enjoys several privileges which are not generally available to the trusts or societies registered under their respective acts. The credibility factor is also increased due to the licence obtained from the Central Government.
Self-attested PAN Card of the first shareholder(s) and director(s)
Bank Statement/Utility bill in name of director (not older than two months)
Passport size photograph of the director(s)
Really happy with the professional way in which the work has been done (y). Worked with other CA’s previously, Startup movers were the best one- whom we worked with
Excellent service at affordable prices. They are very punctual and work really hard to get the job done.
These guys are really good particularly their secretarial part. Very professional very prompt.
Startup Movers helped us with our company incorporation & re-correction was done quickly and everything that goes with it has done good.
The best part about working with StartUp Movers is that they understand the DNA of a startup very well, and are flexible in their approach. This makes them very compatible partners for any start-up.
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