Section 8 Company Registration in Bangalore

-

 

service-detail

Section 8

Companies with charitable objects are registered under section 8 of the Companies Act, 2013. A person or an association of persons can be registered under this section if:

  • their object is to promote commerce, art, science, sports, education, research, social welfare, religion charity, protection of environment or any such other object;
  • their intention is to apply its profits, if any, or other income in promoting its objects; and
  • They intend to prohibit the payment of any dividend to its members.

One of the distinct features of Section 8 Company limited by guarantee is that it can start the business without infusing any capital at the time of incorporation.

Advantages

  • A Section 8 Company can be formed with two members only, by Company Act 2013.
  • It is registered as a separate legal entity. It has its rights and obligations.
  • Section 8 Company is a limited liability; the members/partners are not affected. They are liable for unpaid shares only.
  • No minimum share capital is required.
  • Section 8 Company is an NGO. The company doesn't depend upon the life of its members. There will be no effect on the firm's continuance.

Documents Required

  • Pan Card of all Directors and Members (Self attested)
  • Identity Proof of all Directors and Members - DL or Voter ID or Passport (Self attested)
  • 1 Passport size photo of all Directors and Members
  • Address Proof of all Directors and Members- Bank Statement/ Electricity Bill/ Telephone Bill/ Mobile Bill (Self attested and not older than 2 months)
  • Proof of Office address (Conveyance/ Lease Deed/ Rent Agreement along with rent receipts/ Tax paid Receipt/ NOC)
  • Copy of Government issued Utility Bill of Office address (Not older than 2 months)

Procedure

  • Name Reservation
  • Preparation of Digital Signature Certificate
  • Application for Director Identification Number (DIN)
  • Application for License u/s 8
  • Application for Incorporation

Popular posts from this blog

How Secure your final e-khata

-
Image
Draft e-khatas of all Bengaluru properties released online, says BBMP. Here's how to secure your final e-khata Bengaluru real estate: While the draft e-khatas have been uploaded online citizens must submit additional documents to secure the final e-khata Bengaluru’s municipal corporation, Bruhat Bengaluru Mahanagara Palike, on October 4 said that all existing khatas in the civic agency's registers have been registered and the 21 lakh-plus draft e-khatas have been released online for citizens to download anytime and anywhere. All Bengaluru property records digitised and draft e-khatas released online, says BBMP (Representational photo)(HT file photo) A khata certificate is the legal document that validates the ownership details of a property in Karnataka. This certificate includes vital information regarding the property's size, area, location, and so on (residential as well as commercial). In a bid to curb fraudulent deals, enhance transparency and increase property tax rev...
Read more

How do I change the name in the Bangalore (BBMP) property tax records/receipts?

-
Image
 How do I change the name in the Bangalore (BBMP) property tax records/receipts? Apply for Khata transfer to change the name in BBMP property tax record. Here I will explain the step by step procedure with supporting documents that how I change my name in property tax record. Step 1:  We bought a resale property on 13th April 2016 from Mr. Faraz Rauf (seller) to Mr Manish Singh (buyer). Below sale deed image for your reference. Step 2 : As of 2019 -2020, Previous owner name that Mr. Faraz Rauf (seller) name reflects in tax paid receipt and BBMP record. Below property tax receipt image with name circled for your reference, Step 3:  on 22nd June 2020, we applied for khata transfer. Below acknowledgment receipt form BBMP, for your reference. Step 4:  On 24th Aug 2020, we received SMS from BBMP that our Khata application was approved and proceed with khata transfer fee. We paid the khata transfer fee at Bangaloreone center on 28th Aug 2020. Below payment receipt for...
Read more
-
Image
  Income Tax Return (ITR) Pricing for Individual For Salaried Individual or With No Business Income PLAN A Salary or Rental Income ₹ 749/- COVERS INCOME FROM Salary Rent from House Property Bank/FD Interest Does not include Business Income Order Now PLAN B Capital Gain & Other Sources ₹ 2,499/- EVERYTHING OF PLAN A + Capital Gain from Mutual Fund or Stock Capital Gain on sale of property. Gift Cases Other Sources Order Now PLAN C Foreign Income Included ₹ 4,499/- EVERYTHING OF PLAN A+B & Income earned out of India NRI or NRO cases DTAA Guidance Order Now Pricing for Small Business For Individual Self Employed, Freelancers & Small Traders PLAN D Consultants & FreeLancers ₹ 2,499/- COVERS INCOME FROM Professionals such as doctors, coaching teachers, architects etc. Professional Fee as Income TDS Refund support Order Now PLAN E Small Service Providers ₹ 3,499/- COVERS INCOME FROM Services with Gross turnover less than 30 Lakhs No accounting is covered, if required can ...
Read more