SECTION 8 COMPANY REGISTRATION IN FIROZABAD @ 6000
Social and Charitable work is done through many ways. We offer section 8 company registration in firozabad @ 6000 and guide businessmen in implementing projects covering social work such as free education, providing food, environment sustainability etc
WHAT IS SECTION 8 COMPANY ?
In India for pursuing social and charitable work, there are many ways such as Society Act Registration, Trust Act Registration and Section 8 Registration
WHAT IS THE MINIMUM NUMBER OF MEMBERS REQUIRED FOR SECTION 8 COMPANY REGISTRATION IN FIROZABAD @ 6000 ?
Minimum Two members are require for Section 8 Company Registration
WHICH ACTIVITIES OR SOCIAL WORK CAN BE DONE THROUGH SECTION 8 COMPANY ?
Following activities are through Section 8 Company
- Free Education work
- Environment Sustainability Projects
- Sports training and promotion
- Rural Development projects
- Health related work
DOCUMENTS REQUIRED FOR SECTION 8 COMPANY REGISTRATION IN FIROZABAD
- PAN Card of subscribers and directors
- Aadhar Card of subscribers and directors
- Photo of subscribers and directors
- Bank Statement of subscribers and directors
- Registry or Rent Agreement
- Electricity Bill
TIME LIMIT FOR SECTION 8 COMPANY REGISTRATION
It takes approx 10-15 days for Section 8 Company Registration
IS IT MANDATORY TO HAVE 12 A AND 80 G REGISTRATION ?
Yes after Section 8 Company registration, one must apply registration in 12 A and 80 G of Income Tax Act, 1961
WHAT IS CSR ?
CSR is Corporate Social Responsibility. Pursuant to the provisions of the Companies Act 2013, CSR provisions apply on certain companies.
Such companies will do expense of 2% of the average net profits of previous three financial years and must fulfill obligations as per the provisions of the Act.
IS IT MANDATORY TO FILE INCOME TAX RETURN FOR SECTION 8 COMPANY ?
Yes Every Section 8 Company will maintain its Books of Accounts and prepare Balance Sheet and file Income Tax Return every year
LEGAL FRAMEWORK OF SECTION 8 COMPANY
- Section 8 company cannot distribute Dividend
- Section 8 company cannot issue preference shares
- Section 8 Company reinvest its profits for its main objects
Purpose of Section 8 Company registration is to pursue social and charitable work. Businessmen wants certain percentage of their profits spent on social work thus Section 8 gives them organised way of spending money for the upliftment of society and for the betterment of Society.