Income Tax
We will provide income tax return preparation, Revised return, Responding to Department notices and solving other Income Tax related issues.
Section Eight Company Registration
If any company wants to the promote commerce, art, science, sports, education, research, social welfare, religion, charity, protection of environment or any such other object then it can register itself under section 8 of companies Act 2013.This kind of company is called as Section 8 company.
Timeline - 10 to 15 Working days
Section 8 company Registration
What is meant by Section 8 company Registration?
If any company wants to the promote commerce, art, science, sports, education, research, social welfare, religion, charity, protection of environment or any such other object then it can register itself under section 8 of companies Act 2013.This kind of company is called as Section 8 company.
Section 8 Company Registration
Benefits
01.
Section 8 Company Tax benefits: It is a non-profit organization that is why they are exempted from some provisions of the income tax. They are also given numerous other deductions and other tax benefits. They avail benefits under section 80G of the Income Tax Act, 1961. They also are required to pay less stamp duty as compared to other organizations.
02.
Section 8 Company in India can be registered with names that contain words like Association, Foundation, Society, Council, Club, Charities, Institute, Academy, Organisation, Federation.
03.
Company is managed by the board of directors through MoA and AoA and not by other bodies.
04.
Registration under Companies act with the registrar of companies makes the company a legal entity.
05.
Government regulations to manage the profits and losses of the company makes the company trustworthy.
06.
To apply for TAN, PAN and Bank Account.
Founder's Agreement
We Serve Everywhere
Thewealthbridge.in is web portal of the Virutchamwealth Bridge Private Limited is one stop business setup and consulting company, managed by specialized team of Business Analysts,Company Secretaries, Chartered Accountants, Corporate Lawyers and Financial Professionals company headquartered in Vellore,Tamilnadu, India. Having known for our quality of services, delivering the projects on time, we have clients spread across the globe
Business Licenses
Our Professionals Will help you in getting your business licenses and Business licenses necessary for smooth running of businesses
Financial Services
we will Provide Funds for both personal and Business. Our funding system gives a credit line facility, enabling you to expand your business to new heights
GST Returns
We will make your business to GST Compliance. Returns are required to be filed digitally online through a common portal to be provided by GSTN
What are the Documents Required for Section-08 Company ?
The objects of the Producer Company in India as defined in the companies act 1956, shall relate to all or any of the following: -
Identity proof of Directors (Aadhar Card, PAN Card etc.)
Address Proof of Directors (Passport Driving Licence, Aadhar and Bank Statement or electricity bill).
Digital Signature Certificate if any
Director Identification Number if any
Memorandum of Association
Articles of Association
What is the eligibility to start the Section 8 Company ?
A company must be working and promoting commerce, art, science, sports, education, research , social welfare, religion, charity, protection of environment etc.
A company Intends to apply its profits, if any, or other income in promoting its objects.
A company registered under this section shall not alter the provisions of its memorandum or articles except with the previous approval of the Central Government.
A company registered under this section may convert itself into company of any other kind only after complying with such conditions as may be prescribed by the act.
Process
Get DSC and DIN
Get DSC (Digital Signature Certificate) and DIN(Director Identification Number DIR 3 form) for the directors of the company which is issued by the MCA(Ministry of Corporate Affairs) by providing information through simple form on TheWealthBridge.in
Name and Approval of Company
Approval of Name of the company(Form no. INC 1): Prior to approval of the name of the company, a company name must be reserved with the MCA so that no one else can use it and it doesn’t match with existing companies which will be handled by us.
License Approval
A licence (form INC 12,13,15) for sec 8 company in India must be obtained before the incorporation of the company. LegalDocs can help you in getting the licence with no hassle.
File Founder's Agreement
Registration i.e. incorporation of company through form number INC 7,8,10,9,22,DIR 12,2 at MCA with documents with the registrar of companies is done after above mentioned processes.
Section8 Company Registration
FAQ
If any company wants to the promote commerce, art, science, sports, education, research, social welfare, religion, charity, protection of environment or any such other object then it can register itself under section 8 of companies Act 2013.This kind of company is called as Section 8 company.
Minimum two directors are needed.
NO. Section 8 company registration can be done online.
Yes. It is mandatory to have a not for profit motive of the organization.
You can get section 8 application form on LegalDocs website.
No minimum capital is required to establish a section 8 company.
It is necessary to have at least one Indian resident as director of the company.
About Wealth Bridge
We Help You To Form Your Company In A Simple Way Wealth Bridge Will Making More Possibilities which aims at providing much-needed funds to businesses across the trading and service industry
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Head Office
2nd Floor, #23, 8th East Main Road
Gandhinagar, Katpadi, Vellore
(+91) 416 2241199
(+91) 86677 53901
Branches
ARAKKONAM OFFICE
# 10/1, Thiruthani High Road ,
Upstairs to Central Bank ,Jothi Nagar,
Arakkonam , TamilNadu - 631003
Phone:+91 6381184522 , +91 8012747723.
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No 126, MBT Road, Mahaveer Complex,
First Floor, Muthukadai,
(NearDarling bakery) Ranipet - 632401
Phone : +91 417 2295006 +91 86675 42148