A Section 8 Company in Bangalore is governed by the Board of Directors just like a private limited company. While incorporating a Section 8 Company it is necessary to obtain the DSC of the proposed Director.
After submitting the documents the applicant has to complete the OTP and the E KYC procedure to obtain the DSC in the name.
Just like the proprietorship and partnerships the members for Section 8 Company in Bangalore has limited liability over the debts is limited. The members' liability is limited to the sum of the face value of the shares they take.
No requirement of Minimum Capital:
There is no minimum Capital Requirement to incorporate a Section 8 Company in Bangalore. A section 8 Company in Bangalore can be started with 0 paid-up capital.
Less Stamp duty:
While incorporating a Section 8 Company there is minimum stamp duty liveable. As the government has given certain privileges to the Section 8 Company for the incorporation it has less stamp duty for incorporation.
Section 8 Companies registered in Bangalore get benefits under Section 80G and 12 AA of the Income Tax Act.
At first, the Digital Signature Certificate of the proposed Director is to be obtained. Once the DSC is obtained, Form DIR 3 is to be filed with the ROC for getting the Director identification Number.
Once the DIR 3 is approved the ROC will allot the Director Identification Number to the proposed Director. While applying for Section 8 company name an application has to be filed in Form INC 1 with the Registrar of Companies.
It is necessary to file Form INC 12 after the approval of the license for the section 8 company.
Once the approval is obtained a license under Section 18 will be issued in Form INC 16
SPICe Form 32 is to be filed with the Registrar of Companies for incorporating along with the affidavits, declarations, KYC, Consent letter, MOA draft, AOA once the license is granted.
If the ROC is satisfied with the submitted forms then a certificate of incorporation is issued by the Registrar of Companies.
IndiaFilings has over 1 lakh customers and we have completed over 7 lakh services through our platform. At IndiaFilings, we take pride in the services delivered by us and guarantee your satisfaction with our services and support. We constantly improve and strive to deliver the best accounting, financial or secretarial services through the internet.
Last updated: May 23, 2023
One Person Company | Nidhi Company | Company Registration | Tax Notice | Indian Subsidiary | HSN Code | Section 8 Company | Trademark Search | USA Company Registration | FSSAI Registration | Import Export Code | ESI Registration | Proprietorship | GST Return Filing | Patta Chitta | PF Registration | Payroll | Business Tax Return Filing | PF Return Filing | Eway Bill | GST Registration | TDS Filing | Udyam Registration | Trademark Registration | Startup India Registration | Professional Tax | Personal Tax Filing | Check Company or LLP name Availability
Partnership | Limited Liability Partnership | Digital Signature | Copyright Registration | Unified Portal | PAN Card Download | Nadakacheri | Flipkart Seller | Caste Certificate | IAY | EPFO Passbook | Domicile Certificate | Udyog Aadhaar | PF Withdrawal | Karnataka One | Encumbrance Certificate | Bonafide Certificate | Instant PAN Card | E PAN Card | Income Certificate | Marriage Certificate | Passport Renewal | Nivesh Mitra | MSME Registration | Experience Certificate | Trademark Status | Trade License | Domicile | eMitra | UAN | PICME | Resignation Letter Format | Ration Card | TNREGINET | RAJSSP | LLP Compliance | Form 16 | Police Clearance Certificate | OBC Certificate | Jamabandi | Mee Bhoomi | SC Certificate | UAN Login | eAadhaar Download | Linking Aadhaar To Bank Accounts | mAadhaar | Aadhaar Enrollment Centre | UAN Passbook | Amazon How to Sell | PAN Card Apply | EPFO Unified Portal
We are available
Section 8 Company Registration In Bangalore FAQ's
List of documents required for registering a Second 8 company?
Is it necessary to have a registered office?
How long is the registration of the Section 8 company valid?
Can foreign nationals or NRIs become directors in the Section 8 company?