Section 8 Company is a non-profit organization which has numerous deductions on taxes and other benefits. The benefits are availed under section 80G of the Income Tax Act, 1961. Stamp duty is also less for these companies as compared to other organizations. The companies which are registered under Section 8 do not require much share capital. They can be easily funded from subscriptions or donations made to them. Unlike the limited liability companies who are generally not allowed to transfer the ownership or title, but as per section 8 of the Income Tax Act, 1961 allows the transfer of ownership or title of both movable and immovable interest with no restrictions of any kind. So, through this analysis registering a section 8 company is a better option compared to trust or society.
Sir, I want to start a private school through forming a private limited company. Do I need to form private company through section 8 or it can be done through normal private company. What are the procedures for it.
These all three has its advantages and disadvantages. (i.e. society & Trust has state level registrations, and section 8 has central level registration) To know more in details please call Ms Swati on 9540026175.
1- There should be central government approval to register a Section 8 company. 2- So can we register section 8 company by staying in Mumbai…? 3- And if it can be done, please suggest me. 4- What should be the minimum number of members required to start a Section 8 company? 5- What document do we get after the registration is completed? 6- Can we register online ...? Or do we have to do it through an agent? 7- How much does it cost to register...? I am asking you this because after watching your video, I think so far people have given us wrong information on the pretext of information. That is why I am expressing my desire to get all this information from you to clear my confusion. THANK YOU TEAM.
Yes, but it can not use profit for personal benefits, profits can be used for the objects with which section 8 company was formed. For details, please call Ms. swati on 9540026175.
Kisi bhi company ko register hone k baad 30 days m current account open karna hota hai, uske baad kuchh restrictions hote hai. For more details please call Ms. Pooja on 9540993525.
Dear Raju Kumar, Yes it is possible. Microfinance is not banned in India, however according to the recent data the registrar of Companies is not approving this set of company, denying in microfinance approval is mainly on account of misuse done by the various companies. Companies illegally accept deposits and then runs away at the time of maturity and hence, catching the eye of the government which ultimately results into the unofficial ban. In India basically two types of microfinance business is allowed, one is which has to be registered with the Reserve Bank of India (RBI) and another is the non-profit type, which is registered as section 8 company and does not require RBI approval. • Micro Finance with RBI Approval: You will require at least 5 crores capital and a registration with the RBI. This type of registration is always open but involves a risk because approval is in the hands of RBI. • Micro Finance without RBI approval: This microfinance approval is one of the best options available in the market. This microfinance is registered under section 8 of companies act and most importantly it does not require RBI license or 5 crore capital.
How section 8 company is better then society registrstion
Section 8 Company is a non-profit organization which has numerous deductions on taxes and other benefits. The benefits are availed under section 80G of the Income Tax Act, 1961. Stamp duty is also less for these companies as compared to other organizations.
The companies which are registered under Section 8 do not require much share capital. They can be easily funded from subscriptions or donations made to them.
Unlike the limited liability companies who are generally not allowed to transfer the ownership or title, but as per section 8 of the Income Tax Act, 1961 allows the transfer of ownership or title of both movable and immovable interest with no restrictions of any kind.
So, through this analysis registering a section 8 company is a better option compared to trust or society.
For further details please call Ms Pooja on 9540993525.
Kya NGO ko bhi section 8 registered karana jaruri hota hai......
Is company mey registered hone ke bad keya ham group lon dey sakte hey ??????
Sir, I want to start a private school through forming a private limited company. Do I need to form private company through section 8 or it can be done through normal private company. What are the procedures for it.
Thanks
Section 8 company ko lon mil sakta he kya
Mam, can MoA and AoA be notarized and uploaded for sec 8 company ?
Kya government employee section 8 or Trust ka govering body ho sakta hai ?
It's depend on govt service agreement
Sir Section 8 company me microfinance ya consumer durable loan business start kar sakte hai?????
Please call Ms. Pooja for details on ±91 9540993525
What are the differences among society, trust, section 8 company?
These all three has its advantages and disadvantages. (i.e. society & Trust has state level registrations, and section 8 has central level registration)
To know more in details please call Ms Swati on 9540026175.
One person company ko public limited company mein Pramod kar sakte hain. Sir reply me
sir section 8 company khulne se kiya fida huge dictorko
Section 8 company not mint for profits...It's for non-profit organisation with social cause.
What interest rate can MFI NGO can charge to its customers?
Can Directors or managers of the company take REMUNERATION?
Interest rate shall be as per the guidelines of RBI, Further remuneration is allowed as per the companies act, 2013.
how much money need to open?
Please call Ms Rina for details on +91 89297 89174
1- There should be central government approval to register a Section 8 company.
2- So can we register section 8 company by staying in Mumbai…?
3- And if it can be done, please suggest me.
4- What should be the minimum number of members required to start a Section 8 company?
5- What document do we get after the registration is completed?
6- Can we register online ...? Or do we have to do it through an agent?
7- How much does it cost to register...?
I am asking you this because after watching your video, I think so far people have given us wrong information on the pretext of information.
That is why I am expressing my desire to get all this information from you to clear my confusion.
THANK YOU TEAM.
Please call Ms. Pooja for details on ±91 9540993525
Hello mam
Mam Kya co-operative society bhi section 8 ke under me ati hai agar ati hai to hum kaise registered kar sakte hai pls suggest
Please call Ms. Ancahl for details on
9599333851.
Perfect information.
Can promoters draw salaries if they become executive director?
Yes
Can I convert existing Trust into Section 8 company
Yes, if few conditions are fulfilled. Please call Ms. Protima for details on 9540003546.
Section 8 compnies can show profit in balancesheet?? ?
Yes, but it can not use profit for personal benefits, profits can be used for the objects with which section 8 company was formed.
For details, please call Ms. swati on 9540026175.
Nidhi chala rahe hai microfinnance ka regd.karwana chahte hai
section 8 campay se insuard lone de sakate he kya
No, it is not allowed in section 8 company.
Ham sec 8 company chalu korne ke liye kya korne chey
Please call Ms. Anchal for detailed information on 9599333851
.
Cast of registration?
To know more visit our website neusourcestartup.com or call +918929014609
Hii I'm sunny devhuns mujhe microfinance company registration karwana he
Please call Ms. Rina for details on 8929789174.
Keya section8 company ko bank account der se khulne ke liye fin vi ho sakta hai?
Kisi bhi company ko register hone k baad 30 days m current account open karna hota hai, uske baad kuchh restrictions hote hai.
For more details please call Ms. Pooja on 9540993525.
Aap Kaha se hamko section 8 kampany banana hai kya kya dena Hoga kya charge lagaga
Section 8 company registration me kitna paisa lagega
Please call Ms Pooja on 9540993525 for details
Micro finance khulne k liya paisa kahase ati hai
Paisa promoters ko yane ki khud aapko arrange karna hota hai.
Cost for registration ?
Pls call to ms protima 9540003546
Section 8 company me loan de sakte hai kya
No, detailed information ke liye Call kare (Ms Protima - 9540003546)
Section 8 mfi registration ho skta he plz reply
Dear Raju Kumar,
Yes it is possible.
Microfinance is not banned in India, however according to the recent data the registrar of Companies is not approving this set of company, denying in microfinance approval is mainly on account of misuse done by the various companies. Companies illegally accept deposits and then runs away at the time of maturity and hence, catching the eye of the government which ultimately results into the unofficial ban.
In India basically two types of microfinance business is allowed, one is which has to be registered with the Reserve Bank of India (RBI) and another is the non-profit type, which is registered as section 8 company and does not require RBI approval.
• Micro Finance with RBI Approval: You will require at least 5 crores capital and a registration with the RBI. This type of registration is always open but involves a risk because approval is in the hands of RBI.
• Micro Finance without RBI approval: This microfinance approval is one of the best options available in the market. This microfinance is registered under section 8 of companies act and most importantly it does not require RBI license or 5 crore capital.
Minimum how many members required for forming section 8 company?
2
Section 8 company ke liya kitna kharch ata a
Please call Mr Lakshmikant on 9599333192 for details
Npo merged with other company or not
Sir i want to micro finance by section 8 company is it pissible
Pls reply me medom
It's possible through nidhi company not by section 8 company
sir
crowd funding ke liye section 8 me registration karwa sakte he kya ?
Please call Ms Swati on 9540026175 for details
Section 8 company khulne ke liye kya karna padega
Call ms pooja 9540993525
Can section 8 company convert in private company?
yes with the approval of authority.
Who is the authority?
Please contact Ms Swati on 9540026175
for details
One one person company ko.
I want CS for startup section 8 company
Call swati 9540026175