Register your Section 8 or Section 25 Company in Bangalore through Shoplegal. For a private limited Section 8 Company, a minimum of 2 promoters is needed, while a public limited Section 8 Company registration in Bangalore requires at least 7 promoters. Despite being a Section 8 entity, these companies can generate income, but the profits must be directed towards their defined objectives without benefiting the promoters. NGOs and Section 8 companies receive various exemptions and benefits.

The mandatory requirements for Section 8 company registration are as below:

• A Section 8 company needs registration under the MCA and must meet the minimum director and shareholder requirements as per the Companies Act, 2013.
• Members are not entitled to any profits; instead, earnings should go into charity or business growth.
• These companies operate under the guidance of their Board of Directors according to their MoA and AoA.
• They must comply with key provisions of the Companies Act, 2013, such as maintaining financial records, conducting audits, filing returns, and holding board meetings.
• Moreover, a Section 8 Company cannot directly modify its MoA & AoA without obtaining permissions from the Central Government.