Section 8 company registration in Cochin
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Section 25 company registration in Cochin is ideal for those focused on charitable activities, promoting commerce, art, science, religion, or other beneficial endeavors. Shoplegal assists in obtaining the section 25 company registration license, granting permission to omit 'Private Limited' from the proposed name.
The process for online section 25 company registration in Cochin aligns with general company registration procedures, requiring an additional license from the central government as per the Companies Act, 2013.
Notably, the company's name should not include terms like Private Limited or Limited at the end. Instead, it should conclude with terms like Foundation, Forum, Association, Federation, Chambers, Confederation, Council, or Electoral Trust.
Importance points in Section 25 Company,
In a section 8 company, profits cannot be shared among its members.
Voting rights in a section 8 company are determined by the shares held by each member.
For establishing a section 25 company, there's no set minimum or maximum capital requirement.
At least one director of the company must be an Indian resident, residing in India for at least 182 days.