Section 8 company registration in Erode

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Secure your Section 25 Company registration certificate in Erode with the transition to the new Companies Act, now termed as Section 8. This enactment allows individuals or associations to register under this act. A minimum of seven individuals is necessary for Section 25 Company registration in Erode. An interesting aspect is that even a firm can be a member in its own name. Audited annual accounts, prepared as per Schedule VI of the Act, are mandatory.

For credibility, Section 25 Company registration in Erode requires a minimum of three trustees, with no maximum limit. Section 8 Companies are established purely for social welfare without the need for minimum capital. Registering a Section 8 Company in Erode is pivotal as it offers advantages over trusts or societies, especially among donors. Once registered, Section 8 Companies gain substantial credibility among the public.

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