FAQ about Incorporating Limited Liability Partnership
FAQ about Incorporating Limited Liability Partnership What is a Limited Liability Partnership?
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-Suitable for charitable and other non-profit activities..
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- Get your Section 8 Company Registration @ Rs 4999/- + Expenses
Note:- The above price might vary as per the deed and amount of contribution Trademark filling excludes government fees.
Section 8 Company is not allowed to raise capitals by way of deposits but they can accept donations from the general public. Below are some of the ways by which it can raise funding:
Yes a registered office is mandatory for starting a Section 8 Company.
No. Rule 3 of the Companies (Incorporation) Rules, 2014 prohibits a one person company to be incorporated as section 8 company or to convert into a Section 8 Company.
Registrars of Companies of respective jurisdictions are delegated with the powers of Central government to issue license to Section 8 Companies.
The person must be of 18 years or above and can be native to any country.
A minimum of two people is required to register a section 8 company in India.
Can be used to create charitable entities.
● The main instrument of the trust is the deed, it is where the main objective and instruments are specified clearly during incorporation.
● The licensing must be done from the Government where is issued by the Ministry of Corporate Affairs.
● The Company would have profit and lose just like other incorporations, but this must all be dealt only via charitable activities.
● It is established as trust via the trust deed by the members who result to form the management.
A Non-Governmental Organization (NGO) is an organization that is independently established and operated, usually with a charitable, educational, religious, or social purpose. NGOs are usually non-profit and do not have a profit motive. A Section 8 Company is a non-profit organization formed to promote commerce, art, science, sports, education, research, social welfare, religion, charity, protection of environment or any other such object. Section 8 companies are allowed to generate profit but they must use their profits for the purpose of achieving their goals and not for the benefit of its members.
Yes, NRIs, foreign nationals, and foreign entities can register a company and invest in India, subject to the Foreign Direct Investment norms set by the RBI. However, incorporation rules in India require for one Indian national to mandatorily be a part of the company on the Board of Directors.
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FAQ about Incorporating Limited Liability Partnership What is a Limited Liability Partnership?
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