FAQ's
Section 8 Company is better than Trust and Society,Because it has the more existence than Trust and Society.
No, Rule 3(6) of the companies act-2014 prohibits one person company to in securities in body corporate.
Yes, a Limited Liability Partnership Company and One Person Company become a member of Section-8 Companies.
Yes, a Section-8 company required obtaining the commencement of business through INC-20A.
Yes, they need to file INC-20A and deposit the shareholding amount in the Company’s bank account within 180 days from its incorporation.
Yes, subject to the compliance of applicable of RBI Act.
Yes, by passing the special resolution and need to approve by Registrar of Companies.