Section 8 Company
- Category: CONSULTING
- Keywords: Company Registration, Company Incorporation Services, Company Formation
- Manufacturer Name:
- Packing size:
- Price: ₹8,999
Description
Popularly known as Section 8 company is a company registered with charitable objects such as the promotion of Arts, commerce, science, education, sports, protection of the environment, religion, charity, etc. By promoting it as a not-for-profit organization, the Act does not bar the company from profit creation but rather prohibits distributing profit among members. This says that all the income or profit from any activity of the company must be utilized towards charitable purpose for which it is registered.