A Section 8 Company is a non-profit organization formed under Section 8 of the Companies Act, 2013. Its primary objective is to promote charitable activities such as commerce, art, science, sports, education, research, social welfare, religion, environmental protection, or other similar objectives. Instead of distributing profits to its members, the income is reinvested to further the company's objectives.
Key Features of a Section 8 Company :
A Section 8 Company is ideal for individuals or groups looking to operate a charitable or non-profit organization with legal recognition and operational transparency. It provides credibility, structured governance, and access to funding opportunities from government or CSR bodies.
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