Understanding Section 8 Companies: A Comprehensive Guide
Alisha Joy31 Jul, 2024Business
A Section 8 Company in India is a not-for-profit organization established under Section 8 of the Companies Act, 2013. Its primary goal is to promote social welfare, education, arts, science, sports, and more. Profits are reinvested to achieve the company's objectives, with tax benefits and no dividend distribution to members.
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