All about Section 8 Company formation with charitable Objects

• July 4, 2020
• CA Chandan Agarwal's Office

Section 8 Company means: Companies with Charitable Objects  etc,

Section 8 of the Companies Act, 2013

Where the CG has satisfied that a person or an association of person proposed to be registered under the Act as a limited Company.

The Objects of the company is –

• the promotion of commerce, art, science, sports, education, research, social welfare, religion, charity, protection of environment or any such other object;
• intends to apply its profits, if any, or other income in promoting its objects; and
• intends to prohibit the payment of any dividend to its members,

The Central Government may, by licence issued in such manner as may be prescribed

Read more on: https://taxguru.in/company-law/section-8-company-formation-charitable-objects.html