Selection & Company
Section 8 companies are companies registered under companies’ act 2013 for charitable organizations or for nonprofit organizations. The purpose of registering Section 8 Companies is to promote commerce, education, arts, social welfare, religion etc. The profit or Income generated from such activity will be utilized only for promoting such activity, no dividend or share or profit is paid to its members. Section 8 companies are similar to Trust or Society, but registered under the Central government’s Ministry of corporate Affairs.