Exemptions Availed to The Section 8 Company Registration
Section 8 Company registration is a registered charitable institution with the objective of promoting science, commerce, art, sports, religion, research, etc. Section 8 company is governed by the Ministry of Corporate Affairs (MCA). It requires a license from the Central government. There is a misconception that the said company is formed for ‘not for profit’. However, the fact is that there is no restriction for a company under section 8 to earn profit while carrying on its objects.
Continue Reading....