A Section 8 Company is related to endorsement of religion, social welfare, charity, science, art, research, education, sports, protection of the environment, and other similar entity. The sec 8 company formation proposes to implement entire income, earning, and profit in promoting these entities.
There is no clause of income and or dividend to its members. These companies are considered limited companies due to their registration under the Companies Act. They will be regarded as a limited company but without the name “limited” addition to their name. These companies can be registered under