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A Quick Overview Of Section 8 Company- Unraveling The Process And Benefits

Company Law / /

Under Section 8(1) of Companies Act 2013, a Section 8 company is defined as an organization whose objectives are to promote arts, commerce, science, research, education, sports, charity, social welfare, religion, environmental protection, or other similar activities goals. These entities utilize their profits to achieve their mission and do not distribute dividends to their shareholders.

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