SECTION 8 COMPANY

A Section 8 Company is a non-profit organization (NPO) registered under Section 8 of the Companies Act, 2013. Formed with the core objective of promoting commerce, art, science, sports, education, research, social welfare, religion, charity, or environmental protection, its profits and other incomes are strictly applied toward promoting these objects. No dividend is paid to its members. It provides a highly credible alternative to traditional Trusts and Societies, offering the prestige of a corporate structure alongside significant central tax exemptions.