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SECTION 8 COMPANY (COMPANY NOT FOR PROFIT)

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A Section 8 company is a limited company established for promoting commerce art, science, sports, education, research, social welfare, religion, charity, protection of environment or such any other object. In these types of companies no dividends are paid to its members. They are mainly registered for charitable or not-for-profit purposes similar to a trust or a society. They enjoy a higher credibility amongst the donors, Government departments, and other stakeholders while compared to a trust or a society.


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