Section-8 companies are registered for charitable purposes.


A section-8 company can be incorporated by at least 2 persons, one of whom should be an Indian Citizen residing in India. Such companies are established for the “promotion of art, commerce, science, sports, education, research, social welfare, religion, charity, protection of the environment or any such other object.”


Sole object of a section-8 company is to apply all its profits and other income in promoting the objects for which it is incorporated and prohibits the payment of any dividend to its members alongside enjoy all privileges and of a limited company