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Section 8 Company in puducherry

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Section 8 Company Registration in Puducherry

Section 8 company is registered as a non-profit organization under the Companies Act, 2013. Section 8 companies are registered when the company has the motive to promote arts, commerce, education, social welfare, or any other income obtained to promote objectives.

Eligibility criteria of Section 8 Company registration in Puducherry.

An individual can register a Section 8 Company in Puducherry if he affirms the objectives mentioned below. These parameters have been set by the central government.

Registering a Section 8 Company in Puducherry intends to promote science, commerce, education, art, sports, social welfare, environmental protection, and other alike objectives.
Section 8 company registration in Puducherry is done when the company has an intention to invest all the profits or any6 income generated for the promotion of such subjects only.
When the company is registered as a Section 8 company it has no intentions to pay any dividend to its members.