Which company can be registered under section 8?
A Company can be registered as Section 8 Company if it:
a) has in its objects the promotion of commerce, art, science, sports, education, research, social welfare, religion, charity, protection of the environment or any such other object.
(b) intends to apply its profits, if any, or other income in promoting its objects.
(c) intends to prohibit the payment of any dividend to its members.
The company registered under this section shall enjoy all the privileges and be subject to all the obligations of limited companies.