Lawgical India: Expert Section 8 Company Registration Services

The Section 8 company is the company that is formed under Section 8 of the Companies Act bearing Charitable objects which include welfare for children and women, education, charity, religious, scientific or any other object of benefit of the community. The most useful aspect of Section 8 company is that the company will not be formed for earning profits for its members. Instead, it suggests that not a single dollar of profit; or any money made in the process of operation, is retained to the corporation for the purpose of fulfilling a charitable or social aim.