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    Question

    NCFE a non profit organization was set up under which

    section of the company act 2013?
    A Section 5 Correct Answer Incorrect Answer
    B Section 6 Correct Answer Incorrect Answer
    C Section 7 Correct Answer Incorrect Answer
    D Section 8 Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    Section 8 Company – Companies with Charitable Objects NCFE is a Section 8 (Not for Profit) Company under the Companies Act, 2013 promoted by RBI, SEBI, IRDAI and PFRDA. Reserve Bank of India (RBI) has released the National Strategy for Financial Education (NSFE): 2020-2025 document for creating a financially aware and empowered India. In India, a non-profit organisation can be registered as Trust by executing a Trust deed or as a Society under the Registrar of Societies, or as a private limited non-profit company under Section 8 Company under the Companies Act, 2013.

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