Question

Under which section of the Companies Act, 2013,companies are registered as non-profit organizations with the aim to promote arts, commerce, education, social welfare, or other specified objectives?

A Section 18 Correct Answer Incorrect Answer
B Section 25 Correct Answer Incorrect Answer
C Section 42 Correct Answer Incorrect Answer
D Section 8 Correct Answer Incorrect Answer
E Section 13 Correct Answer Incorrect Answer

Solution

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.

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