New RBI Grade B 2025 Notification will come Soon! Enroll Here

    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.

    Practice Next