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?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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