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    Question

    As per the Companies Act, 2013 a non-profit organization

    can get itself registered without the addition of the word____________, to the satisfaction of the Central Government
    A S.8 company Correct Answer Incorrect Answer
    B S. 25 company Correct Answer Incorrect Answer
    C Private limited company. Correct Answer Incorrect Answer
    D Either A or B. Correct Answer Incorrect Answer
    E All the above. Correct Answer Incorrect Answer

    Solution

    Section 8 Formation of companies with charitable objects, etc. -(5) Where it is proved to the satisfaction of the Central Government that a limited company registered under this Act or under any previous company law has been formed with any of the objects specified in clause (a) of sub-section (1) and with the restrictions and prohibitions as mentioned respectively in clauses (b) and (c) of that sub-section, it may, by licence, allow the company to be registered under this section subject to such conditions as the Central Government deems fit and to change its name by omitting the word “Limited”, or as the case may be, the words “Private Limited” from its name and thereupon the Registrar shall, on application, in the prescribed form, register such company under this section and all the provisions of this section shall apply to that company   Snapshot - Topic covered in Live class of SEBI Legal Course ixamBee  

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