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The Role of Section 8 Company in Financial Business

A Section 8 company, also known as a Section 8 nonprofit company or a Section 8 organization, is a type of company that is incorporated under Section 8 of the Companies Act, 2013 in India. This section of the law allows for the formation of companies with charitable or nonprofit objectives. Section 8 companies are established for promoting art, science, commerce, religion, charity, social welfare, sports, education, research, or any other useful object that benefits the public. The primary objective of these companies is not to make a profit but to engage in activities that are for the benefit of society.   Do you have the zeal to do some passionate work for society? Well, you can build your own company and help people in a proper manner as the government does. For that, you need to initiate the Section 8 Company registration process. You can attract people's funds legally into your company after you have done the process. What is a Section 8 company? A Section 8 company