A Section 8 company is one that aims to register as a limited company with the primary objectives as follows-Promotion of commerce, art, science, sports, education, research, social welfare, religion, environmental protection, or any other mission. Dedication of profits for the fulfillment of the above-mentioned objectives. Prohibition of dividend payments to its members.T hese organizations provide an efficient and structured approach to conduct charitable activities for non-profit entities. They are limited companies but not required to use the suffix 'Limited' and are governed by the regulations outlined in Section 8 of the Companies Act, 2013."
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