SECTION 8 COMPANY

A Section 8 Company is a special type of non-profit organization in India, recognized under Section 8 of the Companies Act, 2013. It is established to promote activities related to charity, art, science, education, religion, sports, culture, and other welfare purposes. Unlike for-profit companies, the profits earned by a Section 8 Company are not distributed among its members or directors. Instead, all earnings are reinvested into furthering the organization's primary objectives.