Section eight Company is a commercial enterprise agency registered below this location of the Companies Act,2013 as a private enterprise -
which has in its objects the marketing of commerce, arts, science, sports, education, research, social welfare, belief charity, security of environment or any such exclusive objects;
such organisation intends to exercise its profits (if any) or any unique revenue in promoting its objects; and
such corporation intends to avert the charge of any dividend to its members.
"The commercial enterprise company registered below this vicinity shall ride all the privileges and be subject to all the duties of confined companies.
A enterprise can also additionally be a member of the employer registered below this phase and can conduct their Annual General Meeting (AGM) on National Holidays."
"In very convenient phrases we may additionally additionally conclude that the companies registered under sec. eight are these agencies who have restrained liabilities and some charitable objects and they use their cash in promoting their objects. Such businesses would now not pay any dividend or bonus shares to its members."
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