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Section 8 Company registration in India is meant for non-profit organizations that support the arts, business, science, charity, education, and social welfare. These companies are established based on the 2013 Companies Act and receive special advantages. It is anticipated that they will plow back earnings into the business to help reach their objectives and are not allowed to pay out dividends. Registration requires a minimum of two directors, without a specified minimum capital, and obtaining a license from the Central Government to ensure legal compliance and benefits for a nonprofit organization.
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Ad Detail: Section 8 company registration in India
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