19/11/2018 Financial & Legal Services
For the purpose of Section 8 Company registration there are certain requirements to be met. These pre-requisites are:
1. The main object of the proposed company must be charitable like research or promotion of commerce, art, education, sports, health or any other related social causes.,
2. The profits of the proposed company must be invested back or used in any other way for furtherance of main objects.
3. No dividends can be paid to the members, only out of pocket expenses can be reimbursed to them.