Section 8 Company Examples

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Section 8 company examples. Companies failing to do so are ordered to wind up their companies. Examples of section 8 companies. Examples of section 8 companies are the federation of indian chambers of commerce and industry ficci 1 and confederation of indian industries cii.

Section 25 company is the old name of section 8 company. B intends to apply its profits if any or other income in promoting its objects. In section 8 company a person or an association of persons propose to register under this act as a limited company not for profit purpose which a has in its objects the promotion of commerce art science sports education research social welfare religion charity protection of environment or any such other object.

There are 7 waiting lists open now but closing soon in texas michigan kentucky pennsylvania new york illinois and maryland 5 of the 7 waiting lists open now have applications available online. Famous examples of section 8 companies include federation of indian chambers of commerce and industry ficci and confederation of indian industries cii. The objective of these companies is facilitating the growth of trade and commerce and india.

1st clause which contain name of the section 25 or 8 company example xyz foundation or xyz association etc. The name of a company is the first thing that a person immediately connects with at the first instance. The importance of an appropriate name increases in case of a non profitable organization ngo or a charitable organization formed under section 8 of the company act 2013.

Second clause state to mention state in which registered office of the proposed section 8 company will be situated example nct of delhi for delhi or state of haryana for haryana etc. Under the companies act 1956 the law relating to ngo registration was mentioned in section 25 of the companies act 1956 and hence earlier it was also called the section 25 company in india. 7 section 8 waiting lists open now.

And c intends to prohibit the payment of any dividend to its members.