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What are the key Conditons for Section 8 Company ?

Section 8 Company Registration

Endors Shubham Published On: 09 Aug 2019

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Endors Pradeep Kumar Published On: 09 Aug 2019
  • Profit or Income of the Company shall be applied for the promotion of the main object.
  • Declaration of dividend or distribution of profit to the promoters is not allowed.
  • No member shall be appointed as a remunerated officer.
  • No remuneration / benefit shall be paid to a member being a servant / officer of the Company (except reimbursement of out of pocket expenses, reasonable interest on money lent or reasonable rent on the premises)
  • Subsequent alteration of MoA & AoA requires prior approval of Central Govt. (i.e. ROC)

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