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Formation of companies with charitable objects is dealt under which of the following provision of the…

Section 8 governs formation of companies with charitable and the other specified objects. Such a company applies its profits or income toward its objects and prohibits…

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Formation of companies with charitable objects is dealt under which of the following provision of the Companies Act, 2013?

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Correct answer C

Section 8 governs formation of companies with charitable and the other specified objects. Such a company applies its profits or income toward its objects and prohibits dividend payments to its members. The provision allows licensed registration without the usual Limited or Private Limited addition to its name.

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