Section 8 Company is a Company that is licensed under Section 8 of the Companies Act, 2013 (the Act), erstwhile known
as the Section 25 Company under the Companies Act, 1956, which had the main object; For promoting research, social welfare, religion,
charity, commerce, art, science, sports, education, and the protection of the environment or any such other object, provided that the profits, if any,
or the other income is applied for promoting only the objects of the company and Also, No dividend is paid to its members.
Section 8 Company is a company which is registered for charitable or not-for-profit purposes. This Company is, however, similar to a Trust or Society;
an exception is that a Section 8 Company is registered under the Central Government’s “Ministry of Corporate Affairs (MCA)”whereas the Societies and Trusts
are registered under the State Government regulations. This, however, has various advantages when it is compared to Trust or Society and it also has higher
credibility amongst the donors, Government departments, and other stakeholders. Further, the key feature of this Company is that the name of the Company can
be incorporated without using the word “Limited” or “Private Limited” as the case may be.