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of <h1>Section 8 Companies: Charitable Status Without 'Limited' Tag, Focus on Social Goals, Strict Compliance Required</h1> Section 8 of the Companies Act, 2013, allows the Central Government to register a person or association as a limited company for charitable purposes without the 'Limited' or 'Private Limited' suffix. Such companies must promote objectives like commerce, art, science, education, and social welfare, apply profits to these objectives, and prohibit dividend payments. They enjoy the privileges of limited companies but require government approval for altering their memorandum or articles. The government can revoke licenses for non-compliance, potentially leading to the company's conversion or amalgamation. Non-compliance results in fines, and fraudulent conduct can lead to further penalties.
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