Section 8 company licence permits removing 'Limited' when profits fund objects and distribution to members is prohibited. Licence under section 8(5) authorises a qualifying company to omit 'Limited' or 'Private Limited' from its name subject to conditions: the company must be governed by its memorandum; apply all profits and property solely to its stated objects and prohibit distribution of dividends to members; restrict member payments to out of pocket expenses, reasonable interest or rent; permit prudent remuneration to non member officers and for bona fide services; require Registrar approval for alterations to constitution; permit amalgamation only with similarly registered companies; and allow revocation for contravention, fraudulent conduct or conduct prejudicial to public interest.