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of <h1>Company Licensed Under Section 8(5) to Omit 'Limited' Must Adhere to Strict Profit and Merger Rules</h1> A company registered under the Companies Act, 2013, has been granted a license under section 8(5) to omit 'Limited' or 'Private Limited' from its name. The company must adhere to its memorandum of association, applying profits solely to its stated objectives without distributing dividends to members. No remuneration is allowed to members except for specific expenses and services. Changes to its memorandum or articles require prior approval from the Registrar. The company can only merge with another similar section 8 company. The license may be revoked if the company violates section 8 requirements or conducts fraudulent activities.
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