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<h1>Form INC-16 Updated for Section 8(1) License: Supports Non-Profit Companies Promoting Commerce, Arts, Science, and More</h1> A license under section 8(1) of the Companies Act, 2013, is issued through Form INC-16. This form pertains to companies established for promoting commerce, art, science, sports, education, research, social welfare, religion, charity, or environmental protection, which intend to apply their profits towards these objectives without distributing dividends to members. The form has been updated following a notification dated May 29, 2015.
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