https://www.taxtmi.com/article/detailed?id=5876 Section 8 companies may be formed to promote charitable and similar objects, must apply profits to those objects and prohibit dividend distribution; formation and conversion require Central Government licence issued on prescribed application, documentary and procedural compliance, and the Registrar may impose conditions or require insertion of licence terms into memorandum or articles; the Central Government may revoke licences, direct conversion, winding up or amalgamation for contraventions, fraudulent conduct or public interest concerns, and defaults and fraud attract statutory penal consequences. en-us Sat, 18 Oct 2014 07:26:50 +0530 Sat, 18 Oct 2014 07:26:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=5876 Section 8 companies may be formed to promote charitable and similar objects, must apply profits to those objects and prohibit dividend distribution; formation and conversion require Central Government licence issued on prescribed application, documentary and procedural compliance, and the Registrar may impose conditions or require insertion of licence terms into memorandum or articles; the Central Government may revoke licences, direct conversion, winding up or amalgamation for contraventions, fraudulent conduct or public interest concerns, and defaults and fraud attract statutory penal consequences. Articles Corporate Laws / IBC / SEBI Sat, 18 Oct 2014 07:26:50 +0530 https://www.taxtmi.com/article/detailed?id=5876