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    <title>Licence under section 8(5) of the Companies Act, 2013</title>
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    <description>Licence under section 8(5) authorises a qualifying company to omit &quot;Limited&quot; or &quot;Private Limited&quot; 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.</description>
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    <pubDate>Fri, 19 Apr 2019 14:51:00 +0530</pubDate>
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      <description>Licence under section 8(5) authorises a qualifying company to omit &quot;Limited&quot; or &quot;Private Limited&quot; 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.</description>
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