What company is registered under section 8?

A Section 8 company is a non-profit organization incorporated under the Companies Act, 2013 in India. Its primary objective is to promote charitable, social, educational, or religious causes, rather than making profits. These companies can apply for tax exemptions and receive government grants. Section 8 companies are not allowed to distribute profits to members and must reinvest them for achieving their objectives. They require a license from the Ministry of Corporate Affairs (MCA) to operate.