Section 8 Company is formed to encourage and nourish certain acts of art, education, science, sports, religion, charity, social welfare, research, protection of environment or any other related objective. The sec 8 company does not pay any bonus or dividend to its members. The profits of this company are used towards achieving and promoting the objective of the company.
Such authorities may make representations, if any, within 60 Days. A copy of proof of serving such notice shall be included in application.