query on section 8 company
sheik javid (student) (281 Points)
09 May 2018
does section 8 companies issue shares?
6 Replies
sheik javid
(student)
(281 Points)
Replied 10 May 2018
bcoz it run their business only for charitable purpose
Ravi geedigoudar g
(15 Points)
Replied 10 May 2018
then why we say that section 8 company having share capital?
Sana Sultana Mussu
(Student)
(5119 Points)
Replied 10 May 2018
yes...... it can have shares and issue shares
but no profit is given to share holders
i never heard a concept that section 8 company cannot issue shares
but no profit is given to share holders
i never heard a concept that section 8 company cannot issue shares
Ravi geedigoudar g
(15 Points)
Replied 10 May 2018
so company raises capital by issue of shares nly
but won't distribute dividend. it collects nly funds and donations.
but won't distribute dividend. it collects nly funds and donations.
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