Section 8 of CA 2013 : Section 8: Formation Of Companies With Charitable Objects, Etc

CA 2013

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Explanation using Example

Imagine a group of individuals passionate about environmental conservation decide to form an organization. They want to promote sustainable living and protect natural habitats. Their goals include educating the public, organizing clean-up drives, and supporting research on renewable energy. They plan to generate income through grants, donations, and perhaps selling eco-friendly products, but they do not want to distribute any profits as dividends to members; instead, they want to reinvest all profits back into their environmental projects.

The...

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