19 March 2026
Yes, a Section 8 company can execute projects outside India, but board approval is only the very first step. To proceed legally and without heavy financial penalties, the company must ensure its MoA allows international work, comply with FEMA guidelines for moving funds, and crucially, obtain prior approval from the CBDT under Section 11(1)(c) of the Income Tax Act to maintain its tax-exempt status on the money spent abroad.