1. Can a subsidiary company be a section 8 company?
2. Also can a subsidiary company of a international NGO in India be a Section 8 company?
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Can a subsidiary company be a section 8 company?
Replies (1)
Yes ,Many Companies Set Up Section 8 Companies For Philanthropic Purposes ,Mostly Due to CSR activities ,But section 8 companies can't give any return to members and purely for the purpose defined in act ;
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