can NPO company ( sec 8) raise fund from IPO ?
2- is doctor clinic and medical store is NPO ??
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Can NPO company ( sec 8) raise fund from IPO ?
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Summary: A Section 8 company cannot raise funds via an IPO because its legal structure forbids profit distribution and dividend payments. Similarly, a doctor's clinic or medical store is not a non-profit organization by default; they are typically for-profit businesses unless they are specifically registered as a trust, society, or Section 8 company with a charitable mission.
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