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query on section 8 company

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student
281 Points Posted on 09 May 2018
does section 8 companies issue shares?
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On 09 May 2018 at 20:28 Report
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PARTNER
28 Points Posted on 10 May 2018
It doesn't
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On 10 May 2018 at 06:51
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Student
5119 Points Posted on 10 May 2018
why not??🤔🤔🤔🤔
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On 10 May 2018 at 16:34
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student
281 Points Posted on 10 May 2018
bcoz it run their business only for charitable purpose
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On 10 May 2018 at 18:06
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15 Points Posted on 10 May 2018
then why we say that section 8 company having share capital?
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On 10 May 2018 at 19:43
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Student
5119 Points Posted on 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
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On 10 May 2018 at 19:58
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15 Points Posted on 10 May 2018
so company raises capital by issue of shares nly
but won't distribute dividend. it collects nly funds and donations.
1 Reply
On 10 May 2018 at 20:45


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