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query on section 8 company
does section 8 companies issue shares?
Replies (6)
It doesn't
why not??🤔🤔🤔🤔
bcoz it run their business only for charitable purpose
then why we say that section 8 company having share capital?
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
but no profit is given to share holders
i never heard a concept that section 8 company cannot issue shares
so company raises capital by issue of shares nly
but won't distribute dividend. it collects nly funds and donations.
but won't distribute dividend. it collects nly funds and donations.
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