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query on section 8 company

194 views 6 replies
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
so company raises capital by issue of shares nly
but won't distribute dividend. it collects nly funds and donations.


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