Dear team
As per Rule 3(5) , why an OPC is prohibited to incorporate Section 8 company. Unable to understand the intentiion of the law maker behind this prohibition.
regards
Deepak
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Section 8 company - charitable objects
Replies (1)
main intension to form opc is doing business for earning profit and no such intesion of sec 8 co to earn a profit thats why company law prohibited
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