According to the Companies Act, 2013 it is mandatory for all the Section 8 Company Companies to follow Section 8 Compliance with the MCA (Ministry of Corporate Affairs). The information on Annual Compliance for Section 8 Company can expand your understanding and avail the benefits allowed by the government of India along with many other advantages.
The aim of creating Section 8 Company is to promote, encourage, and nourish activities concerning art, science, sports, commerce, charitable activities, etc. Section 8 Company is categorized as a Non-Governmental Organization. These have the liberty of being treated as ‘Limited Company’, but the word ‘Limited’ is not added in the end.