AIBE XVI — October 2021 — Q.48 (Companies Act, 2013)

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Q.48

Company Law Medium Act + Section Given

Bare Act Companies Act, 2013 · Section 8

Section 8 of the Companies Act; 2013 contains provision relating to-

A incorporation of company

✓ formation of companies with charitable objects, etc. Answer

C effect of registration

D Effect of memorandum and articles.

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Explanation & Strategy

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Section 8 of the Companies Act, 2013 deals with formation of companies with charitable objects (Section 8 companies). These are not-for-profit companies formed for promoting commerce, art, science, education, sports, social welfare, research, or other charitable purposes.

1 Pick up Companies Act.
2 Go to Section 8 — Formation of companies with charitable objects.
3 Read the provision.

At a Glance

Subject Company Law

Difficulty Medium

Act Companies Act, 2013

Section Section 8

Answer (B) Act + Section Given

Paper AIBE XVI — October 2021

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