Section 8 companies do not aim to make profits. Their objectives are purely charitable in nature.
Members of these companies can only have limited liability. Their liabilities cannot be unlimited in any case.
Apart from individuals and associations of persons, Section 8 also allows firms to be members of these companies.

Section 8 company is the company whose objectives is to promote fields of arts, commerce, science, research, education, sports, charity, social welfare, religion, environment protection, or other similar objectives.
Section 8 companies do not aim to make profits. Their objectives are purely charitable in nature.

Section 8 company is the company whose objectives is to promote fields of arts, commerce, science, research, education, sports, charity, social welfare, religion, environment protection, or other similar objectives. These companies also apply their profits towards the furtherance of their cause and do not pay any dividend to their members.