Law · Corporate Law
Under Section 8 of the Companies Act, 2013, what is the mandatory statutory requirement regarding the profits earned by a Section 8 Company?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1They must be distributed equally among shareholders as annual dividends.
- 2They must be applied solely towards promoting the charitable/social objects of the company.✓
- 3They must be transferred to the Consolidated Fund of India.
- 4They must be invested exclusively in central government securities.
Correct answer
They must be applied solely towards promoting the charitable/social objects of the company.
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