Section 8 Companies occupy a unique position in India’s corporate landscape. Incorporated exclusively for non-profit or charitable objectives – such as the promotion of commerce, art, science, religion, education, or social welfare – they enjoy special privileges including exemption from stamp duty, liberal tax treatment, and relaxed governance norms. However, this special status also means that when it comes to dissolution, the law treats them differently from ordinary companies.
This advisory is intended to guide professionals – including Company Secretaries, Chartered Accountants, and legal practitioners – through the legally permissible routes for closing a Section 8 Company, the procedural intricacies involved, and…