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Section 8 Company are those businesses which is registered under section 8 of the Companies Act, 2013, which is established 'for promoting commerce, art, science, sports, education, research, social welfare, religion, charity, protection of environment or any such other object', any other income is utilized for promoting the objects of the company only and no dividend is paid to its members. In others words, Section 8 Company Registration is done under the Companies Act, 2013 for charitable or not-for-profit purposes.A Section 8 company is registered under the central government (MCA) and others trust and society are registered under the state government. Incorporation of Section 8 company has many advantages as compared to trust and societies as they have higher credibility amongst donors, government departments and other stakeholders.