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Hello Auditor

What are the main objectives of a Section 8 company?

1. Promotion of Commerce and Trade

  • Encouraging entrepreneurship, fair trade practices, and small business development.
  • Supporting trade associations and business innovation platforms.
  • Facilitating skill development and economic empowerment of marginalized groups.

2. Advancement of Education

  • Setting up schools, colleges, or training centers to promote literacy and learning.
  • Promoting research, innovation, and educational awareness in rural and urban areas.
  • Offering scholarships, free coaching, and digital education initiatives.

3. Promotion of Art, Culture, and Heritage

  • Supporting traditional and modern arts, music, and cultural festivals.
  • Conserving and promoting India’s rich cultural heritage and languages.
  • Running museums, libraries, or cultural centers.

4. Social Welfare and Public Health

  • Conducting health camps, sanitation drives, and awareness programs.
  • Establishing hospitals, clinics, rehabilitation centers, and mental health support.
  • Providing disaster relief, food distribution, and shelter for the homeless.

5. Environmental Protection and Sustainability

  • Promoting activities to combat climate change and pollution.
  • Organizing tree plantation, water conservation, and wildlife protection drives.
  • Educating communities on renewable energy and sustainable living.

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