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coffees hello everyone welcome to corbis my name is pankastyagi and in this video well talk about strikeoff section 8 companies section 8 companies established to promote art commerce sports science education social welfare charity religion protection of natural resources and any such other object such companies are obligated to allocate their profit to serve these objects only the concept of dividend distributions amongst members does not work in section 8 companies the overall business affair of section 8 companies revolves around charitable goals the section 8 companies fall under the companies act 2013 and it is identical to trust and society section 8 companies is ideal for promoters seeking to serve charitable intention such companies cannot use the terms like private limited or public limited in their name as it is prohibited under the governing act now lets find out why voluntary strikeoff is not available to section 8 companies unlike other registered companies the section 8