Section 8 Company

n India, there are mainly the following types of non-profit organizations(NGO's):

1. "Section 8 Company" as per Companies Act, 2013 (Section 25 as per old Companies Act, 1956)

2. "Societies" registered under Section 20 of the Societies Registration Act 1860

3. "Trusts" formed under Indian Trusts Act 1880

Main restrictions
The purpose of section 8 company is same as like other NGO's.The main object may for promoting research, social welfare, religion, charity,commerce, art, science, sports, education, and the protection of the environment or any such other object, provided that the profits, if any, or the other income is applied for promoting only the objects of the company and also, No dividend is paid to its members. Intends to apply its profits, and any other income in promoting its objects only.

otherSame as mentioned in 

https://www.vardhmantaxcon.com/startbusiness/section-8-company--ngo- 

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