As per the Companies Act, any individual or association of person will qualify to register as a section 8 company if it has the following objectives:
1) Promotion of commerce
2) Promotion of Arts
3) Advertising of sports and education
4) Advertising of research
5) Promotion of social welfare
6) Promotion of religion
7) For charity purpose
8) For protection of environment or any other such objectives
9) The entity must use all the profit generated to promote the objectives
10) The company must forbid the payment of any dividend to its member
11) The company registered under section 8 will enjoy all the privileges and subjects to the responsibilities of a limited company