A Section 8 Company is a non-profit organization that helps people through charitable work.<\/p>\n\n\n\n
It works for causes like education, to help people who are in need, to save the environment or to promote art and culture.<\/p>\n\n\n\n
The goals of a Section 8 Company are clearly stated in a part of its document called the Object Clause of the Memorandum of Association.<\/p>\n\n\n\n
If this company wants to do things or change what it does it has to change their Object Clause first.<\/p>\n\n\n\n
Because, Section 8 companies get special exemptions and only do charitable work, to change their Object Clause is a big deal and has to be done carefully. The rules for changing the object clause are stricter compared to other companies.<\/p>\n\n\n\n