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    Query wrt Section 8 company

    Posted By : Damini / Published on : 07-Nov-2020 10:28 AM / View : 655 / Comment : 0

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    A section 8 company is Incorporated , object is they will fund education of School kids n ol.
    They want to take monthly donation from random public 500/- each monthly and with that it will fund the object. My question is:
    1. Can a section 8 company accept such donation?
    2. If yes, what are the compliance requirements?
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