dissolution company section assets treatment
Hello All,
Is it mandatory to get the KYC of directors certified by practicing professional while attaching the same in the Form STK-2?
Hello All,
Is Section 14 applicable when changing the name of the company? Are we required to file 2 MGT-14 separately for the purpose or single MGT-14 will work?
Dear All,
What is the validity period for Private Placement Offer Letter, i.e. what should be the time period to apply for the shares under Private Placement?
Dear All,
What valuation guidelines are used while reporting foreign equity investment for listed companies?
return
Dear All,
Are we required to file FLA return if we have current investments from a foreign country?
return
Dear All,
What is the downstream investment?
investment downstream
Dear All,
What attachments are required to file a start up for a company?
start
Dear All,
We have applied for IEC Code in December 12, 2022, are we required to update IEC in year 2023.
updation 
Yes, if we talk about the Section 8 companies, also known as non-profit organizations, are governed by the Companies Act, 2013 in India. According to Section 8 of the Companies Act, a Section 8 company may be wound up or dissolved voluntarily or by an order of the court.
If a Section 8 company is wound up or dissolved, any assets remaining after the satisfaction of its debts and liabilities shall be transferred to another Section 8 company with similar objects. If there is no such company available, the assets may be transferred to any other non-profit organization, registered under Section 12AA of the Income Tax Act, 1961, or to the government for charitable purposes.
The transfer of assets should be made in accordance with the provisions of the Companies Act, 2013, and any other applicable laws or regulations. The transfer of assets should be made with the approval of the court, if required, and in accordance with any restrictions or conditions imposed by the company's memorandum and articles of association.
It is important to note that the assets of a Section 8 company cannot be distributed among the members or shareholders, as the company does not have any shareholders. The assets must be utilized for charitable purposes, as per the objectives of the Section 8 company.