8) Sai along with his six friends desires to incorporate a Section 8 Company under the
Companies Act, 2013. He is seeking your advice in the following matters :
(i)What is the minimum paid-up capital requirement in case of a Section 8 Company ?
(ii)Whether a firm can be member of the Section 8 Company ?
(iii)Whether the Section 8 Company can pay dividend to its members ? Advise, Sai with reference to the provisions of Companies Act, 2013.

Answer rating: 100% (QA)

Answer iThe requirement of having a minimum paid up share capital shall not apply to ... View the full answer