Section 8 Company generally promotes non-profit objectives such as trade, commerce, arts, charity, education, religion, etc. A Section 8 Company is the same as the Section 25 Company ( the old Companies Act, 1956) the Section 25 has now become Section 8 ( the new Companies Act, 2013). These are limited in nature without adding the word "LIMITED" in their name.
The main purpose of a trust is to transfer assets from one person to another. Trusts can hold different kinds of assets. Investment accounts, houses and cars are examples. One advantage of a trust is that it usually avoids having your assets (and your heirs) go through probate when you die.
A Society is formed when group of individual comes together for a mutual interest. These societies are mostly formed for the promotion of charitable causes. Minimum seven people are required to form a society and these societies are governed by the ‘Societies Regulation Act'.
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