Power of Central government to issue the license–
(i) Section 8 allows the Central Government to register such person or association of persons as a company with limited liability without the addition of words ‘Limited’ or ‘Private limited’ to its name, by issuing licence on such conditions as it deems fit.
(ii) The registrar shall on application register such person or association of persons as a company under this section.
(iii) On registration the company shall enjoy same privileges and obligations as of a limited company.
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