Leelaben Foundation incorporated as Section 8 company after Board nod to become a member
Board had approved the proposal for the company to become a member of Leelaben Foundation.
By ScoutQuest · · 2 min read
- Incorporation Date
- October 21, 2026
- Registered Office
- Mumbai, Maharashtra
- Licence
- Section 8(1) of the Companies Act, 2013
What the update records
- The Board of Directors, at its meeting held on October 8, 2026, had inter alia approved the proposal for the company to become a member of Leelaben Foundation, described as a proposed company limited by guarantee to be incorporated as a Section 8 company under the Companies Act, 2013.
- That incorporation has now happened: the Foundation was incorporated on October 21, 2026, with its registered office in Mumbai, Maharashtra.
- The Ministry of Corporate Affairs, Government of India, has issued the Certificate of Incorporation and the licence under Section 8(1) of the Companies Act, 2013, each dated October 21, 2026.
- The Certificate of Incorporation is enclosed with the disclosure, and the same is to be made available on the company's website.
What a Section 8 company means, in plain terms
A Section 8 company is a company licensed by the Central Government to be formed for charitable or not-for-profit objects, where the profits, if any, are applied back to those objects rather than distributed to members. This one is a company limited by guarantee, which is the usual structure for such entities — members give an undertaking rather than subscribing to share capital.
Why this is being reported
The August-stage step was the Board's approval of the company becoming a member of the Foundation. This update is the follow-through — it confirms the entity actually came into existence and that the statutory licence and certificate have been received. In other words, it moves the proposal from "approved" to "incorporated".
What a retail investor can take away
- This is an update on an earlier disclosure, recording the completion of a corporate step the Board had already approved.
- A company limited by guarantee is a membership-based structure, not a share-capital one.
- The update is about the setting up of a not-for-profit foundation and the company's membership of it; it is not a purchase of a business or a stake in a commercial venture.
The specifics to note
- Incorporation date: October 21, 2026
- Registered office: Mumbai, Maharashtra
- Licence: Section 8(1) of the Companies Act, 2013, issued by the Ministry of Corporate Affairs, dated October 21, 2026
- Structure: company limited by guarantee
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