A section 8 company is the one that aims to promote fields of commerce, research, arts, education, charity, sports, social, religion, and welfare, among other similar objectives.
Under the Ministry of Corporate Act, this allows the farmers cooperatives to
functions as the corporate entities.
Under the Companies Act, 1956, an NBFC company is the one that deals in the business of advances and loans and acquisition of stocks/ debentures/ shares/ securities issued by the Government or local authorities.
A partnership firm is a type of organization that involves two or more individuals to run a business in order to earn a profit.
A wholly or partially owned company is a part of a larger corporation that has its headquarters in a foreign country.
It is a combination of two entities that provide benefits of partnership and limited liability companies. This type of entity is incorporated, formed, and registered outside India with its business registered in India.