59.
The answer is: B
Explanation
The correct option is B: formation of companies with charitable objects, etc.
- Section 8 of the Companies Act, 2013 deals with the formation of companies with charitable or social objectives, such as commerce, art, science, education, research, social welfare, religion, charity, environment protection, etc.
- These companies are known as Section 8 companies, and they are exempt from many of the restrictions that apply to other types of companies, such as the requirement of minimum paid-up share capital, the addition of the word "Limited" or "Private Limited" to their name, etc.
- These companies are licensed by the central government under section 8 of the Companies Act, 2013, and they have to apply their profits, if any, or other income in promoting their objectives, and to prohibit the payment of any dividend to their members.
- These companies enjoy certain benefits under the Companies Act, 2013, and are exempted from certain compliances, such as the requirement of filing annual returns, financial statements, etc.