Under Section 8 Companies Act 2013, a company may be registered with CHARITABLE OBJECTS (promotion of commerce, art, science, sports, etc.). Such company is required to:

1. Section 8 Companies Act 2013 enables incorporation of associations with CHARITABLE OBJECTS: promotion of commerce, art, science, sports, education, research, social welfare, religion, charity, protection of environment etc., AND intending to apply profits in promoting such objects AND prohibiting payment of dividend to members. 2. The CG may grant a LICENCE permitting the association to be registered as a LIMITED COMPANY WITHOUT addition of 'Limited' or 'Private Limited' to its name. 3. Section 8 companies may convert into another kind by complying with Section 8(4). 4. Surplus on winding up cannot be distributed; must be applied to similar charitable purposes. 5. Hence option B is correct. _Source: Companies Act 2013 (Act 18 of 2013), Govt. of India MCA — Companies Act 2013, Section 8_