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Assertion: Solar Energy Corporation of India converted itself from Section 8 Company to Section 3 Company under the Companies Act, 2013 and renaming it as Renewable Energy Corporation of IndiaReason : Section 8 company can only engage in activities of promotion of commerce, art, science, sports, education, research, social welfare, religion, charity etc., but not commercial activity leading to trade, buying and selling etc. resulting in profit and distribution of dividend

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Assertion: Solar Energy Corporation of India converted itself from Section 8 Company to Section 3 Company under the Companies Act, 2013 and renaming it as Renewable Energy Corporation of India<br>Reason : Section 8 company can only engage in activities of promotion of commerce, art, science, sports, education, research, social welfare, religion, charity etc., but not commercial activity leading to trade, buying and selling etc. resulting in profit and distribution of dividend






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