Contribution to charitable purpose: registered societies may, with Registrar sanction, allocate part of net profits to defined charitable objects. Registered societies may, after transferring one-fourth of annual net profits to a reserve fund and with the Registrar's sanction, contribute up to ten ... Summary
Contribution to charitable purpose: registered societies may, with Registrar sanction, allocate part of net profits to defined charitable objects.
Registered societies may, after transferring one-fourth of annual net profits to a reserve fund and with the Registrar's sanction, contribute up to ten percent of the remaining net profits to charitable purposes as defined under the Charitable Endowments Act.
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