Electoral trust approval criteria: non profit object, no benefit distribution, mandated contributor recordkeeping and articles compliance. An electoral trust qualifies for approval only if it is a company registered under the Companies Act in the prescribed not for profit form, has a non profit object prohibiting any direct or indirect benefit to members, contributors or specified persons, maintains adequate arrangements to record receipts from contributors in accordance with the governing rules, and includes the detailed rule stipulations for electoral trust functioning within its articles of association.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Electoral trust approval criteria: non profit object, no benefit distribution, mandated contributor recordkeeping and articles compliance.
An electoral trust qualifies for approval only if it is a company registered under the Companies Act in the prescribed not for profit form, has a non profit object prohibiting any direct or indirect benefit to members, contributors or specified persons, maintains adequate arrangements to record receipts from contributors in accordance with the governing rules, and includes the detailed rule stipulations for electoral trust functioning within its articles of association.
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