Commercial Activities by Registered Non-Profit Organisations Require Objective Nexus, Separate Accounts, and Additional Public-Utility Conditions. Section 2(23) retains the established charitable-purpose categories while locating commercial-activity limits outside the definition. Registered ... Summary
Commercial Activities by Registered Non-Profit Organisations Require Objective Nexus, Separate Accounts, and Additional Public-Utility Conditions.
Section 2(23) retains the established charitable-purpose categories while locating commercial-activity limits outside the definition. Registered non-profit organisations outside the general-public-utility category may undertake commercial activity only when it is incidental to their objectives and supported by separate books of account. Organisations advancing general public utility must additionally undertake the activity in actual pursuit of that object, keep commercial receipts within 20% of total receipts, and maintain separate books of account.
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