https://www.taxtmi.com/acts?id=11749 Non profit organisation funds or assets must not be used, directly or indirectly, for the benefit of an interested person; specified transactions are deemed to constitute such benefit, including loans without adequate security or interest, provision of assets or services without adequate compensation, remuneration in excess of reasonable amounts, purchases or sales at non arm's length consideration, diversion of funds above a modest threshold, and investments in concerns where an interested person has substantial interest exceeding a prescribed capital percentage. en-us Thu, 16 Sep 2010 19:04:32 +0530 Fri, 17 Sep 2010 13:42:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=11749 Non profit organisation funds or assets must not be used, directly or indirectly, for the benefit of an interested person; specified transactions are deemed to constitute such benefit, including loans without adequate security or interest, provision of assets or services without adequate compensation, remuneration in excess of reasonable amounts, purchases or sales at non arm's length consideration, diversion of funds above a modest threshold, and investments in concerns where an interested person has substantial interest exceeding a prescribed capital percentage. Act-Rules Bills Thu, 16 Sep 2010 19:04:32 +0530 https://www.taxtmi.com/acts?id=11749