Understanding Charitable Trusts in India
In India, the most commonly understood form of constitution for achieving charitable objectives is a trust. A trust, created for charitable and/or religious...
The rules and regulations that govern the functioning and operations of an Association of Persons (AOP) are commonly referred to as bylaws.
These bylaws play a crucial role in defining the r...
BOI (Body of Individuals) and AOP (Association of Persons) are two different terms used in Indian income tax law. They represent different types of entities for tax purposes.
Here how they are di...
Non-Profit Organizations (NPOs) often get tax exemptions if they work for charitable, educational, or scientific purposes. They don't pay income tax but might still pay other taxes, like on empl...
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The goal of conversion in NPOs is to build a strong base of supporters who are not only willing to contribute but also actively participate in advancing the organization's goals and objectives.
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A Section 8 Company, under Indian law, is a nonprofit formed for specific charitable purposes.
It utilizes its income for these objectives, with profits dedicated to promoting activities for publi...
A legal trust is like a special box where someone puts their valuable stuff, like money or property, to be taken care of by someone else called a trustee. The trustee manages and gives these things ...
An Association of Persons (AoP) is a legal entity formed by individuals with a shared purpose, operating under a constitution or bylaws.
Members contribute resources and collaborate towards common...
A society is a legal entity formed by individuals or groups with shared objectives, governed by bylaws. It aims to promote social, cultural, educational, or charitable purposes, fostering collaborat...