01-11-2010, 03:08 PM
The term Association not for profit has been defined in ITO and CO in similar way.
For you concept Association not for profit means NGO's. The NGO are registered under section 42 of CO,1984. The purpose of application of CO on NGO's is to provide cover of limited liability to the members and directors of NGO's.
For you concept Association not for profit means NGO's. The NGO are registered under section 42 of CO,1984. The purpose of application of CO on NGO's is to provide cover of limited liability to the members and directors of NGO's.