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Memorandum Of Association For Non Profit Organisation
"I need a Memorandum of Association for Non Profit Organisation for an educational foundation that will operate across multiple states in India, with a focus on providing free technical education to underprivileged students and the ability to receive both domestic and international funding."
1. Name Clause: Specifies the name of the organization with 'Foundation', 'Trust', or similar suffix indicating non-profit status
2. Registered Office Clause: States the location of the registered office and the state in which it is situated
3. Objects Clause: Details the charitable/non-profit objectives of the organization, ensuring alignment with Section 8 of Companies Act requirements
4. No Profit Distribution Declaration: Explicitly states that profits/income will be used only for promoting objects; no payment to members
5. Liability Clause: Declares the limited liability nature of members and their contribution in case of winding up
6. Capital Clause: Details about the organization's capital structure (if any) and membership structure
7. Association Clause: Declaration by subscribers expressing their desire to form the organization
8. Governing Body: Structure and composition of the governing body/board of directors
9. Powers and Duties: Outlines the powers and duties of the governing body and office bearers
10. Membership: Details about membership categories, rights, and obligations
1. Foreign Contribution Clause: Required if organization plans to receive foreign funding, ensuring FCRA compliance
2. Branch Offices: Include if organization plans to operate multiple offices or branches
3. Collaboration and Partnership: Include if organization plans to formally collaborate with other entities
4. Dispute Resolution: Optional clause specifying arbitration or other dispute resolution mechanisms
5. Dissolution Clause: Detailed procedure for dissolution beyond statutory requirements
6. Special Programs/Projects: Include if organization has specific flagship programs that need constitutional status
7. Advisory Board: Include if organization plans to have an advisory board separate from governing body
1. Schedule I - Subscriber Details: Details of founding members/subscribers including names, addresses, and occupations
2. Schedule II - Initial Board Members: List of initial board members/trustees with their details and positions
3. Schedule III - Rules and Regulations: Detailed operational rules and regulations (often included as separate Articles of Association)
4. Schedule IV - Asset Schedule: List of initial assets or corpus fund of the organization
5. Appendix A - Organization Structure: Detailed organizational hierarchy and reporting structure
6. Appendix B - Specific Programs: Detailed description of key programs and initiatives
7. Appendix C - Financial Guidelines: Specific financial procedures and controls for non-profit operations
Authors
Education
Healthcare
Social Services
Environmental Conservation
Arts and Culture
Religious Organizations
Research and Development
Rural Development
Poverty Alleviation
Child Welfare
Women Empowerment
Disability Support
Animal Welfare
Sports Development
Community Development
Legal
Compliance
Board of Directors
Executive Leadership
Administration
Finance
Corporate Secretarial
Operations
Governance
Strategy
CEO/Executive Director
Board Chairperson
Trustee
Company Secretary
Legal Counsel
Compliance Officer
Chief Financial Officer
Program Director
Operations Manager
Fundraising Manager
Board Member
Founding Member
General Counsel
Administrative Director
Governance Officer
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