"Non Profit organization " means any person other than an individual, which is __
- Establish for religious , educational , charitable, welfare and development purposes, or for the promotion of an amateur sport :
- formed and registered under any law as a non profit organization
- approved by the commissioner for a specified period, on an application made by such person in the prescribed form and manner accompanied by the prescribed documents and on requisition , such other documents as may be required by the commissioner
- All
Explanation
In a nonprofit organization, income is not distributed to the group's members, directors, or officers.inlam
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