Dissolution of an ngo

Save Share

Join Us Follow Us Add as Source

This query is : Resolved

Report Follow Query Ask a Query

ARITRA CHAKRABORTY

ARITRA CHAKRABORTY (Querist)
Follow

26 April 2018 What are the procedures of dissolving an NGO which is not in a good financial position?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

26 April 2018 Dissolution must be approved by at least three-fifths of the society's members. Upon dissolution, and after settlement of all debts and liabilities, the funds and property of the society may not be distributed among the members of the society. Rather, the remaining funds and property must be given or transferred to some other society, preferably one with similar objects as the dissolved entity. A Request letter submit in the office of Registrar of NGO , in your area..

ARITRA CHAKRABORTY

ARITRA CHAKRABORTY (Querist)
Follow

26 April 2018 Thank You sir. And what about the assets and liabilities of the said NGO?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

26 April 2018 Settle the liability and transfer the assets as stated above.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now