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Can the NGOs/Trusts invest in proftable ventures and proceeds can be utilised for welfare activities?

April 26, 2017activities invest NGOs proceeds trusts utilised ventures welfare

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Can the NGOs/Trusts invest in proftable ventures and proceeds can be utilised for welfare activities?

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A.31. No. The NGOs/Trusts should utilise the funds for the welfare purpose or related activities for which it is received. The utilization should be in line with the objectives of the association. However, foreign contributions can be utilised for self-sustaining activities, not meant for commercial purposes.