An NPO/NGO can be formed for the promotion of any useful object like sports, education, research activities etc.
An NPO/NGO can be formed for the promotion of any useful object like sports, education, research activities etc. The term No Profit does not mean that the Company cannot generate profit or income, but it essentially means applying the income for further promotion of the object and not for distributing it to the promoters.
It means that the Company can earn profits but the promoters cannot be benefited out of those profits.
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