Professional Documents
Culture Documents
Non-Governmental Organisation:-
Non-Profitable Organisation:-
1. NPOs are organisations which are formed to provide goods and services
to people and also operate on the principle that no member will receive
share profits or losses by the entity.
Trust:-
1. Trust creates a legal relationship between Truster, settlor, Grantor.
2
a) A living trust holds assets during an individual’s lifetime and usually
manages and distributes them, in whole or in part, after death.
b) a testamentary trust specifies how an individual’s assets will be used
after their death.
Examples of Trust:-
Sir Ratan Tata Trust
Sir Dorabji Tata Trust
Tata Education Trust
Tata Social Welfare Trust
3
Non-Profitable Organisation:-
NPOs are organisations which are formed to provide goods and services to
people and also operate on the principle that no member will receive share
profits or losses by the entity.
Examples of NPOs:-
SOCIETY:-