Question
Non-Profit Association means an institution formed for providing services.

Answer

  • The non-profit association is a voluntary association established for conducting social, cultural, educational, or economic activities.
  • Such associations work for the benefit of the members and for society.
  • These associations are service-oriented, which promotes the welfare of society.
  • Examples: Rotary clubs, social clubs, sports clubs, educational institutions, recreation clubs, cultural clubs, chamber of commerce, etc.
  • Thus, Non-Profit Association means an institution formed for providing services.

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