Consequences of conversion of a non-profit organisation

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..... it converts into any form of organisation which does not qualify as a nonprofit organisation; or (b) it ceases to be a non-profit organisation in the financial year and any two financial years out of four financial years immediately preceeding the relevant financial year; (c) fails to transfer, upon its dissolution, all its assets to any other non-profit organisation. (2) For the purposes of this .....

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