Non Profit Company / Organisation

R990.00

Register your non profit company. Invest back in the community through the correct channels

A Non-Profit Company without members and with a standard MOI(CoR15.1C) may be registered manually and electronically.

A non-profit company without members and with a customised MOI may only be registered manually.

A non-profit company with members, long form can only be registered manually.

Difference between an NPO and NPC

NPO: The Department requires 6 Office Bearers/Committee Members in a Voluntary Association.

NPC:  There must be a minimum of 3 Directors

Family related: There must be a minimum of 3 non-related Office bearers. This includes immediate family and all relation to the second degree.

Description

A non-profit company is a company incorporated for public benefit or other object relating to one or more cultural or social activities, or communal or group interest.

The income and property of a non-profit company is not distributable to its incorporators, members, directors, officers or persons relating to any of them and must be used to advance the purpose for which it was created, as set out in its MOI. A non-profit company must have at least three incorporators and three directors and may be registered with or without members. A non-profit company is not required to have members. The members of a non-profit company are persons who participate in the activities of the non-profit company, such as members of a church or a pension fund. Non-profit companies registered without members, may be registered with a standard or a customized Memorandum of Incorporation (MOI).

What about tax?

The company needs to apply for a tax exempt status to be free from any form of tax. If not applied, the company will be liable for tax. Income tax returns is still required to do.

Directors & Shareholders

Duration: 5 Days