Content Options

View Options

not-for-profit body

    52a body which by virtue of its constitution or any enactment:

      1. (a) is required (after payment of outgoings) to apply the whole of its income, and any capital which it expends, for charitable or public purposes; and
      1. (b) is prohibited from directly or indirectly distributing among its members any part of its assets (otherwise than for charitable or public purposes).