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Foundation Articles Of Incorporation Template for India

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Foundation Articles Of Incorporation

"I need Foundation Articles of Incorporation for an educational foundation that will operate across multiple states in India, with a focus on digital literacy programs and STEM education for underprivileged children, including provisions for receiving both domestic and international funding."

Document background
Foundation Articles of Incorporation are essential founding documents required when establishing a non-profit organization in India. This document is typically used when founders wish to create a formal charitable organization with perpetual succession and limited liability under Indian law. It must comply with the Companies Act, 2013 (for Section 8 companies) or relevant trust/society laws, depending on the chosen structure. The Articles detail the foundation's charitable purposes, governance framework, membership rules, and financial management protocols. They serve as the organization's constitution, guiding all future operations and decision-making processes. The document requires approval from the Registrar of Companies or relevant state authorities and forms the basis for obtaining various registrations including tax exemptions under Section 12A of the Income Tax Act and FCRA registration if foreign funding is anticipated.
Suggested Sections

1. Name Clause: States the proposed name of the foundation and compliance with naming regulations

2. Registered Office Clause: Specifies the state where the registered office will be situated

3. Objects Clause: Details the charitable/non-profit objectives of the foundation, separated into main objects and ancillary objects

4. Limited Application of Profits: Declaration that profits will be used only for promoting foundation's objectives with no dividend payments

5. Liability Clause: States the limited liability nature of members

6. Capital Clause: Details about the foundation's authorized share capital structure

7. Governance Structure: Establishes the board structure, appointment procedures, and decision-making processes

8. Membership: Defines categories of members, rights, and admission procedures

9. Board of Directors: Specifies composition, qualifications, appointment, removal, and powers of directors

10. General Meetings: Rules for conducting annual and extraordinary general meetings

11. Financial Management: Provisions for accounts, audits, and financial controls

12. Dissolution: Procedures for dissolution and asset distribution to other charitable entities

Optional Sections

1. Foreign Contributions: Required if the foundation plans to receive foreign funding, including FCRA compliance procedures

2. Branch Offices: Include if the foundation plans to operate multiple offices across different locations

3. Advisory Board: Optional section for establishing an advisory board structure and functions

4. Specific Program Committees: Include if specific programs or initiatives require dedicated governance committees

5. Conflict Resolution: Detailed procedures for resolving internal disputes, recommended for larger foundations

6. Investment Powers: Detailed investment guidelines and restrictions, important for foundations with substantial endowments

7. Collaboration Framework: Guidelines for partnerships with other organizations, relevant for foundations planning extensive collaborations

Suggested Schedules

1. Subscriber Sheet: Details of the founding members/subscribers including their names, addresses, and signatures

2. Initial Board Members: List of first directors with their DIN, addresses, and contact details

3. Objects Classification: Detailed classification of charitable objects as per Income Tax Act categories

4. Asset Schedule: Initial assets or endowment details contributed to the foundation

5. Governance Policies: Key policies including conflict of interest, financial controls, and grant-making procedures

6. Organization Structure: Detailed organizational hierarchy and reporting relationships

7. Power Matrix: Delegation of authority and approval limits for different levels of management

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓÆµ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions













































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Relevant Industries

Non-Profit & Charitable Organizations

Education

Healthcare

Social Services

Environmental Conservation

Arts & Culture

Research & Development

Rural Development

Poverty Alleviation

Disaster Relief

Religious Organizations

Community Development

Sports Development

Relevant Teams

Legal

Compliance

Finance

Corporate Governance

Corporate Secretarial

Risk Management

Operations

Executive Leadership

Administration

Regulatory Affairs

Relevant Roles

Chief Executive Officer

Managing Trustee

Board Chairman

Company Secretary

Legal Counsel

Compliance Officer

Chief Financial Officer

Director of Operations

Foundation Secretary

Trustee

Board Member

Executive Director

Program Director

Governance Officer

Risk Manager

Industries








Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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