npc company meaning
Updated July 2020. How long does it take to register a Non Profit company? All money or funds raised are used in specific ways to keep the Non Profit running depending on what the company does or is raising funds for. What is the meaning of NPC? If there are not a minimum of three directors, the registration will be rejected. The Non Profit Company is registered with CIPC (Companies and Intellectual Property Commission) but the directors will be running the company and have certain roles to play. National Petrochemical Company of Iran National Power Corporation , a government-owned corporation in the Philippines Nauru Phosphate Corporation , Republic of Nauru Funding and volunteering directly contributes to the salaries for any employees that need to be paid. What is a non-profit organization? Does a Non Profit company need to pay income tax returns to SARS? List of 636 NPC definitions. SARS will pick up if any fraudulent business is going on by audits and tax returns. Definition of NPC in the Definitions.net dictionary. Different examples would be a church. Meanings of NPC in English As mentioned above, NPC is used as an acronym in text messages to represent National Power Company. What does NPC stand for in Construction? List page number 2 How many directors are required for a Non Profit company? NPC – Non Profit Company. There has to be a minimum of three directors which are natural persons. It can also be used for animals or sanctuaries. For your public society organisation to be recognised as a legal entity, you must register it as a Non Profit Company (NPC). This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional. Learn to play Check out our YouTube for gameplay, tips, and tricks. Most people would prefer to not have a CEO, as they usually would need to include their personal liabilities that other directors do not need to have. A lot of people get confused between NPOâs and NPCâs. Non Profit Companies do make money; they just do not make a profit. Once this is done, it will cost you R475, 00. A profit would be for personal gain, no director can have any personal gain from a Non Profit Company. All moneys are taxable, it just depends on who is liable to pay. There is an MOI on a Non Profit Company as well as a constitution. NPC (Non Player Character) Usually used to refer to characters in an MMORPG that are computer controlled Wow that NPC is selling cheap swords ! An NPC is described in s 1 of the Companies Act as a company – ‘( a ) incorporated for a public benefit or other object as required by item 1(1) of Schedule 1; and ( b ) the income and property of which are not distributable to its incorporators, members, directors, officers or persons related to any of them except to the extent permitted by item 1(3) of Schedule 1’. NPC: National Panhellenic Conference: NPC: National Power Corporation (Philippines) NPC: Nasopharyngeal Carcinoma: NPC: National Population Census (various nations) NPC: National Polytechnic College (California) NPC: Navy Personnel Command: NPC: Noise Pollution Control (Canada) NPC: Nippon Precision Circuits (Japan) NPC: National Power Company (various nations) NPC Construction NPC abbreviation meaning defined here. The only way to positively know your name option is free is to submit it on the CIPC website and await their results. Most organizations have volunteers, but some staff are paid. If the Non Profit Company needs to pay employees, the much needed funds will have to be split into salaries. Please note that National Petroleum Company PLC is not the only meaning of NPC. A Non Profit Company is registered with the purpose of not gaining profit for self gain; therefore it cannot have shareholders with shares that are valued at a certain amount. A non-profit company may be incorporated with or without members. There has to be no less than 5 members in order for the Non Profit Organization to be registered. Npc definition at Dictionary.com, a free online dictionary with pronunciation, synonyms and translation. An NPC, which stands for Non Profit Company, has a certain purpose. It can also be registered for the community or a group. The Intellectual Property Commission known better as CIPC does all company registrations related to Private Companies and Non Profit Companies. 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