Non Profit Incorporated Organisations Law DIFC Law No. 6 of 2012

PART 1: GENERAL…………………………………………………………………......................................................................................……1

1. Title ...................................................................................................................................................................... 1

2. Legislative Authority ........................................................................................................................................... 1

3. Application of the Law.......................................................................................................................................... 1

4. Date of enactment ............................................................................................................................................... 1

5. Commencement.................................................................................................................................................... 1

6. Administration of the Law ................................................................................................................................... 1

7. Interpretation........................................................................................................................................................ 1

PART 2: PURPOSE AND ACTIVITIES ...............................................................................................................................2

8. Purpose and activities of an Incorporated Organisation ..................................................................................... 2

9. Restrictions.......................................................................................................................................................... 2

10. Capacity of an Incorporated Organisation.......................................................................................................... 2

PART 3: FORMATION AND REGISTRATION ......................................................................................................................3

11. Method of formation .......................................................................................................................................... 3

12. Charter of Organisation....................................................................................................................................... 3

13. Registration ....................................................................................................................................................... 4

14. Effects of registration ....................................................................................................................................... 4

15. Licence .............................................................................................................................................................. 4

16. Conduct of Business........................................................................................................................................... 4

17. Name .................................................................................................................................................................. 4

PART 4: FINANCIAL RESOURCES, ACCOUNTS AND AUDIT ...............................................................................................5

18. Financial Resources .......................................................................................................................................... 5

19. Accounts............................................................................................................................................................. 5

20. Accounting Records............................................................................................................................................ 5

PART 5: FOUNDING MEMBERS AND MEMBERS................................................................................................................6

21. Members.............................................................................................................................................................. 6

22. Rights and liabilities of Members ....................................................................................................................... 6

23. Members’ Register.............................................................................................................................................. 6

24. The Board of an Incorporated Organisation ....................................................................................................... 6

PART 6: DISSOLUTION ..................................................................................................................................................7

25. Voluntary dissolution ......................................................................................................................................... 7

26. Strike off and Restoration ................................................................................................................................. 7

27. Distribution of surplus assets ............................................................................................................................ 7

PART 7: POWERS AND REMEDIES..................................................................................................................................8

28. General contraventions provision....................................................................................................................... 8

29. Application of Operating Law.............................................................................................................................. 8

PART 8: MISCELLANEOUS.............................................................................................................................................9

30. The power to make Regulations......................................................................................................................... 9

31. Waivers and modification of Law or Regulations................................................................................................ 9

32. Application of the Insolvency Law ................................................................................................................... 10

33. Public Register ................................................................................................................................................ 10

34. Fees........................................................................................................... .......................................................10

35. Conversion of existing non profit Companies to Incorporated Organisations ... ..............................................10

Schedule 1 .............................................................................................................................................................. 11

Schedule 2...............................................................................................................................................................15