MEMORANDUM OF ASSOCIATION
OF
RURAL SKILL AND ENTREPRENEURSHIP FOUNDATION

  1. I. The Name of the Company is: RURAL SKILL AND ENTREPRENEURSHIP FOUNDATION.
  2. II. The Registered Office of the Company will be situated in the “State of Odisha.”.
  3. III. (A) THE OBJECTS TO BE PURSUED BY THE COMPANY ON ITS INCORPORATION ARE:
  1. To develop, Establish, promote, facilitate, promotion, improvement of educational, social, cultural, economical, medical relief and skilling of youth and livelihood work to the poor and downtrodden and advancement of any other charitable and developmental objects of general public utility and welfare for all.
  2. To provide opportunities to develop skills and talents of deprived persons with the aim of generating a sustainable income and be independent to march with the time and age
  3. The benefits of the company shall be extended to the mankind, to the public at large without any discrimination on the basis on cast, sex, religion or any other.
  4. To promote commerce, art, science, sports, education, research, social welfare, religion, charity, protection of environment or any such other object;
  5. To work for the uplifting of the standard of the society at large and that too without any discrimination
  6. To undertake any Corporate Social Responsibility projects and to carry on all those activities which have been mentioned in schedule VII relevant to section 135 of Companies Act , 2013
  7. This company can receive donations from any person and can give donations to other NGOs, trusts and section 8 companies.
  8. No benefits shall be given directly or indirectly to the founder(s) or promoters or their relatives.
  9. Whenever required surplus funds of the company shall be invested strictly as per Section 11(5) of Income Tax Act, 1961.