Articles of Incorporation
IIT Bombay Heritage Fund
ARTICLES OF INCORPORATION
IIT Bombay Heritage Fund, Inc.
A CALIFORNIA PUBLIC BENEFIT CORPORATION
ONE: The name of this corporation is IIT Bombay Heritage Fund. Inc.
TWO: This corporation is a nonprofit public benefit corporation and is not organized for the private gain of any person. It is organized under the Nonprofit Public Benefit Corporation Law for charitable purposes. The specific purposes for which this corporation is organized are to fund and promote education and research among students of the Indian Institute of Technology. Bombay. The organization will achieve its goals by providing financial and other resources towards the Indian Institute of Technology. Bombay.
THREE: The name and address in the State of California of this corporation's initial agent for service of process is Mr. Anil Kshirsagar, 2820 Ramona Street, Palo Alto, CA 94306.
(a) This corporation is organized and operated exclusively for charitable purposes within the meaning of Section 501 (c)(3) of the Internal Revenue Code.
(b) Notwithstanding any other provision of these Articles, the corporation shall not carry on any other activities not permitted to be carried on (1) by a corporation exempt from federal income tax under Section 501(c)(3) of the Internal Revenue Code or (2) by a corporation contributions to which are deductible under Section 1 70(c)(2) of the Internal Revenue Code.
(c) No substantial part of the activities of this corporation shall consist of carrying on propaganda, or otherwise attempting to influence legislation, and the corporation shall not participate or intervene in any political campaign (including the publishing or distribution of statements) on behalf of, or in opposition to, any candidate for public office.
FIVE: The names and addresses of the persons appointed to act as the initial Directors of this corporation are:
- Anil Kshirsagar
- Rajesh Mashruwala
- Subhash Tantry
- Deepak Sabnis
- Sandeep Pandya
SIX: Tbe property of tbis corporation is irrevocably dedicated to charitable and no part of the net income or assets of the organization shall ever inure to the benefit of any director, officer or member thereof or to the benefit of any
On the dissolution or winding up of the corporation, its assets remaining after payment of, or provision for payment of, all debts and liabilities of this corporation, shall be distributed to a nonprofit fund, foundation, or corporation which is organized and operated exclusively for charitable and which has established its tax-exempt status under Section 501(c)(3) of the Internal Revenue Code.
Date: July 17. 1995