Website for Revenue

Here is the text from our memrandun used while drfating charter for our association

Considering the revenue expected is to be used for fulfilling the objectives of the society, I do not forsee any issues, Still opinion from legal experts would be helpful -

"Conditions:

(i)    The income and property of the “XXXXXXXXXXXXXXX Association” society shall be applied solely towards the promotion of the objects of the society as set forth in the Memorandum of Association and no portion thereof shall be paid or transferred directly or indirectly, to the members of the Society.

(ii)        No member of the Governing Body of the Society, shall be appointed to any office of the society or any office of the society paid by fees, that no remuneration  shall be given by the Society to any member of such Governing Body except repayment of out of pocket expenses and interest on money lent or rent for premises/demises to the Society.

(iii)        The society by its constitution is required to apply its profit, if any, or other income in promoting its objects.

(iv)        If upon the winding up or dissolution of the society there remains after satisfaction of all its debts and liabilities any property whatsoever, the same shall not be paid to or distributed among the members of the Society, but shall be given or transferred to some other Institution having objects similar to the objects at the

 "

Yes the Memorandum just have the conditions as to the utilisation of the revenue but not any condition with regards to the ways in which the revenue can be generated. The society can generate revenue by way of advertisements there is no legal implications. The magazines published would still be under the approval of the governing council of the Society.

Thanks much Sanjeev for your prompt response