uabb domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /var/www/sites/lawfirmbackup_200125/wordpress/wp-includes/functions.php on line 6131This article addresses NGOs, administrative fines, prohibitions and transferring assets in Israel. NGOs are not allowed to sell the amutah<\/em>, and after liquidation procedures commence, Israeli NGOs are prohibited from transferring assets to their members.\u00a0 Breaches of the Israeli Amutot <\/em>Law will be considered administrative offenses and will result in fines.\u00a0 This article provides some information about these various issues.<\/p>\n Our law office specialize in a variety of fields, including Israeli non-governmental organization law (Israeli NGO law).\u00a0 This article is one in a long series<\/a> discussing what you need to know about non-governmental or charitable organizations (an amutah <\/em>in singular and amutot <\/em>in plural) in Israel.\u00a0 This series of posts will discuss various rules to manage Israeli NGOs in order to better help you administer your Israeli non-governmental organization.<\/p>\n For more information on the Israeli Corporations Authority which oversees Israeli NGOs, see the government website<\/a>.\u00a0 For more articles from an Israeli lawyer and legal advice for Israeli NGOs related to the topic of this article, see our articles about merging amutot <\/em><\/a>and transferring funds, loans and stipends.<\/a><\/p>\n Various breaches of Israeli Amutot <\/em>Law will be considered administrative offences.\u00a0 These breaches can result from, among other things, failing to do the following:<\/p>\n 1) Maintain a list of registered amutah<\/em> members and Executive Board members. If one or more of the breaches listed as examples occur, these are clear violations of Israeli Amutot <\/em>Law, and administrative fines may be imposed, beginning at a rate of 1000 to 2000 NIS.\u00a0 Additional fines can be imposed for continued breaches of the law.\u00a0 Either the amutah<\/em> or the individual breaking the law will have to pay the fines.<\/p>\n Israeli non-governmental organizations are different than companies as membership cannot be sold or transferred to others.\u00a0 An Israeli NGO may not be sold.\u00a0 In the event that an Israeli NGO wishes to transfer its activities, it can do so through a merger.\u00a0 The liquidating NGO transfers its activities to the absorbing NGO, and the absorbing NGO takes on all the assets and obligations of the liquidating NGO.<\/p>\nThis Series of Posts<\/h4>\n
Administrative Fines<\/h4>\n
<\/p>\n
\n2) Keep account books.
\n3) Hold General Assembly meetings as frequently as required.
\n4) Keep minutes as required.
\n5) Submit documents to the Registrar of Amutot<\/em>.<\/p>\nSelling an Amutah<\/em><\/h4>\n
Transferring Assets in Israel after Liquidation<\/h4>\n