What will be the consequences?
The Registrar of Associations 'unit in the Ministry of Justice announced today (Thursday) that last Sunday, July 17, Maccabi Bnei Reina was notified of the revocation of a proper management certificate for 2022, due to the fact that the association did not comply with the requirements of the Registrar of Associations' unit. It has information and documents, by virtue of its powers under the Associations Law, thereby impairing the unit's ability to monitor its conduct.
Denying a proper management certificate means, among other things, that the association will not be able to receive support from public bodies (government ministries, the Toto, the local authority) or other associations (such as the Football Association or the Maccabi Center).
Additional benefits granted to the association, including tax benefits, may also be denied.
The supervision carried out by the unit of the Registrar of Associations in the Corporations Authority is intended to check the compliance of associations and companies for the benefit of the public with the provisions of the law and the guidelines of the Register of Associations.
This type of supervision examines, among other things, whether the association fulfills its goals and whether all its assets and funds are used solely for the purpose of promoting these goals, and not for foreign purposes or for distributing profits and smuggling assets into private hands.
Because the association did not comply with the unit's requirements, even though it was aware of these requirements and even responded to them (with a request for an extension), a proper management permit granted to the association was denied.
Advocate Shuli Avnei Shoham, Registrar of Associations and Head of the Corporations Authority:
These non-profit organizations, whose conduct undermines public confidence in the entire third sector, will not enjoy proper management approval. "
Were we wrong?
Fixed!
If you found an error in the article, we would love for you to share it with us