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Deemed use or application of funds or assets for the benefit of interested person

..... t organisation shall be deemed to have been used or applied for the benefit of an interested person, if - (a) the funds or the assets of the non-profit organisation are, or continue to be, lent to any interested person, for any period during the financial year without either adequate security or adequate interest or both; or (b) the land, building or other asset of the non-profit organisation is, .....

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..... e financial year for consideration which is more than adequate; or (f) any share, security or other property is sold by or on behalf of the non-profit organisation to any interested person, during the financial year for consideration which is less than adequate; or (g) any funds or property of the non-profit organisation, is diverted during the financial year in favour of any interested person whe .....

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