ARTICLES OF INCORPORATION

OF

RIVER CONSERVATION CORPORATION

ARTICLE I

NAME

The name of this corporation is

RIVER CONSERVATION CORPORATION

ARTICLE II

PURPOSE

The purpose of this corporation is to reduction of pollution load into the river of Nepal. It will be

done by building solid plan with the participation of local people. The corporation do river front

development, sewage treatment, low cost sanitation, and other activity related to process of river

conservation. It is organized under the Nonprofit Public Benefit Corporation Law for specific

purposes.

ARTICLE III

DURATION

This Corporation is organized under the Nepal companies act and shall have perpetual existence

ARTICLE IV

CAPITAL STOCK

Section 1: authorized share: The total number of shares which this corporation is authorized to

issue is 100,000,00 shares of Common Stock of Rs 1000 par value and 10,000,000 shares of

Preferred Stock of Rs 1000 par value.

Section 2.  Voting Rights of Stockholders.  Each holder of the Common Stock shall be entitled to

one vote for each share of stock standing in his name on the books of the corporation.

Section 3.  Consideration for Shares.  The Common Stock shall be issued and shall be fixed from

time to time by the Board of Directors. 

ARTICLE V

DIRECTORS

The number of directors of the corporation will be three and may be changed from time to time

amending by the bylaws. The names and addresses of the person who are appointed to act as the

initial directors of this corporation are:

Bikram Prajapati Bhaktapur 8 Nepal

Rohit Poudel Kathmandu 35, Nepal

Suman Silwal Kathmandu, 34, Nepal

ARTICLE VI

LIMITED LIABILITY

The Board of Directors, officers, employees, and members, if any, of this corporation shall not

be personally liable for the payment of any debts or obligations of the corporation 

ARTICLE VII

DISSOLUTION

The property of this Corporation is irrevocably dedicated to charitable purposes and no part of

the net income or assets of the corporation shall ever inure to the benefit of any director, trustee,

member or officer of this corporation, or to any private person. Upon the dissolution any assets

remaining after payment of, or provision for payment of, all debts and liabilities shall be

distributed to a governmental body.

IN WITNESS WHEREOF, the undersigned, being the Incorporators and the initial directors

have executed these Articles of Incorporation.

INCORPORATORS

[signature]

_________________________________ Nepal Pandey, Incorporator

[signature]

_________________________________ Om sitaula, Incorporator

DIRECTORS

[signature]

_________________________________ Bikram Prajapati, Director

[signature]

_________________________________ Rohit Poudel, Director

[signature]

_________________________________ Suman Silwal, Director

Dated: March 27, 2014

The format of the ARTICLE OF INCORPORATION is differ from country to country. The

ARTICLE OF INCORPORATION of Nepal is different from ARTICLE OF

INCORPORATION of USA. However the ARTICLE OF INCORPORATION must include;

Name of incorporation, purpose of corporation, name of director and duration. According to the

Non – profit primer: A guide Book for Land Trusts (1989) the minimum actual number of

Incorporators and the number of Directors depends on state's nonprofit incorporation

requirements that can be obtained from the Secretary of State or known to law offices or

published in nonprofit guidebooks. It is advisable to have at least three directors.

Also note that if the initial directors are named in the Articles of Incorporation, it is not necessary

to have incorporators. However, having both incorporators and initial directors may be advisable

if the nonprofit wishes to demonstrate broad community support. Any incorporators and all

named directors must sign the Articles of Incorporation.

References

Cheeseman, H. R. (2006). Formation and Operation of Domestic and Multinational Corporation. In Contemporary Business and Online Commerce Law (p. 568). Upper Saddle River, New Jersey : Person Education Inc.

The Non-Profit Primer: A Guide Book for Land Trusts. (1989). State Coastal Conservancy. Retrieved from http://www.nps.gov/partnerships/model_articles.htm