legal formalities to conduct scholarship exam?

I am planning to conduct a scholarship exam for school students at a nominal fee of rs 100 per student . The prizes planned for students are worth lakhs... What are the legal formalities ? Please provide me info

Answers (2)

232 votes

You have to approach the concerned authority and get permission to Conduct scholarship exam so u get licence to run it certainly government would grant permission as u r helping society to uplift student for their future

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208 votes

There are no legal formalities prescribed for sponsoring scholarships. First and foremost you should have an entity of your own. For example a trust is created for such purposes or a firm or a company can formalize such programme. It can be a proprietary concern also but you must show some educational pursuit and then you can print pamphlets of your programme and take up advertisements.

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