This edition of the handbook has been revised and enlarged on the basis of various feedback received from cross section of the Voluntary Sector and the recent legislative amendments in various statutes. This comprehensive book is packed with invaluable contents and financial insights to empower NPOs to strengthen their financial systems.It is a humble effort on our part to provide the concept and analysis of various aspects of financial management, governance and legal issues of NPOs. This handbook should prove to be a very useful document to the professionals as well as lay persons. It is our hope that this handbook will help in transparent financial management and better legal compliances, thus promoting accountability for the sector.