NGO Registration - Overview
Non-Profit Organizations basically work for the betterment of society. NGO is a legally registered organization which operates independently without any interference of the state or central government.
NGOs are basically engaged in cultural, social, legal, and environmental-related activities without any aim of profit.
Benefits of NGO Registrations
Avails Tax Exemption
Right to Acquire Assets
No Minimum Share Capital Requirement
Protection from Personal Liability
Transfer of Ownership
Corporate Entity
Exemption on Stamp Duty
Structured Financial Plan
Stability of Entity
Perpetual Succession
Admission to Credit
Name Preservation
Opening Bank Account
Documents Required For Registration
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Classification of NGOs in India
1 . By the Level of Orientation
Charitable Orientation
Service Orientation
Participatory Orientation
Empowering Orientation.
2 . By the Level of Operation
Community-Based Organization
City Wide Organization
National NGOs
International NGOs.
Process To Register
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Types of NGO Registration
An individual is free to perform social activities without structuring an entity or organization. However, an individual wants to form a group that involves participants, activities, and resources, it is essential to have proper management in place.
NGO registration can be done in 3 ways
Trust Registration under ’The Indian Trust Act, 1882’
Society Registration under ’Societies Registration Act, 1860’
Section 8 Company Registrations under ’The Companies Act, 2013’
Difference Between - Trust, Society & Section 8 Company
Trust is an agreement between parties, whereby one party holds the ownership of property for the benefit of another party.
Society is a collection of persons, who come together for initiating any literary, scientific or charitable purpose.
Section 8 is a company formed with social or charitable object which intends to apply its profits for promoting such purpose
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