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A Non-Governmental organization is basically a “Private Organization” that carries on the activities which are beneficial for the welfare of the society and assists various social services such as protecting the environment, promote the interests of the poor and provide the basic services for the growth and development of society.
NGO‘s rely on various sources of funding some of them include:
One can claim deduction on their taxes regarding a gift or donation to a qualified organization
There is no political agenda and thus the aid is given easily without any cost
Limited liability protection
NGOs in India are pledged to human rights, sustainable development and social justice. It assists the needy people by various sources and are mainly commenced for the welfare of the society
NGOs play a vital role in developing society, promoting citizen participation, improving all types of communities and are in a way versatile which includes upgrading the environmental, social, advocacy and human rights work.
Also due to the formation of NGO undertakes various missions which may be Social Awareness,Political Awareness,and Animal welfare, economic and social development, cultural, improves and implements technological and science related tasks and programmes to improve the living of human beings.
Basically NGO can be formed in three different ways
These three forms are classified in NGO itself but their formation, registration and management processes are different. It can be formed in any type for social development and social welfare which in all kinds benefits the society.
To know more about Section-8 Company Click Here
|Formed under which Legislation||Section-8 Company is a Private Company and is formed under Companies Act,2013||Society is formed under Societies Registration Act,1860||Trust is registered and formed under Indian Trust Act,1882|
|Registration Document||The basic and important document for Section 8 Company is Memorandum and Articles of Association||For Society the primary document is Memorandum of Association.||For Trust the first basic instrument is Trust Deed|
|Duration for formation||The duration for the section 8 company i.e. Non-Profit Company is formed within 3 months to 6 months as there are lot of permissions to be taken from various authorities and so it takes a long time to form section 8 company compared to normal private companies.||Society is formed within 1 to 2 months||Trust is formed within 15-20 days|
|Jurisdiction||The Registering Authority is Registrar of Companies||The registration to register the society is under the power of Registrar of Societies||The registration of Trusts are registered under the jurisdiction of Detduty Registrar/ Charity Commissioner of the relevant area|
|Name Approval Rules||Before registration name approval is required by application to Registrar of Companies.||The issue of Name Approval depends whether an NGO is not registered with the required name in the particular jurisdiction, then only it is possible and if any other society is registered with the name which is already being registered it cannot be provided or approved.||Name Atdroval is not required,only that it shall not be disatdroved by “Emblems and Names (tdrevention of Imtdrotder use) act, 1950”|
|Minimum number of Directors/Members||There can be minimum two directors and Minimum 2 members in NPO||There can be minimum seven members in a Society for the registration||There shall be minimum Two Trustees and there is no limit of maximum number of members|
|National Validity||The Company can be operated all over India. National validity is there as the registration is granted by the Central Government.||Society can be functioned throughout India when registered at National level; if it is registered in one State it will be registered in and operated in concerned state only.||Registration under Trust Act has National Validity and can otderate throughout India|
|Voting Right Power||The voting right proviso varies on the basis of shareholding capacity of Directors||Members have equal rights in the General Body||All trustees have equal rights except the settler|
|Annual Compliance||The Company has to submit Annual Return and audited accounts at the end of the financial year||Annual List of managing body is to be filed every year||The General Body and other committees have to maintain their registers of meetings,resolutions, decisions and other related activities|
|Number of meetings to be held||At least 1 Annual General Meeting and 4 Board Meetings are required to be held every year||Meetings to be held as required to be held according to the bye laws of the society||Regular meetings to be organized for the working of Active Trusts|
|Suffix to be used||Foundation, Samiti word can be used with the same.||Foundation, Samiti, Society, Organization words can be used with the name of the society.||In the name of Trust the words Foundation, Trust, Samiti, society or any words can be used|
|Ownership||The Company is the complete owner of the properties.||The properties of Society are held in its own name by the Society||The tdrotderties of Trust are owned by Trustees or Board of Trustees|
|Highly Transparent and effective as everything is disclosed publicly||Low||Low|
|Transparency in working||Easy||Changes are complex as modifications are to be made in the constitution documents||Easy|
|Change in Board of Directors/Trustees/Members||Easy||Complex||Low|
|Change of Registered Office||High||Medium||Difficult|
NGO is a Non-Government Organization or a Non-profit Organization which is mainly made for the purpose of welfare of society and which is made for the not for profit concern.
Section 8 Company under Companies Act,2013
Trust under Indian Trust Act,1882
Society under Societies Registration Act,1860
NGO is an Organization which works independently from the government on local, national and international issues.
STEP 1 : There is no difference whatsoever between a normal passport and a Tatkal passport. The difference lies in the way they were made. A normal passport is basically less prioritized than a tatkal passport and hence gets delivered later than it. So if you urgently need a passport who can apply for TAKAL passport online.
STEP 2 : Thereafter, Board of Directors/Members must be formed who would be responsible for all the actions and decisions of the NGO.
STEP 3 : : Next step would be to decide the name of NGO which is not similar to any Government Authority, Board or Ministry
STEP 4 : The Memorandum of Association and Articles of Association needs to be documented
STEP 5 : : For the NGO to be recognized it is always recommended to get the NGO registered.