An NGO is a non-government organization with a charitable objective, for the betterment of the society in general. NGO Registration can be done in India under any of the following forms :
a. as a Trust (under Indian Trusts Act, 1882)
b. as a Society (under Societies Registration Act 1860)
c. as Section 8 Company (under Companies Act, 2013)
Individuals opening Non-Profit organizations can choose any of the three models as per their personal requirements.
In India, NGO is an umbrella term for all non-profit organizations including Trust, Society and Section 8 Company. Other names for such not-for-profit organizations are "Sangathan", "Sangh", "Sangam". Income tax exemption is available for all non-profit NGOs.
NGO Registration under all
three modes is explained as follows:
1.
Trust: One of the ways in which an NGO can be registered is Trust or more commonly called Charitable trust. Trust is a legal entity created by the “trustor” or “settlor” who transfers the assets to the second party or “trustee” for the benefit of the third party or “beneficiary”. Trusts are formed to help and support the deprived sections of society. Any group of individuals can register a trust and in India, as such there are no specific laws to govern the public trust, however, some states like Maharashtra and Tamil Nadu have their own Public Trust Act.
Documents Required for registration as trust are:
1. A bill of electricity or water stating the address that needs to be registered.
2. The identity proof of at least two members. The proof can be:
3. Voter ID
4. Driving License
5. Passport
6. Aadhaar Card
2.
Society: A society is an entity that can be created by a group of individuals united in their cause for promoting science, arts, literature, social welfare, and useful information. In addition, societies work for creating military orphan funds, maintaining public museums and libraries.
Societies are governed by the Societies Registration Act, 1860. They must be registered with the respective state Registrar of Societies to be eligible for tax exemption.
Documents Required for Registration as Society are:1. The name of the society.
2. Address proof of the office.
3.Identity proof of all the nine members which can be:
4.Driving License
5. Copy of Passport
6.Voter ID
7. Aadhaar card
8. Two copies of the Memorandum of Association and By-laws of the society.
3.
Section 8 Company: A Section 8 company is similar to trust and society. The objectives of a Section 8 Companies are to promote arts, science, commerce, sports, social welfare, religion, charity and environmental protection. They are registered under the Companies Act, 2013 for charitable purposes. They have better credibility among government bodies, donors and other stakeholders.
Documents Required for registration as Section 8 Company are:
1.The name of the Company for approval.
2. Address proof of the office. It can be an electricity or water bill or house tax receipt.
3. Identity proof of all the Directors which can be:
4. Driving License
5. Copy of Passport
6. Voter ID
7.Aadhaar card
8. The Memorandum of Association and Articles of Association of the Company.uble-click this text to edit it.
For more information, please visit
https://ngosindia.com/For Information regarding Nidhi Companies, click
https://allroundtaxsolutions.com/nidhi-company/