A Detailed Procedure for NGO Registration
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.
These are sometimes confused with non-profitable companies, which refers to a regular business is not making a profit.
At Enterslice, we will help you select the right option and guide you through the entire NGO registration process.
What is the Need for NGO Registration?
The basic requirement for running an NGO is to have a bank account under its name. In order to open an account, it is mandatory to be registered as a Trust, Society or Section 8 Company. The registration of an NGO is necessary to seek tax exemption from the Income Tax Authority.Methods for Registering an NGO in India
NGO registration in India can be done under any of the following disciplines:
TRUST
One way of registering your Non-governmental organization is incorporating it as a trust. Entities who register as a trust under the NGO registration procedure are generally those which work with the eradication of poverty, giving education, as well as providing medical relief. Trust organizations are irrevocable. This essentially means that these organizations cannot be terminated or changes unless and until such actions have been approved by the beneficiary.
Trusts aren’t technically under any national rules and regulations, however, some states such as Gujrat and Maharashtra have public trust acts in order to regulate and oversee the affairs of NGOs.
SOCIETIES
Societies are also known as member-based organizations that operate for charitable purposes. These organizations are almost always run under the authority of a governing body or a management committee. As opposed to trusts, societies come under the jurisdiction of the Indian law, namely the Societies Registration Act, 1860.
SECTION 8 COMPANIES
A Section 8 company is basically a Limited Liability entity which is formed with the purpose of Social welfare and cannot reap any profits. These organizations are established in order to promote science, art, commerce, charity, religion, or any other contributing cause to the betterment of society.
What is the NGO Registration Procedure in India?
Enterslice will help you to apply for your NGO (Trust, Society, Section-8 Company) from the comfort of your home, offering you services that are very specialized and tailored for individual needs.- Step-1: Enterslice will help you with the registration of your NGO with a simple sign up with us!
- Step-2: Our experts engage you in consultations in order to understand your needs and advise which registration would best suit your requirements
- Step-3: Consequently, if you agree with our advisory, we begin the process and procedure as required for the chosen registration process
Also, read: How NGOs Contribute in Societal Development?
