Non Governmental Organisation (NGO) Registration
What is an NGO?
A non-governmental organization (NGO) is a non-profit organisation that functions independently of government. NGOs are organized on community, national and international levels to serve specific social or political purposes. They do not operate for monetary profit.
An NGO can be started in three ways: Public Trust Act of all states, Indian Societies Act, and Companies Act. In India, a Trust, Society, Sangathan, Sangh, Non-profitable company all fall under the umbrella term of NGO. Income tax exemption is available for all non-profit NGOs.
Why should I register an NGO?
The legal status of organizations makes sure they are accountable for all the funds and donations they collect.
- A registered NGO works in an organised manner. In an unregistered firm, funds received can be under anyone’s name and used for their own personal profit.
- An NGO is bound by the rules of society.
- A registered NGO has multiple tax benefits.
What is the process of registering an NGO?
An NGO can be registered in the form of a Public Trust, Section 8 Company, or Society.