Non Governmental Organization (NGO) / Non For Profit Organization |
Posted: October 31, 2018 |
As the name suggests, these entities work towards the wellbeing of the society and bridges the gaps at places where Government can’t reach effectively due to many factors. Such organizations are known as non - profit organizations or non- government organizations (NGO). NGO is non- profit organization of community, citizens, person for social service. NGO are registered under Government authorities but are managed and operated by its members on the policies governed by Government. REQUIREMENTS OF NGO REGISTRATION
HOW TO PROCESS FOR NGO REGISTRATION?NGO registration depends on the kind of NGO registration because it has 3 legal forms in India: 1. TRUSTS NGO in form of trusts are governed under Indian Trusts Act. It is the simplest process which takes around 2 days to 1 week for formation. Below are the requirements for registration of Trusts:i. Minimum of 2 trustees and no limit in maximum. ii. No requirement of name approval but the name restricted under the Emblem Act can be disapproved iii. Trust deed will be registered in the Sub-Registrar office of your area iv. Board of trustees and executive committee is the governing structure for trusts v. Execution of trust deed is mandatory giving it a legal status and defining the aims, modes of management 2. SOCIETIES Trust registration in the form of Society is governed under Societies Registration Act, 1860 having a separate legal entity. It takes around 1-2 months to form a Society. Below are the requirements for registration of Society:i. Minimum 7 members are required to form Society. However, is it is registered at National level minimum 8 members are required ii. It will be registered in the Registrar or Deputy Reg of Societies of concerned state iii. General Body and executive committee is the governing structure of Societies 3. NON PROFIT COMPANIES (SECTION 8 COMPANY) These organizations are registered under of Companies Act 2013 as Section-8 Companies. The main objective of the Company is to promote art, commerce, sports, safety, science, research, healthcare, social welfare, religion, protection of the environment, etc. Procedure for incorporation is same as in case of a private or public company. The only difference is that a license is to be obtained from the office of Regional Director to form a company under section 8 of the companies Act 2013 Below are the requirements for registration of Section 8 Company:i. It needs minimum of 2-3 Directors in case of private and public company respectively. ii. Name approval is mandatory before registration from ROC iii. General Body of Directors and BOD is the governing structure for section 8 Company iv. Stamp duty payment if not required for registration v. DIN and DSC of directors is required for registration of Section 8 company Source url - http://pop294ffdfd.iwopop.com/Non-Governmental-Organization-NGO--Non-F
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