#1
29th February 2016, 08:22 AM
| |||
| |||
NGO Formation in India
Hello Buddy , Here Will you plzz Provide me Registration Process Details of Indian Non-Governmental Organizations ?
|
#2
29th February 2016, 09:06 AM
| |||
| |||
Re: NGO Formation in India
In India Non Profit organizations/ Public Charitable organizations (NGO) can be Registered as Trusts, Societies, or a Private Limited Non Profit Company, under section-25 companies. Non-profit organizations in India (a) Exist independently of the state; (b) are self-governed by a board of trustees or ‘managing committee’/ governing council, comprising individuals who generally serve in a fiduciary capacity; (c) produce benefits for others, generally outside the membership of the organisation; (d), are ‘non-profit-making’, in as much as they are prohibited from distributing a monetary residual to their own members. NGO Registration Methods - 1 1. Trust 2. Society, 3. Non profit Company Procedures of Formation: Charitable Trust : It contains information on: Name(s) of the author(s)/settlor(s) of the trust Name(s) of trustee(s) Name(s) if any, of beneficiary including public at large Name by which trust shall be known Name where principal and/or other offices shall be situated Property that shall devolve upon trustee(s) under trust for benefit of beneficiary/ies Intention to divest trust property upon trustee(s) The objects of the trust: For appointment, removal or replacement of trustee Making them understand their rights, duties and powers Rights and duties of beneficiary/IES A Charitable Trust is not Required to obtain registration under the Indian Registration Act. Society: Society is defined as company/association of persons who are united together through mutual consent for deliberating/determining/acting jointly for same common purpose. Some Advantages of Society formation Include: It provides a corporate appearance to organization It provides greater flexibility as its easier for amending memorandum and bye laws of society than of a trust where all terms are strictly manifested in trust deed. Society Inception: Formation of ‘Society’ needs procedural formalities like: Memorandum of Association Rules and Regulations |
|