NGO Registration In India:-
NGO stands for non-governmental organization or non-profit organization that works for the welfare of the poorer sections of a society to help them towards a specific cause. The aim of an NGO is to help the poor people to fight for their rights , their focus may be for the welfare of children, improvement of health, environment or development work. NGO raised their voice towards a specific cause or activity. Money is raised by the donors for an NGO, the donors will not receive any tax outbreaks on their donations. NGO can be setup as a section-8 company, trust or society in India.
Types of NGO:-
1. Under Indian Trust Act, 1882:-
Trust is made for the welfare of the society. We can say that typically a trust is made when it involved some property such as hospital, school etc and can have different interests such as religious, educational, animal welfare or even recreational. All you need to do is to draft a trust deed and then have it registered to set up a trust.
2. Under Indian Societies Act, 1862:-
A society is registered under the Indian Society Act, 1860. It has a proper governing body and managing council that carry out and its principles. Similar to Section 8 Company, a society also needs Articles of Association and memorandum.
3.Under Indian Companies Act, 2013:-
A Section-8 company formed to promote commerce, religion or recreational art and has limited liability. A Section-8 company is to be set up similar to private limited company.