An NGO can be started under three Acts: Indian Trust Act, Indian Societies Act & Companies Act. At MustDiscover, we'll help you with the right option and take you through the entire process.
An NGO can be started under three Acts: 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 an umbrella term NGO.
We will help you select the right option and guide you through the entire NGO registration process.
Acts governing NGO registration process
The national authority in India allows for online registration of an NGO under three laws:
.Each law defines the formation of a different type of organization, namely – Trust Registration, Society Registration, and Non-Profit company registration. Choosing the kind of registration procedure for the charitable firm is crucial. Our experts will help select the suitable option that befits your vision and guide you with the online registration process.
Why Register An NGO
The legal status of organizations makes sure they are accountable for all the funds and donations they collect.
A registered NGO thinks, works and develops in a systematic manner and functions accordingly. For example, when an individual donates resources to a charitable fund, it is received under the name of the organization and used for the benefit of others. In an unregistered firm, the asset can be received under anyone’s name and used for their own profit.
A company that is registered as an NGO stays within the ethical, social and legal parameters of the society.
The basic requirement for running a company is to have a bank account under its name. In order to open an account, it is mandatory to be registered as a non-profitable organization.
The registration of an NGO will also help in tax exemption once they are registered under Income Tax Authorities.
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