NGO Registration in Bakhtiyarpur can be over and done with either by incorporating a Society, Trust or a Section 8 company. Every registration has its own perks and backdrops. One should be cautious while choosing type of NGO registration. Trust bodily the simplest form of NGO registration.
WHAT IS THE MAIN PURPOSE OF NGO?
NGO is incorporated for the welfare of public at large and for the press on and upliftment of the society. It is a mechanism by which aid is creature provided to the needy in the areas where presidency can not easily work.
Sharing of Income in an NGO.
Any pension left unused in the account of the NGO is called as Surplus. There is no concept of Profit in NGO. NGO cannot distribute surplus left accompanied by its members rather it is to be invested in fulfillment of objects of the NGO.
Can relations members incorporate NGO?
Yes, family members can be members of a NGO, provided the NGO is in the form of a Trust.
Can a Section 8 Company apply for 12A and 80G registration similar to Society or Trust?
A Section 8 company beast an NGO can apply for 12 A and 80G registration.
CHOOSING FORM OF NGO
All the forms of NGO have their own relief and drawbacks. One must save in view whatever the pros and cons of various forms of NGO in the past applying for registration.
| BASIS | TRUST | SOCIETY | SECTION 8 COMPANY |
| Minimum Number of Members | 3 | 7(including 1 lady) | 2/7 |
| FAMILY MEMBERS | ALLOWED | NOT ALLOWED | ALLOWED |
| REGISTRATION TIME | MINIMUM 3 WORKING DAYS | MINIMUM 3 MONTHS | 7 TO 10 WORKING DAYS |
| REGISTERING AUTHORITY | DISTRICT REGISTRAR | REGIOSTRAR OF SOCIETIES OF STATE | MINISTRY OF CORPORATE AFFAIRS |
| COMPLIANCE | MINIMUM, only Audit and ITR | Audit, ITR and Annual filing subsequently Registrar | MAXIMUMJ COMPLIANCE |
| VALIDITY | ALL OVER INDIA | ALL OVER INDIA | ALL OVER INDIA |
| REGISTRATION DOCUMENT | TRUST DEED | CERTIFICATE AND BYE LAWS | CERTIFICATE, MOA AND AOA |
| ALTERATION IN CONSTITUTION | EASY | COMPLEX | COMPLEX |