NGO Registration in Bhagwanganj can be curtains 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 living thing 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 further and upliftment of the society. It is a mechanism by which aid is beast provided to the needy in the areas where running can not easily work.
Sharing of Income in an NGO.
Any income 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 in the course of its members rather it is to be invested in fulfillment of objects of the NGO.
Can associates 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 subsequently Society or Trust?
A Section 8 company innate an NGO can apply for 12 A and 80G registration.
CHOOSING FORM OF NGO
All the forms of NGO have their own give support to and drawbacks. One must save in view everything the pros and cons of various forms of NGO back 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 later than 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 |