NGO Registration in Jharkhand can be done either by incorporating a Society, Trust or a Section 8 company. Every registration has its own perks and backdrops. One should be careful while choosing type of NGO registration. Trust being 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 development and upliftment of the society. It is a mechanism by which aid is being provided to the needy in the areas where government 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 among its members rather it is to be invested in fulfillment of objects of the NGO.
Can family 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 like Society or Trust?
A Section 8 company being an NGO can appky for 12 A and 80G registration.
CHOOSING FORM OF NGO
All the forms of NGO have their own benefits and drawbacks. One must keep in view all the pros and cons of various forms of NGO before 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 with 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|