Firm Registration

1. NGO Registration With Firm Registration Introduction An NGO is a non-government organization with a charitable objective, for the betterment of the society in general. It can be started as a Trust, a Society or a Non- Profit Company [Section 8 Company], depending on the activity you wish to undertake. In India, NGO is an umbrella term for all non-profit organizations including Trust, Society and Section 8 Company. Other names for such not-for-profit organizations are “Sangathan”, “Sangh”, “Sangam”. Income tax exemption is available for all non-profit NGOs. These are sometimes confused with non-profitable companies, which refers to a regular business is not making a profit. Benefits of NGO Registration Legal Status A registered NGO gains the legal status and becomes accountable for the funds received. of the organization and used for the trust’s activities. Recognition An organization that is registered as an NGO reinforces the ethical, social and legal norms of our society. Bank Support The basic requirement for running an NGO is to have a bank account under its name. In order to open an account. Tax Exemption The registration of an NGO is necessary to seek tax exemption from the Income Tax Authority. Need for NGO Registration You are recommended to get the NGO Registration done if you are willing to establish a non-profit organization and work with an objective towards the betterment or advancement of any particular section of the society. Getting NGO Registration provides legal authority to the entity and makes it more credible in the eyes of the law and contributors. Types of NGO Registration In India one can go for NGO registration in three legally possible ways. As all three NGO models are regulated by separate acts there are many distinct features of every model. One can choose a working model based on their personal requirement and preference, along with scale and diversity of operations.

2.  Trust registration, regulated under The Indian trusts Act, 1882  Society registration supervised under Societies Registration Act, 1860  Section 8 Company registration governed under Companies Act, 2013 Trust Registration Trust Registration is governed by the Indian Trust Act, 1882 where the author (owner) assigns the rights of the property to a trustee so that the beneficiary i.e. the third person can take benefit out of it. The trust is carried out by way of an instrument called trust deed which is formed on a non-judicial stamp paper as per the stamp rates of the different states. Trust Deed is the core document which defines the reason for formation of trust, details of the author, trustee and the beneficiary. It lays down all the working and functioning of the trust until its closure. The trust deed is registered with the sub- registrar of the concerned jurisdiction. Documents Required for Trust Registration The details of Trustees Name, Father's name, Age, Residential Address, Occupation, Contact Number and Email address with two latest photographs Address Proof Any address proof of the Trustee & the Settlers - Voter I.D / Driving license / Passport Proof of Property Electricity Bill or House Tax Receipt or Water Bill Receipt or ownership proof of property. If the property is rented, then a Rent Deed duly notarized with Rent Receipts and NOC from the landlord on a Rs.10/- stamp paper is required Society Registration A society is an association of individuals who combine using a mutual accord to deliberate, govern and act cooperatively for some communal purpose and benefits for the community. It contributes to the overall development of society and involves some charitable activities like education, health, employment etc. Society Registration, under The Society Registration Act, in India, contains certain procedures for the sake of society registration & operation. This act was implemented for the purpose of preceding the legal stipulations of society registration for the purpose of charity of literature, fine arts, science or distribution of awareness for knowledge. Further every state has drawn its own act for formation and regulating the societies. The area of scope of work is limited in the state where it is registered. Documents Required for Society Registration oPAN card of all member proposed for registration of society Covering letter containing objective behind formation of society Aadhar card of all member proposed for registration of society Address proof Owned: Registry Copy and Electricity Bill List of all members forming society Address Proof Rented: Rent Agreement and Electricity Bill

3. Section 8 Company Registration Section 8 Companies are similar to a Trust or Society as the Societies and Trusts. However, Societies and Trust work as per the State Government regulations whereas Section 8 Company is registered under the Central Government’s “Ministry of Corporate Affairs (MCA)”. Being recognized centrally Section-8 Companies/NPOs have higher credibility amongst the stakeholders and donors.