NGO Formation (NON GOVERNMENT ORGANISATION)
NGO an organization created for non profit/public charitable purpose, profit derived from the activities of organization being used to for the benefit of the public at large/or for promotion of specific community/development of the society or any other activity to promote interest of the public not for the members of the organization.
NGO Legal existence in India can be in the Form of :
- Formation of Trust.
- Society
- Section 8 Companies.
|
Classifiaction
|
Trust
|
Society
|
Section 8 Company
|
|---|---|---|---|
|
Law
|
Relevent State Trust Act.
|
Society Registration Act 1860.
|
Under Indian Companies Act 2013.
|
|
Regsitration
|
Under Relevant State Trust Act.
|
Under Society Registration Act 1860.
|
Under Indian Companies Act 2013.
|
|
Document to be Registered
|
Trust Deed
|
Memorandum Of Association and rules and regulation
|
Memorandum of Association And Article of Association
|
|
Members
required |
Minimum 2 Members, No upper Limit
|
Minimum 7 members of the managing committee
|
Minimum 3 trustee,
No upper limit |
|
Tax Structure
|
Tax Exemption Available
|
Tax Exemption Available
|
Tax Exemption Available
|
|
Tax Exemption to the Doner
|
Yes
|
Yes
|
Yes
|
|
Audit Requirement
|
Yes*
|
Yes*
|
Yes
|
|
Time To Register
|
3 -4 Weeks
(Approx) |
3-4 Weeks
(Approx) |
3-4 Weeks
(Approx) |
|
Cost Involved
(All inclusive of taxes) |
Rs 11999**
|
Rs 11199**
|
Rs 24999**
|
- Includes (PAN +TAN Application), Bank Account Opening, 1 year Corporate Advisory.
- *Where the Total Income of the Trust or Institution exceeds in any previous year amount which is not chargeable to Tax.
