An NGO or a Non Profit Company is a community, an association, a non-profit organization or a non-profit enterprise of individuals, activists, volunteers, and social entities. NGOs exist for a number of purposes, usually for the political or social objectives of their representatives.
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An NGO or a Non Profit Company is a community, an association, a non-profit organization or a non-profit enterprise of individuals, activists, volunteers, and social entities. NGOs exist for a number of purposes, usually for the political or social objectives of their representatives. Examples include improving the state of the natural environment, promoting human rights, improving the welfare of the underprivileged or portraying a corporate agenda.NGOs are private institutions that can promote growth at local, national and international tier by organizing inventive groups.
In this article, we have summarized NGO registration process and the formation of section 8 company in brief.
An NGO may be licensed as a legal entity in multiple ways:
Procedure for Section 8 Company Registration:
Section 8 company registration process can be summarized as:
This online registration NGO can be done online on the MCA portal
Section 80 G of the IT Act enables donated funds to stated relief funds and charitable organizations as a deduction from total income before hitting taxable income.
12AA Registration is a one-time registry that could exempt an organization's income tax. Form 10A is the application form used to apply for 12AA Registration.
Applications for the 12A and 80 G certificates may be filed together or may also be filed separately. An application under Section 12A must be filed in accordance with Section 80G.
For an individual wishing to establish a non-profit charity to its main business operations, it'd be wisest to establish a company under Section 8 of the Indian Companies Act 2013. Only two representatives are required to establish a non-profit company. The main tool is the MoA and AoA filed before the Registrar of Companies. Its additional benefits are that a wide variety of operations can be undertaken. Although complex, its structures can be amended when need arises, and it is possible to provide facilities and trade on a non-profit basis.
Management of this is with the Board of Directors and the prevention of acquisitions is easier than in a society.
Our expert panel will provide full consultation and assistance on the process of incorporation of section 8 company, section 8 a company, and section 8 company registration fees.
We understand that to register section 8 company and a new NGO registration process is an extremely tedious task, provided that there are so many pre-requisites like DSC, DIN, and etc.
Hence, Chartered Munshi is the best option for you because we promise a very speedy registration process along with the registration of the other documents.
In addition to this, we have the perfect package for you which includes the section 8 company registration cost along with everything else you require throughout the section 8 company incorporation process.
If you would like to start a Section 8 Company in India to facilitate some kind of social or charitable work, please contact Chartered Munshi today.