An NGO (Non-Governmental Organization) is an organization that is not part of a government and is not-for-profit. NGOs are typically formed to provide services or to advocate for a cause. In India, NGOs play an important role in providing services to the poor and disadvantaged, advocating for social justice, and promoting sustainable development.
They are also involved in activities such as health care, education, poverty alleviation, and environmental protection. An NGO like “Satya Shakti Organization” (The best NGO in Delhi NCR) can be recognized in its own registered form, and if it has the requisite work permissions, it can utilize government-based schemes and fiscal incentives to support its campaign.
Profit is not something that these institutions are concerned with. Unlike other businesses, they are concerned with enhancing human life or society by tackling one or more issues. In this article, we will focus on the possible benefits of running an NGO in India.
Different types of NGO Registration in India:
Section 8 Company Registration- This type of registration is for non-profit organizations that are established for charitable purposes. It is registered under the Companies Act, 2013 and is governed by the Ministry of Corporate Affairs.
Trust Registration– This type of registration is for non-profit organizations that are established for charitable purposes. It is registered under the Indian Trusts Act, of 1882, and is governed by the Ministry of Law and Justice.
Society Registration– This type of registration is for non-profit organizations that are established for charitable purposes. It is registered under the Societies Registration Act, of 1860 and is governed by the Ministry of Home Affairs.
Section 12A Registration– This type of registration is for non-profit organizations that are established for charitable purposes. It is registered under the Income Tax Act, of 1961, and is governed by the Ministry of Finance.
FCRA Registration– This type of registration is for non-profit organizations that are established for charitable purposes and receive foreign contributions. It is registered under the Foreign Contribution Regulation Act, of 2010, and is governed by the Ministry of Home Affairs.
Benefits of Registering as an NGO in India:
An NGO, such as Satya Shakti Foundation, can be recognized in its own registered form, and if it has the requisite work licenses, it can utilize government-based schemes and fiscal incentives to support its campaign. Profit is not something that these institutions are concerned with.
Tax Exemption:
Registering the firm as an NGO under the Companies Act, 2013 allows it to receive many financial benefits, for example, being exempt from many taxes helps the corporation to save money on taxes and reinvest it in future initiatives.
Access to Resources:
Registering an NGO or non-governmental organization in India makes it eligible to access resources such as land, buildings, and other infrastructure from the government. This helps the NGO to carry out its activities and achieve its objectives.
Exemption on stamp duty:
It is a tax relief given to non-governmental organizations (NGOs) in some countries like India. This exemption allows NGOs to purchase or transfer property without having to pay the stamp duty that would normally be due. The purpose of this exemption is to encourage the growth of NGOs and to help them carry out their charitable activities.
Entity Dependability:
The registration of your group may imply that you have effective and accountable leadership. The public will regard the group as more stable than an unregistered organization. Political parties, the government, donor organizations, financial institutions, non-profits, and other NGOs will seek to collaborate with a recognized group to achieve shared goals.
Permanent Succession:
This implies that an NGO has an indefinite lifespan and will continue to exist even if the founders/trustees die or leave the organization. The organization will only cease to exist if it is properly wound up by an Order of the Court of India. This, among other advantages, may allow for eternal succession.
What is the Procedure for NGO Registration?
Choose a name for your NGO- The first step in registering an NGO is to choose a name for it. The name should be unique and should not be similar to any existing NGO.
Draft the Memorandum of Association (MOA)- The MOA is a legal document that outlines the objectives and activities of the NGO. It should be drafted in accordance with the laws of the country in which the NGO is being registered.
Obtain the necessary approvals– Depending on the country, the NGO may need to obtain approvals from the local government or other regulatory bodies.
File the registration documents– The registration documents should be filed with the relevant government authority. The documents may include the MOA, a list of members, and other relevant information.
Pay the registration fees– The registration fees vary from country to country.
Receive the registration certificate- Once the registration process is complete, the NGO will receive a registration certificate. This certificate is proof that the NGO is legally registered.
Conclusion:
In conclusion, it is safer to assert that establishing an NGO has no possible drawbacks as long as the primary objectives upon which it is founded are not compromised. NGOs founded with good intentions are more likely to survive than those founded with bad intentions.
A successful NGO always has access to perks such as tax breaks, financing, and land. However, NGOs that contradict the organization’s basic values may face legal complications sooner or later. The registration process varies depending on the type of NGO and the state in which it is located.
NGOs must also register with the Ministry of Home Affairs in order to receive foreign funding. The registration process is lengthy and requires a lot of paperwork, but it is necessary in order to ensure that the NGO is operating legally and ethically.
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