In India, the regulation of NGOs is based on the Societies Registration Act of 1860 and the Indian Trusts Act of 1882.
Trust refers to a legal agreement whereby a party called ‘trustee’ holds property or assets for the benefit of another party termed as ‘beneficiary.
Society is a community where people unite to advance education, literature, fine arts, science, and charity. A society is established to meet specific social goals, and an institution governs it.
3. Section 8 Company (Non-Profit Company) Registration:
Section 8 Company is formed under section 8 of the Companies Act, 2013, intended to promote commerce and other interests such as arts, sciences, social issues like welfare and charity etc.
The NGO is also recognized by the relevant stakeholders, including donors, beneficiaries, and the public, making its claims about what it sets out to achieve the authenticity.
The contributions to registered NGOs are tax deductible, further motivating donors.
At Adviso, we provide expert assistance for NGOs under the relevant authorities. Our Lawyers, CA, and CS experts guide you through every step of the journey to ensure your Company lists smoothly and efficiently.