Non Govermental Organization (NGO)
Non Govermental Organization (NGO) INR - 20,000.00
A non-governmental organization (NGO) is any non-profit, voluntary citizens' group driven by people with a common interest organized in local, national or international stage and performs and performs a variety of service and humanitarian functions, bring citizen concerns to Governments, advocate and monitor policies and encourage political particpation through provision of information.
WHY NEED TO WORRY, WHEN YOU WISH TO START A SOCIAL VENTURE!!
The formation of a NGO should be left in the expert hands of TaxSigma CA's and Law Experts:
NGO'S in India can be formed in 3 different forms:
As a Trust
As a Society
As a Section 25 Company
A Trust is generally formed where property is involved as assets generally in the form of land and building formed for the object of social benefit and charity.
Process 1: Select a appropriate name and number of trustees on board.
Process 2: Prepare a Trust Deed mentioning in details the aims and objectives of the trust, how it will be managed, etc.
Societies means and include "charitable societies, military orphan funds or societies established at the several presidencies of India, societies established for the promotion of science, literature, or the fine arts, for instruction, the diffusion of useful knowledge, the diffusion of political education, the foundation or maintenance of libraries or reading rooms for general use among the members or open to the public, or public museums and galleries of paintings and other works of art, collection of natural history, mechanical and philosophical inventions, instruments or designs".
A Section-25 Company or a Association Not for Profit, is a voluntary association of persons formed for promoting commerce, art, science, religion, charity or any other useful object, which prohibits payment of any dividend to its members. These companies can be formed with or without any prescribed share capital and the necessary funds for carrying the organization are raised in the form of subscriptions, donations from members and general public.
Process 1: Search for available name.
Process 2: Obtain license for a Section 25 company.
Process 3: Incorporate the company.
Self Attested copy of the following documents needs to be sent to TaxSigma office during project assignment.
1. Proof of Address of all the partners: Copy of Passport/ driving license/telephone bill/electricity bill/voter's ID card/Aadhar Card/Bank Statement attested by the Bank Manager.
2. Identity proof of all the partners: Copy of PAN.
3. Personal account Number(PAN) of all the partners.
4. Passport sized photograph.
5. Registered office details.
6. Email ID of the Directors.