NGO is basically standing for Non-Governmental Organization which is Incorporated with an objective to support underprivileged section of the society and work of advancement of different issues like social, cultural and legal, etc. As the name suggests that they are operated by citizens on voluntary initiatives without any kind of involvement by Central Government and State Governments.
If you want to establish a non-profit organization to work with an objective for the betterment or advancement of any particular section of the society. It is recommended to first get NGO registration done because it makes the organization more reliable in the eyes of law and contributors.
In our country India, one can go for registration in three legal possible ways:
- Trust Registration
- Society Registration
- Section-8 Registration.
The Registration Process of all three Trust, Social and Company are different.
The main benefit is self-satisfaction and human welfare what kind of benefit could be more than any monetary benefit; it is devoted to the high human values rather than so-called benefit, after registration.
Without registration of an NGO, it is not possible to receive government grant under any scheme related to NGO and or by implementation by the NGO. after registration NGO may apply for registration under the Income Tax Act, 1961 to get benefit under 12A, 80G and 35A of the Income Tax Act, 1961 in India.
Key Elements of NGO Registration
If you are planning to register your NGO then there are certain imperative decisions that are required to be finalized beforehand. There are many of the key elements are required to be finalized and implemented through the registration procedure. These key factors include:
- Governing Body
- Location and Area of Operation
- Draft By-Laws
Purpose of NGO Registration
It does not matter what type of NGO you want to start. The field you work might differ, but you must have the ultimate goal and inherent desire of helping and supporting others.
Once you have taken the decision to start an NGO, you should have a clearly defined goal and a transparent vision for which it is established and will be operated. You must also mention the benefits of establishing an NGO which is either Public in general or in a set of people.
Documents Required for NGO Registration
These are the mandatory documents which are very necessary for the Registration of NGO.
- A requesting letter for registration signed by founding members stating the purpose of formation.
- Certified copy of MOA [Memorandum of Association.
- Copy of the rules and regulations members will abide by.
- Name, Address, Occupation of all members of society with signatures.
- Minutes of the meeting.
- Declaration by President of Society.
- Sworn affidavit from the President or Secretary, declaring the relationship between subscribers.
- Address Proof of Registered office and NOC from the landlord.
Advantages of NGO Registration
There are various benefits of the NGO Registration like;
- The legal status of organizations makes sure they are accountable for all the funds and donations they collect.
- A registered NGO thinks, works and develops in a systematic manner and functions accordingly.
- A company that is registered as an NGO stays within the ethical, social and legal parameters of the society.
- The basic need for running a company is to have a bank account under its name. If they don’t have any account then open an account, it is mandatory to be registered as a non-profitable organization.
- The registration of an NGO will also help in tax exemption if they are registered under Income Tax Authorities.