NGO Compliance
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Let us know an NGO and the compliances it needs to comply with. People have a myth that since a Non-Government Organisation does not work for profit there is no need for it to go for legal compliance. But it is not true. Unlike other registered organisations in India, an NGO is also required to consider certain legal formalities seriously. Non-compliance to NGO Compliance can lead to certain penalties and legal actions.
NGO as the name resembles is a Non Government Organisation that aims at working for social welfare. It is a nonprofit organization and gets funding from different sources to promote welfare activities at varied locations. A Non-Government Organization can be registered in three different forms. They are a trust, a Society, and a Section 8 company. Now let us understand more about compliance for NGO in India.
For an NGO to prove its sincerity, transparent dealing, fair transactions, and business practices the dealings need to be in accordance with the predefined NGO laws in India. Before commencing the operation of your Non-Government Organisation, there are needs to get apply for essential documents, registration, and follow fair nonprofit practices. Compliance for NGOs in India is essential to avoid legal actions, money laundering, and penalty of any type by the related governing bodies.
Based upon various activities, covered jurisdictional areas, and income size, An NGO in India is required to abide by the statutory compliance and annual NGO compliance under the different legal requirements in the country. The compliance to be filed depends on income size; jurisdictional areas covered, and varied other activities.
At the end of a financial year, Non-Government Organisations are required to go for the below-mentioned annual compliances:
Valcus believes in offering professional services and maintaining transparency. We value your time and so make sure you get the services completed within the agreed time. There are a few good reasons that set us apart from other trust compliance providers in the city.
Write to us or visit us to learn more about our services and to book our professional society compliance solutions.
NGO stands for Non Government Organization registered under the Indian government law. It is a nonprofit entity engaged in working for social welfare causes.
An NGO in India is classified into three popular forms. They are a Society, a Section 8 company, and a Trust.
You can perform charitable activities without registering an NGO. But to avail government grants, donations from local and foreign contributors, and to comply with the country- specific laws, there is the need to get your NGO registered.
Yes, for a Non-Government Organization having Permanent Account Number (PAN) and Tax Deduction Number (TAN) on the name of the registered name is highly essential.
Yes, there is a need to file annual compliance for your Section 8 Company to comply with the various NGO governing laws in India.
The Ministry of Corporate Affairs (MCA) in the nation has been given the power to impose certain sanctions for violating the mandatory NGO operation processes.
The need for the document and compliance can vary depending on the form of NGO chosen, jurisdiction, size of transactions, and other factors.
Our team at Valcus has experience in NGO registration and compliance. We provide you with satisfactory services at an affordable service charge.