Introduction to the Basics of NGO Registration Online in Delhi

Introduction to the Basics of NGO Registration Online in Delhi

Non-Governmental Organization or NGO is an organization that works for charitable, non-profit, and social welfare causes. Such kind of originations can be registered in India under the Indian Trust Act, of 1882; as a Society under the Societies Registration Act, of 1860, or as a Section-8 Company under the Companies Act, of 2013. In the majority of cases, NGOs function without profit and are provided various kinds of exemptions when it comes to taxation. Since starting an NGO is easy, many individuals apply for a new NGO registration process.

NGO Registration

Trust

One of the methods to do NGO registration in Delhi is Trust or more commonly known as a charitable trust. The Trust is a legal entity established by the “trustor” or “settlor” who transfers the assets to the second party who are known as r “trustee” for the benefit of the third party or “beneficiary”. The main purpose of establishing Trusts is to help and support the deprived sections of society. Any group of individuals can register a trust in India since there is no specific law to govern the public trust.

Societies

A society is an entity that is created by a group of individuals united in their cause for promoting science, arts, literature, social welfare, and useful information. In addition, societies work for creating military orphan funds, for maintaining monuments, libraries, etc.

Societies are managed by the Societies Registration Act, of 1860 and they need to be registered with the respective state Registrar of Societies to be eligible for tax exemption.

Section 8 Companies

A Section 8 company is quite similar to a trust and society. The main purpose of Section 8 Companies is to promote arts, science, commerce, sports, social welfare, religion, charity, and environmental protection. These kinds of companies are registered under the Companies Act, 2013 for charitable purposes and mostly receive funding from the government and other stakeholders.

Registration of an NGO in India: Benefits

• By doing NGO registration online, the company gains legal status and becomes accountable for the funds received. For example, when a person donates funds to a charitable trust, the same is received under the name of the organization and the amount can be used for the trust’s activities. In case the firm is unregistered, the assets can be received under anyone’s name and might be used for some other purposes.
• The main requirement to run an NGO is to have a bank account under its name. To open an account, it is important to complete NGO registration online in Delhi as a Trust, Society, or Section 8 Company.
• New NGO registration in Delhi is important to enjoy tax exemption from the Income Tax Authority.

Why Choose Us?

The experts here do thorough research to understand the kind of registration suitable for you. Also, we will inform you about the documents required to complete the online NGO registration form for NGO / Society/ Trust registration.

We are available to serve you round the clock. You can contact us not only for the new NGO & Trust registration online process but also for other business-related services at Valcus.