An NGO means a non-government organization. A certain organization that works in a charitable way with no intention of gaining any financial profits in mind. An NGO Registration in India can easily be done under the following categories of law.
1) NGO Registration as the trust under the trust act of 1882.
2) NGO Registration as a society under the Societies Act of 1860.
3) And this one is latest, NGO Registration as a company under the companies act of 2013 section – 8.
What Is The Purpose of NGO Under Section 8 of The Company?
The purpose here for the establishment of an NGO mainly under the section – 8 of companies act 2013 is for promoting the non-profit objectives of the NGO initiators. It could be in the form of any trade, commerce, arts, educational, religious, charity mainly. It could be for the protection of the environment, any social welfare like for rescues of animals, anything related to sports or research. Even the income and profits that come through running an NGO are put for the promotion of the NGO’s non-profit objectives and never distributed as a dividend among the shareholders.
The minimum number of directors that must be there for starting an NGO organization is two. This is in the case of starting an NGO as a company under the company’s act of 2013 under the section 8. The incorporation in the form of a private limited company would require at least two directors while in case of a public limited company the minimum number of directors is three and the maximum number of directors may go up to 200 in a private limited company whereas in case of a public limited company, there is no limit prescribed by the government.
Another good thing about registering an NGO under the company’s act of 2013 under section – 8 is that there’s no minimum paid – up capital required to start it.
Coming to the pre-requisites for the NGO Registration in India
Know the Pre- Requisites to the NGO Registration
Submit all this at the MCA portal which the portal of the ministry of corporate affairs. Your forms can be attested by a professional, namely a practicing charted accountant or a company secretary.
What Are The Number of Forms Required for NGO Registration?
Name of the form and purpose of the form are listed below: –
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