NGO Registration in India
Non - Governmental Organization or NGO Registration
A non-governmental organization or NGO launched by natural Individuals and it is a legally registered organization which operates independently without any interference from the state or central government. Brush up the inner entrepreneur by registering your NGO Registration in India with Kanakkupillai. Gaining the knowledge on how to register NGO online is always good and our expert team is here to educate you!
Why NGO Registration is Recommended?
If you want to launch or start a non-profit organization and if you are willing to work with an aim of improvement or betterment of any specific area or location of the society then NGO Registration is recommended to you as it will be evident in the eyes of the law. It is always better to do any social work or activity under the evidence of the law.
Advantages of NGO Registration in India
- Registered NGO benefits and enjoys the legal status and becomes eligible for the investments and funds received. For example, when a person donates investment or funds to a charitable trust, it is obtained under the name of the company and can be used for the trust’s social activities. In case of an unregistered organization, the assets can be obtained under anyone’s name and may be used in any such ways such as for their own profit.
- An organization which is registered under an NGO registration process reinforces the social, ethical, and legal norms and standards of our society.
The basic requirement for starting an NGO is to open a bank account in the name of the organization. In order to open a bank account, it is necessary to be filed as a Trust, Society or Section 8 Company. - By NGO registration, the organization obtains a special legal status and it enjoys tax exemptions which mean subscribers and donors or creditors can claim for their fund contribution for a tax exemption. Not only it enjoys tax exemption but also exempted from the various annual compliances.
- A company registered under NGO registration guarantees limited liability to the members of the company. The roles and responsibilities of the members are restricted only to a certain extent of the capital or fund contributed.
Even though the company enjoys all the advantages of the corporate company, it is not named as the corporate entity. The company cannot add the suffix name “Limited” or “Private Limited” after the entity’s title.
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