What is NGO:
NGO is a team for an orgnisation that is neither a part of a government nor a conventional for profit business.
Type of NGO
1.Trust
2.Society
3.Sec. 8 Company
How do i chose to start a type of NGO?
Trust
1.Private
2.Charitable
3.Religious
When do i set up a trust:
1.Mohan want to earmark all the income form his property for a cause he shoud start a trust.
2. Shyam want to start an NGO within a Week he should start or register a Trust
3.Chepest
Disadvantage:
1. Limited to only one state(State wise registration)
2.Difficult to obtain 80G/12A Exemption
Society
1.Shanker is a chairman of an apartment society. He should register a society
2.Ganesh Want flexibality in chaning the objectives of his NGO
3.Many member u have.
Disadvantage
1.More expensive
2.difficult to form a national society
Section 8 Company
When?
1. Ram needs 80G and 12A registration for all donations, he will receive in future he should start section 8 Company.
2. Piyush want to operate PAN India he should start section 8 Company.
3. Rajesh wants to a strong, stable and long lasting structure he should.
Disadvnatage
1. More Expensive
2. Difficult to change object easily
Basis | Trust |
Society |
Section 8 |
cost | Lowest | Moderate | High |
Registration | Not mandatory unless trust owns property | Mandatory | Mandatory |
National/ State | State Only | State Only | State Only |
Members | Min. 2 | Min. 7 | Min. 2 |
Documents Required
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