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NGOs (Non-government organizations), societies or trust are not the same even though they all sound same. They all operate on a very different scale. Society and NGOs are registered under the Societies Registration Act 1860, and trusts are registered under the Indian Trust Act. Moreover, there are various other differences between societies and trusts which cannot be ignored.
Even though, the motive of forming them is same. They all have differences in their formation, attributes and other characteristics. The NGOs (Non-government organizations) operate at a level bigger than that of trusts. The trusts are normally confined to a state level whereas NGOs (Non- government organizations) operate at a central level.
Even, though they are similar there is a difference in the objectives of each of them. And also, there are various other differences between stamp duty, required number of members etc
Advantages of NGOs, societies and trusts:
1. Tax benefits
The NGOs, societies and trusts all of them get the benefit of tax exemption under various schemes. They are able to get tax exemptions on the revenue earned by them through various schemes.
2. Connection
The NGOs, societies and trusts have a great online presence. They are more connected to the people and are able to understand the ground reality and the hardships faced by the people.
3. Access to credit
The NGOs, societies and trusts have great access to credit facilities across the country because they are credible, have perpetual succession and have market power.
Thus, we can see that NGOs. Trusts and societies play an important role in the general welfare of the society and improve the both physical and economic condition of the persons concerned in the society. The NGOs in the recent years have been the driving engine of the modern development in the Indian Economy. They have done some of the most spectacular work in the field of eradication of the poverty and also improving the health of some of the disease infected areas. Therefore, one must realize that the importance of the NGOs, trusts and society in the recent years and appreciate the hard- work they do
NGO stands for Non-Government Organization. Today there is a lot of opportunity for charitable activities. For this, the basic need is to register a charitable institution as NGO, trust or society. We are 10 years old Ngo Consultancy Delhi which deals with Ngo Registration, Trust Registration, Society Registration Online. If you are a already established NGO; we can help you obtain 12a 80G registration, (Foreign Contribution Regulation Act) FCRA Registration and Multi-State Co-Operative Society Registration. If you are passionate about charitable cause and are looking forward to register your own NGO,Enquire for Expert Consultancy Today!
These are the important documentation for NGO registration. Prepare these documents before filing application for trust registration in Registrar of Societies.
Registration of a society, trust or ngo is governed by theSociety Registration Act, 1860
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