NGO/Trust/ Society Registration
A company can be defined as a natural legal entity that is formed by an association or a group of people who work together towards achieving a common objective. It can be in the form a commercial enterprise or an industrial enterprise. It has some of important features such as separate legal entity, perpetual succession, limited liability and a common seal. However, for the purposes of taxation, registration and ascertaining the liability of the company, it has been further divided into other types.
A Non-Profit Company, also called as a Section 8 Company is established mainly for promoting commerce, art, science, religion, charity or any other useful object. The term Non-Profit does not imply that the Company cannot generate profits or income, it only means that the profits or any other income derived from it is applied for promoting the objects of the Company and is not used for paying dividend to its members. A non-profit organisation can be registered as a Society, Trust and Section 8 Company. Usually, Trusts and Societies are governed by State laws and are not controlled by Central laws. It takes 30-40 days to incorporate a Section 8 Company. The time can be reduced if a license is issued and other forms are approved earlier by respected Registrar of Companies.
Advantages of registering as NGO/Trust/ Society Registration:
What is an NGO (Non-Government Organizations)?
An NGO is defined as a voluntary association of persons that has a definite social mission. It is not owned by any one and is prohibited from distributing its profits. The profits that are earned may be spent only for non-profit activities. The main source of revenue for NGOs are donations, grants, gift, membership fee and interest on investment.
Procedure to register as NGO:
What is a Trust?
A Trust is considered to be the oldest form of charitable organisations. It is an arrangement between parties wherein one party holds ownership over property on behalf of another person. It is established and governed by the Indian Trust Act, 1882 for private trusts. The objects of a Trust are usually relief of poverty, education, medical relief and any other object of general public utility.
Procedure to register as a Trust:
What is a society?
A society is a membership organisation that has been registered for charitable purposes. Societies are usually registered for charitable activities like sports, music, culture, religion, art, education, etc. It is governed by The Society Registration Act,1860 for registration and functioning purposes.
Procedure to register as a Society:
Service Delivery Process followed by White Code Legal:
Service Inclusions
Service Exclusions
Why White Code Legal?
At White Code Legal we prioritize and always strive to deliver client satisfaction. Keeping focus on maintaining affordable prices and delivering excellence we aim to make worth of every penny our clients spend with us, and build a lasting relationship with our them.