What Is The Basic Concept of NGO?
The Non-Government Organization (NGO) is a
type of corporate entity which is a non-profitable or in other words a
charitable organization. These NGOs work for the development and welfare of the
society and not in the personal interest of the founder of the organization. These
organizations can be registered in any of the following schemes in India:
v They can be
registered as Trust, under the Trusts Act, 1882.
v They can be
registered as Society, under the Societies Registration Act, 1860.
v They can be
registered as Section 8 company, under the Companies Act, 2013.
What Are The Roles and Responsibility of an NGO Organization?
The reason behind establishing any NGO is the
betterment and upliftment of society from the one social cause which is not
letting the society develop and grow with the current world of globalization
and modernization. They work for non-profitable objectives that could be
related to art, culture, trade, education, religion, environment protection,
sports or any welfare program of society.
The point to keep in mind is that even if any
profit is generated from the organization even that is put for the welfare
cause and not in personal interest. The registration of a corporate entity
requires a minimum number of two directors in case of private limited and
minimum of three for public limited companies.
Avail the Advantages of NGO Registration
v The first and
foremost importance of NGO
Registration is that it works in a local area and from grass root level
focussing on the realities of the situation and people. So the progress can be
monitored easily.
v The concept of
establishing an NGO is cheaper than corporate entities. It is easy for an NGO
to raise funds in the name of charity and welfare of society.
v They provide
better communication as they have trained staffs for the people who connect
with them at all levels and bring out the real scenario.
v They have creative
people who bring the innovative ideas towards any problem situation or
community and address and find a solution accordingly.
v They help improve
the standards of living and help educate the people and broaden their horizons.
Follow the NGO Registration Process as a Section 8 Company with The Help
Of Experts
v The primary step
is to obtain the Digital Signature Certificate (DSC) for all the corporate
entities. They are to be issued by the government recognized certifying
agencies only. The DSC can be obtained from different agencies but you must
obtain either a class 2 or class 3 category of DSC. In the Class 2 category,
the verification of the identity of the person is verified through a pre-verified
database however in class 3 category the person has to be present himself for
verification.
v The next step is
to apply for the Director Identification Number, all the directors of the
organization must have the DIN. These can be obtained from the MCA portal. You
need to duly fill all the required forms and get it attested by a practising
professional who could be a chartered accountant or secretary of the company or
cost accountant.
v If the Registrar
is satisfied by the details furnished above and all the relevant proofs of
documents have been submitted along with the fees for NGO/Trust registration and
other forms he will issue the company a certificate of Incorporation and that
certificate will have a unique Company Identification Number (CIN).
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