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How to Start an NGO?

Non-Governmental Organization (NGO) is an entity that works for charitable purposes and is known as not-for-profit making organization. NGO works towards the promotion of arts, science, sports, education, research, social welfare, religion, charity, and more. NGOs in India are of various types which are registered under Trust Act, Society Registrations Act or the Companies Act.

NGO are registered in the form of Section 8 Company under the Companies Act, 2013. Companies registered under this act are all not-for-profit and charitable trusts. The only difference between a trust or society and NGO is that the latter is registered under the Ministry of Corporate Affairs.

Eligibility to start an NGO

  • Minimum 2 directors required, if NGO is to be incorporated as a private limited company
  • Minimum of 3 directors required, in case of incorporation as a public limited company
  • Maximum number of members is 200, in case of a private limited company
  • No member limit in case of public limited company
  • No fee is charged, if registering as an NGO

Benefits of NGO Registration

Registering your company under NGO of Companies Act, 2013 has several benefits which are as discussed below:

Tax saving

Registering your company as an NGO under the Companies Act, 2013 and avail several taxation benefits for the directors of the company. NGOs are exempt from several taxes, and it helps the company save taxes and invest the saved money in further projects.

Lower Share Capital

All the companies need a minimum share capital to function independently. This isn’t the case with NGOs since they can be directly funded with the donations made to them. The subscriptions can also help to support the proceedings undertaken by the company. This means that NGOs do not need a higher share of capital to function independently.

Title Usage

Most companies are obligated to make their limited liability status public. This is not the case with companies registered under the Companies Act. These registered companies are exempted from the use of any titles. They can function without making their limited liability status public which is a significant benefit for the company in terms of the capital they need to make public.

Transfer of ownership/titles

Companies registered as NGOs under Income Tax Return Act of 1961 are not restricted to transfer their ownership or claims of the interests earned. However, other companies cannot move their ownership with such ease, which benefits NGO registered companies.

Stamp Duty Exemption

All companies registered as NGOs under Income Tax Act 2013 are exempted of stamp duty, which accounts for more tax-saving methods for the company. All the taxes saved through stamp duty are then invested in the promotion of the motto taken up by the company. Exemption of stamp duty protects funds for the company, which makes the functioning of the company smoother increasing the productivity of the company.

Documents Requirement for the Registration of Section 8 Company

  • Digital Signature Certificate
  • Memorandum of Association
  • Articles of Association
  • Passport Size Photographs
  • Members’ Id Proof such as Aadhar Card, Passport, Voter Id
  • Details of Director (When the Members Are Other Companies/LLPs)
  • Address Evidence
  • Director Identification Number

Why B. Pramanik & Associates can help?

B. Pramanik & Associates Leading NGO Consultancy in Kolkata, West Bengal provide NGO Consultation Services for New NGO Formation and NGO Development related services like NGO Registration, Trust Registration, NITI Ayog NGO Darpan Listing, 12AA Registration, 80G Registration, FCRA Registration, 35AC Registration, ISO Certification, Trademark Registration, Copyright Registration, MSME Udyam Aadhaar Registration, NGO Partnership System Registration, NGO Projects Report, NGO Fund Raising, Agricultural Development, SIDBI Fund, NABARD Projects, NGO Income Tax Filling, Balance Sheet & NGO Auditing Services etc.

B. Pramanik & Associates is also offering Company Services for Start-up Industry like Start up registration, MSME Registration, Company Formation, Private Limited Company Registration, Partnership Firm Registration, Company Income Tax Filling, Company Auditing Services, ROC Compliance, CA Services and etc.

B. Pramanik & Associates is an Advocates & Legal Solicitors Firm in Kolkata, West Bengal has qualified & experienced Legal Team for Lawyers Services in practising fields of Criminal suits, Bail bond, Civil Suits, Property Disputes Matters, Matrimonial suits Divorce Matters, GST & Taxation Matters, Company Matters will solve quickly through Corporate Lawyers, Criminal Lawyers, Civil Lawyers, Taxation Lawyers and etc.

You can consult with the expert lawyers from B. Pramanik & Associates dedicated legal team will help & guide you to solve your legal problems.

Call us: +91 9339055647, 6289064067, 6291316573 or Visit: www.bpramanikassociates.com and mail us: info@bpramanikassociates.com

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