Company registration Chennai, Register Company in Chennai, Incorporation of Company in Chennai.
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NGO Registration in Chennai / Charitable Trust Registration in chennai / Society Registration in chennai
A non-governmental organization (NGO) is a legally constituted organization created by natural or legal
persons that operates independently from any government. Also known as Non-profit organizations or NPO.
A NPO is an organization that does not distribute its surplus funds to owners or shareholders, but instead
uses them to help pursue its goals. Examples of NPOs include charities (i.e., charitable organizations),
trade unions, trade associations and public arts organizations.
Non-profit organisations in India (a) exist independently of the state; (b) are self-governed by a board of
trustees or ‘managing committee’/ governing council, comprising individuals who generally serve in a fiduciary
capacity; (c) produce benefits for others, generally outside the membership of the organisation; and (d), are
‘non-profit-making’, in as much as they are prohibited from distributing a monetary residual to their own members.
Whether a trust, society or section-25 company, the Income Tax Act gives all categories equal treatment, in terms
of exempting their income and granting 80G certificates, whereby donors to non-profit organisations may claim a rebate
against donations made. Foreign contributions to non-profits are governed by FC(R)A regulations and the Home Ministry.
Formation and Registration of a Non -Profit organisations in India
3) Section-25 Company
Charitable Trust Registration in chennai
A public charitable trust is usually floated when there is property involved, especially in terms of land and building.
Validity extends only in original state it was registered in. The main instrument of any public charitable trust is the
trust deed, wherein the aims and objects and mode of management (of the trust) should be enshrined. A trust needs a
minimum of two trustees; there is no upper limit to the number of trustees. It is exempt from Income Tax only in the
state registered and 80G is applicable.
Society Registration in chennai
The following societies can be registered under the Act: ‘charitable societies, military orphan funds or societies
established at the several presidencies of India, societies established for the promotion of science, literature,
or the fine arts, for instruction, the diffusion of useful knowledge, the diffusion of political education, the
foundation or maintenance of libraries or reading rooms for general use among the members or open to the public,
or public museums and galleries of paintings and other works of art, collection of natural history, mechanical and
philosophical inventions, instruments or designs.’
The main instrument of any society is the memorandum of association and rules and regulations (no stamp paper required),
wherein the aims and objects and mode of management (of the society) should be enshrined. A Society needs a minimum of
seven managing committee members. A society cannot have chapters (branches) outside state it is registered, although
members could be from anywhere in India.
It can be established ‘for promoting commerce, art, science, religion, charity or any other useful object’,
provided the profits, if any, or other income is applied for promoting only the objects of the company and no
dividend is paid to its members. They need a minimum of three trustees.
Company registration Chennai, Register Company in Chennai, Incorporation of Company in Chennai,
Company formation in Chennai Tamilnadu India, Company incorporation in Chennai Tamilnadu India, Company formation in Tamilnadu, register Limited Company in Chennai, NGO Registration in Chennai, Trust Registration in Chennai, Society Registration in Chennai