Registration of Society, Trust, NGO in Moradabad



Nidhi Company Registration Moradabad

Registration of Society, Trust, NGO in Moradabad

Society

society is an association of persons united together by mutual consent to deliberate, determine and act jointly for some common purpose. Societies are usually registered for promotion of charitable activities like education, art, religion, culture, music, sports, etc. In India, The Societies Registration Act, 1860 lays down the procedure for society registration and operation in India.

The Societies Registration Act, 1860 was introduced with the aim of improving the legal conditions of societies registration for promotion of literature, science or fine arts or for diffusion of useful knowledge for charitable purposes. The Societies Registration Act, 1860 has been adopted by most of the State Governments with/without further amendments.

Purpose of registering society

A Society can be formed for the promotion of literature, science or fine arts or the diffusion of useful knowledge or political education or for charitable purposes. As per Section 20 of the Societies Act, 1860, a Society can be registered for the following purposes:
• Grant of charitable assistance.
• Creation of Military Orphan funds.
• Promotion of Science.
• Promotion of Literature.
• Promotion of Fine Arts.
• Promotion or Instruction or Diffusion of useful Knowledge.
• Diffusion of Political Education.
• Foundation or maintenance of libraries or reading rooms.
• Foundation or maintenance of Public Museum or Galleries.

Registering Trust

Income Tax Act, 1961, defines a Trust as “An arrangement by which property is handed over to or vested in a person, to use and dispose off for the benefit of another person”. Creation of a Trust can be broadly classified into two methods namely private trust formation and public trust formation.

Private Trust Formation

Private trust may be created either inter vivos or by will. Creation of Trusts are subject to the provisions of Indian Succession Act, 1925.

Public Trust Formation

Similar to private trusts, public trusts may be created either inter vivos or by will. A trust can be public even if the control of the trust property was not vested in the public but was retained by the settlors, provided that the funds are utilized for the welfare of the public, which makes it clear that the public trust can be headed and controlled by a private entity

Registering NGOs

The word NGO in India refers to an entity that remains once Government and Business are removed from the framework. These entities work towards the general betterment of the society and function as small units which fill the gaps at places where Government can’t reach effectively and business cannot be done with meaningful returns.

The term Non Government Organization or NGO is used as an umbrella to cover all legal entities that seek charitable and philanthropic funds towards betterment of society without the motive to derive profit from it. However there is no such legal entity as a NGO. It can either be a Trust, a Society or a Section 25 Company. It is important that we understand the legal framework of an NGO and the important tax benefits available to an NGO. Main objective is towards betterment of the society and wellbeing of the community at large.
Variations of NGOs include:
BING (business-friendly international NGO or big international NGO): the Red Cross is one example of a BINGO.
ENGO (environmental NGO): the World Wildlife Fund is one example of an ENGO.
GONGO (government-operated NGO): by definition not an NGO but an organization created by a government to resemble an NGO to further some agenda.
INGO (international NGO): Oxfam is one example of an INGO.
QUANGO (quasi-autonomous NGO): an NGO which may have some governmental members: the ISO is one example of a QUANGO.
RING (religious international NGO): the Catholic Relief Services is one example of a RINGO.