One of the ways in which an NGO can be registered is Trust or more commonly called Charitable trust. Trust is a legal entity created by the “trustor” or “settlor”. Who transfers the assets to the second party or “trustee” for the benefit of the third party or “beneficiary”. Trusts are formed to help and support the deprived sections of the society. Any group of individuals can register a trust. And in India as such there are no specific laws to govern the public trust. However, some states like Maharashtra and Tamil Nadu have their own Public Trust Act.
A society is an entity that can be created by a group of individuals united in their cause for promoting science, arts, literature, social welfare and useful information. In addition, societies work for creating military orphan funds, maintaining public museum and libraries.
Societies are governed by the Societies Registration Act, 1860. They must be registered with the respective state Registrar of Societies to be eligible for tax exemption.
A Section 8 company is similar to a trust and society. The objectives of a Section 8 Companies are to promote arts, science, commerce, sports, social welfare, religion, charity and environmental protection. They are registered under the Companies Act, 2013 for charitable purpose. They have better credibility among government bodies, donors and other stakeholders.
Each law defines the formation of a different type of organization, namely – Trust Registration, Society Registration, and Section 8 Company Registration. Choosing the kind of registration procedure for the charitable firm is crucial. Our experts will help select the suitable option that befits your vision and guide you with the online registration process.
I wanted to help the society. LawDocs helped me in the registration. And guided me regarding the correct procedure. Now, the result is that my NGO has been registered. And after 3 years, I will be eligible to get foreign grants as well.
A theft was committed in my colony. We decided to build gates on the entrance of our colony. We got a society registered from LawDocs and now all the residents feel protected.
LawDocs assisted me in the registration of my family trust. The deliveries of service were quick and the charges were reasonable. I seriously recommend LawDocs.