NGO Registration in Assam

NGO Registration: An Overview

A non-governmental organisation, or NGO, is an organisation that dedicates its efforts to philanthropically improving society. Depending on what you want to achieve, you can start a project as a Trust, a Society, or a Non-Profit Company [Section 8 Company]. All non-profit organisations, including trusts, societies, and section 8 businesses, are referred to as NGOs in India. Sangathan, Sangh, and Sangam are other names for these charitable organisations. All non-profit organisations are exempt from paying income tax.These are occasionally mistaken for regular firms that aren't turning a profit, often known as non-profitable businesses. Vakilsearch will advice you and walk you through every step of the NGO company registration procedure so you can make the best decision.

NGO Registration in Assam

India's northeastern beauty is the state of Assam and a lot of them are interested in philanthropic activities. In Assam, nonprofit organisations support community welfare and social development. Numerous organisations continuously seek to improve the lives of people in the state's rural and urban areas. Assam's NGO registration has aided the state in addressing a variety of issues, including disaster management, human rights, education, and the eradication of poverty.

Advantages of NGO Registration in Assam

NGO Tax Exemption Registration in accordance with the Companies Act of 2013 will assist the NGO in claiming tax advantages. By taking advantage of these benefits, a significant portion of the money is saved, which may then be put towards other worthwhile endeavours.
A registered NGO has the authority to gather assets or take on debt in its own name. These advantages cannot be claimed by an unregistered NGO, and it is forbidden for them to possess any assets in their name.
There is no requirement for a registered NGO to have a minimum share capital. This makes it easier for NGOs to receive donations and charitable contributions and eliminates the need for ongoing capital raising.
A registered NGO may transfer ownership without restriction in accordance with the 2013 Companies Act. The transfer of interest claims is not even limited to the Income Tax Act of 1961.
A legally recognised NGO can take donations in its own name because of its legal status. Additionally, it makes it simpler for the organisation to advocate for itself before the administration and possible donors.
People looking to volunteer or donate to an organisation can feel more secure and contribute knowing that it is a registered NGO that adheres to ethical standards and the law.

Types of NGO Registration in Assam

• Trust:

  • A trust is typically managed by a board of trustees, who are responsible for making decisions about how the trust's resources are used to achieve its objectives.
  • Trusts can be registered as either public trusts (which are open to the public and operate for the benefit of the public), or private trusts (which are established for the benefit of specific individuals or groups).
  • The registration process for a trust typically involves submitting a trust deed to the relevant authorities, along with other supporting documents.

• Society:

  • Societies are typically managed by a governing body, which is elected by the members of the society.
  • Societies are required to maintain detailed records of their activities and finances and to file regular reports with the relevant authorities.
  • Societies may be eligible for tax exemptions under certain conditions, such as if they are registered as charitable organisations.

• Section 8 Company:

  • For Section 8 corporations, a minimum of two directors are needed, and at least one of them must be an Indian national.
  • A Section 8 corporation is prohibited from paying any profits or dividends to its shareholders and is required to use all earnings to enhance the organisation's non-profit objectives.
  • The terms Foundation, Association, Institute, Council, Charity, Academy, or Society must appear in the name of a Section 8 company .

Documents Required for NGO Registration in Assam

• For Trust:

  • Electricity or water bills for the intended address
  • The trustees must provide photo identification, and these documents must be self-attested.
  • Written out trust deed on stamp paper.
  • a copy of the documents registering the property
  • If the property is rented, a certificate of no objection

• For Sec 8 Companies:

  • The company's name needs to be chosen.
  • Utility bills—which include the companies' registered addresses.
  • Certificate for a digital signature
  • Articles of Association and the Company's Memorandum of Association.
  • documents listing the directors' information
  • Other important members' photo ID evidence.
  • Director identification number (DIN)

• For NGOs/ Societies:

  • The Society's name
  • A copy of the society's rules and memorandum of association
  • Resolutions copy
  • Documents indicating the society's registered office
  • Documents proving the president's and secretary's identities

Eligibility Criteria for NGO Registration in Assam

Here is the general eligibility criteria for NGO registration in Assam:

• Non-profit goal
• Intends to improve society
• Licenced office
• A board of directors or governing body
• Conformity with laws and regulations and appropriate documents

General Process of NGO Registration in Assam

• Choose a name/DIN certificate. See if the name is available.
• Create the articles of association and the memorandum.
• Register the NGO with the relevant government agency.
• Obtain the appropriate authorisations and licences
• Establish a bank account
• Obtain tax-exempt status by filing
• Keep accurate records and follow all rules and regulations.

Why Vakilsearch?

NGO Registration involves a lot of understanding and planning. Hence, it is necessary to get proper legal guidance on this matter. We at Vakilsearch provide a detailed consultation to determine whether an NGO, society, or trust registration is the right choice for you. We will also let you know about all the paperwork needed to complete the online NGO registration form. The establishment of your NGO is the last step. So, Vakilsearch can give you a hassle-free experience in NGO registration.