NGO Registration In Punjab

Overview

NGO Registration in Punjab

Non-Governmental Organisation(NGO) is a nonprofit institution that operates independently of the government. An NGO's primary goal is to address society's social and charitable needs. NGOs are not permitted to disperse any of the earnings they make during a fiscal year; instead, they must spend them completely to further their mission.

Punjab, one of the most prosperous states in India, possesses an excellent road and rail network. The state boasts five airports equipped with passenger terminals, along with five container freight stations (CFSs) and four inland container depots (ICDs). Punjab shares its borders with Jammu and Kashmir, Haryana, and Rajasthan, which surround it on other sides.

In Punjab, numerous charitable organisations actively engage in welfare activities alongside the government's efforts. These organisations, commonly known as Non-Governmental Organizations (NGOs), play a significant role in promoting social welfare. NGO registration in Punjab in Punjab or incorporation under specific legal frameworks.

By legally registering an NGO in Punjab, it attains the status of a legal entity in the eyes of the law. This status brings several advantages, including enhanced visibility, eligibility for tax exemptions, access to donations and support from the government and businesses, and reduced likelihood of corrupt practices like misappropriation of funds.

Types of NGO Registration in India

• Trust

  Registering a trust in India involves legally establishing a non-profit organisation (NPO) that supports specific causes like education, healthcare, and community development. The Indian Trusts Act, 1882 governs the registration process for trusts, which typically requires the assistance of legal experts and professionals.

• Society

  Forming a society under the Societies Registration Act, 1860 involves registering a group of individuals united by a common goal or objective. Societies are created to promote charitable, religious, educational, scientific, literary, or social causes.

• Section 8 Company

  Registering a Section 8 Company involves establishing a non-profit organisation under Section 8 of the Companies Act, 2013. The primary purpose of a Section 8 Company is to promote commerce, art, science, religion, charity, or any other beneficial objective rather than generating profits. Section 8 Companies are commonly known as Non-Profit Organisations or Non-Governmental Organisations (NGOs).

Benefits of NGO Registration

NGO registration in Punjab provides the following benefits:

• Stamp Duty Exemptions

  Stamp duty exemptions allow NGOs to save funds for charitable objectives or allocate more resources towards their day-to-day operations.

• Perpetual Succession

  As a legal entity, an NGO can benefit from perpetual succession. This means that even if its members change over time, the NGO will continue to exist until it is officially dissolved in accordance with the relevant legal provisions.

• Tax Benefits Provided to NGOs

  The tax exemptions aim to provide NGOs in Chandigarh, Punjab, with additional funds that can be directed towards achieving their goals and objectives.

• No Minimum Capital Requirement

  Unlike other legal entities, NGOs can be initiated with any amount of capital, making it more accessible for individuals to start their own NGO.

• Simplified Ownership Rights Transfer

  When registered as a Section 8 company under the Companies Act of 2013, NGOs are exempted from imposing restrictions on the transferability of ownership rights. This ensures easier liquidity for members in times when funds are required.

• Limited Liability

  Limited liability means it can own and sell properties in its own name, and any profits or losses incurred are attributed to the NGO rather than its members.

Eligibility Criteria for NGO Registration in Punjab

The following NGO registration requirements in Punjab have to be met in order to legally establish an NGO.

• The maximum limit for a Private Limited Company membership is 200 members
• Members of the governing body should have no conflicts of interest with the objectives of the NGO
• The organisation must maintain proper accounting and financial records
• The NGO must adhere to all legal and regulatory requirements
• Engaging in political or religious activities is prohibited for the NGO
• If an NGO is registered as a Private Limited Company (PLC), a minimum of two (2) directors is required
• In the case of an NGO being incorporated as a Public Limited Company, a minimum of three (3) directors is necessary
• For a Public Limited Company, there is no cap on the number of members.

Process of NGO Registration in Punjab

Vakilsearch provides an easy NGO registration process in Punjab with 4 steps. Our experts make sure that all the process is handled on time without any delays:

• Step 1: Consult an Expert

  Speak with our experts and address all your queries and schedule an appointment.

• Step 2: Select a Unique Name

  Our team will Check MCA website for name availability and help you choose and register an exclusive name for your NGO.

• Step 3: Prepare and Submit Documents

  Provide all the required documents, including notarised MoA, AoA, TAN, and PAN. We will submit them to the Registrar of Societies on your behalf.

• Step 4: Receive Registration Certificate

  After document verification, the Registrar issues a registration certificate, marking the completion of NGO registration.

• Note: Our team will make sure to kickstart the NGO registration online process and provide you with all insights required for the same. Make sure to provide all the documents required for the process.

Fees and Charges for NGO Registration in Punjab

The NGO registration fees in Punjab vary and typically encompass consultation fees for professional advice, NGO registration form processing, and reviewing documents. Additional costs may include expenses related to preparing essential documents, such as the Memorandum of Association (MoA) and Articles of Association (AoA), along with notarization and document submission fees. Some jurisdictions may also impose fees for reserving and verifying the uniqueness of the NGO's chosen name. Registrar charges and expenses associated with obtaining a Tax Deduction and Collection Account Number (TAN) and a Permanent Account Number (PAN) may also apply. For more detailed information get in touch with our experts today.

Time Taken for NGO Registration in Punjab

Registering an NGO in India takes up precious time, depending on the chosen structure. While Societies might be swiftest, granting registration within 25 days, Trusts can clock in around 20 days. Section 8 companies, offering more structure, require a patient 10-14 day wait. Remember, these are estimates, and unexpected delays are always a possibility. So, for a more accurate answer, get in touch with our experts today.

Why Vakilsearch?

Registering an NGO in Punjab involves careful planning and following legal procedures. Your NGO can gain legal recognition and operate effectively by meeting the requirements and submitting the necessary documents. Our team of experienced professionals handles all the paperwork and documentation. We provide affordable and transparent pricing, ensuring a hassle-free transaction. Our goal is to assist you in registering your NGO efficiently, allowing you to concentrate on making a positive difference in your community. Contact our experts at Vakilsearch for a smooth NGO registration.