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NGO Registration /Trust/Co-operative society

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₹ 10000 /-

excl of GST  

What is NGO registration | Trust | Co-Operative society?

NGO Registration: Non-Governmental Organizations (NGOs) play an important role in social development. The registration of an NGO entails legal procedures to establish legitimacy. NGOs usually concentrate on philanthropic, educational, or charitable activities.

Trusts: Trusts are legal entities formed to benefit persons or causes. In the context of non-governmental organizations, founding a trust entail establishing a legal framework to administer assets for philanthropic purposes. These assets are managed by trustees in order to achieve the trust's goals.

Cooperative Societies: Cooperative societies value collaborative efforts, which are popular in agriculture, housing, and small companies. Members cooperatively manage and benefit from the society, establishing a spirit of collaboration and shared wealth.

Why We Need to Register as a NGO l Trust| Co-Operative society?


Depending on the nature of your organization and its purposes, registering as an NGO, trust, or cooperative society offers many benefits. Here are some of the reasons why you should consider registering each entity:
Non-Governmental Organizations, or NGO's:
1. Credibility and Recognition: Registration gives your organization credibility. It establishes legal recognition and may increase trust among donors, partners, and the community.
2. Access to Funding: Many funding sources, such as government grants and international organizations, may need NGOs to be registered in order to be considered for financing.
3. Legal Advantages: Registration offers a legal framework that protects the organization and its members. It establishes rights, responsibilities, and liabilities.
Trust:
1. Trusts are especially effective for managing and safeguarding assets for specific charitable objectives. Registration guarantees compliance with trust laws and legal clarity.
2. Perpetuity: Trusts can last indefinitely, providing for a long-lasting impact. Registration aids in the continuity of the trust's mission.
Cooperative Society:
1. Collective Strength: Cooperative societies encourage members to work together and share resources. Legal recognition is made easier by registration, guaranteeing that members can work together and profit.
2. Cooperative advantages: Registered cooperative societies have access to a variety of advantages, such as financial assistance, training programs, and government incentives.
3. Legal Structure: Registration creates a legal structure that defines the rights and obligations of members, strengthening the cooperative's stability and sustainability.

Advantages of Registering as a NGO | Trust | Co-Operative society

Checklist for NGO’s

Define the mission and goals:
  • Outline your NGO's mission and goals in detail.
  • Specify the social cause or local problem that your non-profit wants to solve.
Select a Distinctive Name:
  • Choose an original and significant name for your non-profit.
  • Verify that the name is available and complies with naming guidelines.
Create a constitution:
  • Create a constitution or bylaws detailing the organization's structure, activities, and decision- making processes.
Establish the Board of Directors:
  • Determine and recruit candidates to fill the positions on the board of directors.
  • Specify jobs, responsibilities, and terms of office.
Legal Structure:
  • Choose the legal structure (such as a trust, society, or section 8 company) in accordance with the laws of your nation.
Getting registered with the relevant regulatory body:
  • Send the necessary paperwork to the appropriate regulatory body.
  • Fill out any required NGO registration application forms.
Financial Account:
  • Create a special bank account in the NGO's name.
  • Observe all reporting guidelines and financial restrictions.
Application for Tax Exemption:
  • In your jurisdiction, apply for tax-exempt status if appropriate.
  • Comply with any tax-related obligations.

Checklist for Trust

Make a Deed of Trust:
  • Create a trust deed that outlines the goals, trustees, and regulations for the trust.
  • As needed, notarize the trust deed.
Choose Trustees:
  • Identify and appoint trustees, clarifying their roles and responsibilities.
Application for Registration:
  • Send the registration application and the trust deed to the appropriate authority.
Bank Account:
  • Create a bank account under the trust's name.
  • Observe all banking and finance laws.

Checklist for Co-operative society

Describe the Structure and Goals:
  • Clearly state the cooperative society's goals and organizational framework.
  • Describe the responsibilities, rewards, and activities for members.
Draft Regulations:
  • Ensure that the management structure, membership requirements, and operation are outlined in bylaws.
Membership Drive:
  • Find members with similar objectives or interests.
  • Maintain a record of the members' contributions.
Application for Registration:
  • Fill out the registration form completely and send it to the appropriate cooperative department.
Financial Account:
  • Make a bank account for the cooperative society.
  • Comply with all financial regulations.

Filings for NGO’S

  • Name Reservation:
    Select a unique name for your NGO that is not currently in use.
  • Memorandum of Association (MOA):
    Write and submit the MOA describing the goals, domain of activity, and organizational structure of the non-governmental organization.
  • Registration Application:
    Prepare and submit the registration application, along with any required documentation, to the appropriate government authority, which is usually the Registrar of Societies or the Charity Commissioner.
  • Board Resolution:
    Make a resolution on the board declaring the organization's intent to register.
  • Financial Statements:
    Details about bank accounts and financial statements may be needed, depending on the jurisdiction.

Filings for Trust

  • Selecting a Name:
    Select a name that is appropriate for the trust and make sure it is available.
  • Trust Deed:
    Write a trust deed that outlines the goals, guidelines, and policies of the trust. The trustees are required to sign this paper.
  • Application for Registration:
    Submit the trust deed to the local registrar or sub-registrar along with the application for registration.
  • Affidavit:
    Create an affidavit outlining the trust's aims and trustee details.
  • Financial Statements:
    The submission of financial statements may be required.

Filings for Co-operative society

  • Name Approval:
    Select and obtain a distinctive name for your cooperative group.
  • Application Submission:
    Send the cooperative society's proposed bylaws and registration application to the Registrar of Cooperative Societies.
  • Bylaws:
    Create bylaws outlining the rules and regulations that govern the cooperative society.
  • Resolution:
    The promoters' desire to create a cooperative society should be stated in the resolution.
  • Report on the Feasibility:
    A feasibility report detailing the viability of the society may be required by certain jurisdictions.

Compliance for NGO’s

1. Registration:

NGOs are usually required to register with the appropriate government authorities. This registration process may entail providing relevant paperwork as well as information about the organization's goals and operations.

2. Legal Structure:

Depending on the rules of the nation, select a proper legal structure for the NGO, such as a trust, society, or section 8 business.

3. Tax Exemptions:

NGOs are frequently eligible for tax breaks. Ensure tax compliance and, if applicable, apply for tax-exempt status.

4. Financial Reporting:

Maintain correct financial records and generate annual financial statements. Many countries have particular reporting requirements for non-governmental organizations (NGOs).

5. Foreign Contribution Regulation Act (FCRA):

If the NGO accepts foreign financing, FCRA compliance is crucial. Obtain FCRA registration or prior permission as needed.

6. Board Governance:

Establish a governing board and follow governance principles. Some countries have particular rules governing the composition and functioning of the board.

7. Annual Reporting:

Annual reports should be sent to the appropriate authorities. These reports usually include financial statements as well as information about the organization's activities.

Compliance for Trust

1. Deed of Trust:

Create a legally binding trust deed defining the trust's aims, governing structure, and operational information.

2. Compliance of Trustees:

Ensure that trustee duties and responsibilities are carried out in accordance with the trust deed.

3. Registration:

Register the trust with the appropriate authority, which could be the local registrar or a charitable commissioner.

4. Tax Exemptions:

Trusts, like NGOs, may be eligible for tax exemptions. Comply with tax requirements and request for tax benefits.

5. Annual Reporting:

Submit annual reports and financial statements to the appropriate authorities.

Compliance for Co-operative society

1. Registration:

The cooperative society should be registered with the relevant government agency that oversees cooperative societies.

2. Bylaws:

Draft and follow bylaws that control the cooperative society's internal operations and decision- making processes.

3. Membership Compliance:

Maintain an up-to-date list of members and ensure compliance with membership standards.

4. Management of finances:

Implement strong financial management techniques and routinely audit the cooperative society's financial records.

5. Annual General Meeting:

Hold regular AGMs and report to the cooperative society registrar.

Closure for for NGO’s

1. Board Decision:

The governing board should pass a resolution authorizing the NGO's closure. The reasons for the closure and the decision-making process should be outlined in the resolution.

2. Notify Stakeholders:

Notify important stakeholders, such as donors, personnel, and beneficiaries, of the decision to close. Provide details about the closure process as well as any ongoing commitments.

3. Settlement of Liabilities:

Any outstanding debts, liabilities, or contractual obligations must be paid. This covers salary, debts, and other financial obligations.

4. Asset Disposal:

Make a decision about asset disposal. Assets can be sold, transferred, or donated in accordance with the organization's policies and legal restrictions.

5. Legal Compliance:

Ensure that all legal requirements for closing are met. Notifying government officials, tax offices, and other appropriate bodies may fall under this category.

6. Final audit and financial reporting:

Finalize the audit of the organization's financial records. Prepare and submit the final financial statements to the appropriate authorities.

7. Cancellation of Registration:

Cancel government registrations, such as the NGO's registration or tax-exempt status.

8. Dissolution Record:

Create a plan or dissolution document that complies with local regulations. It is necessary to submit this paper to the appropriate government authorities.

Closure for Trust

1. Trustee Resolution:

Trustees, like NGOs, must pass a resolution to dissolve the trust. Clearly express the reasons for the closure.

2. Legal Compliance:

Follow the legal procedures for trust closure, including informing the appropriate authorities and receiving closure approval.

3. Settlement of Liabilities:

Clear all outstanding obligations, liabilities, and commitments. Ensure that the trust funds are used correctly for settlement.

4. Distribution of Assets:

Determine the procedure for distributing leftover assets after resolving liabilities. This may entail moving assets to other charitable organizations or selling assets with the proceeds going to a charity cause.

5. Record-keeping:

Prepare the essential documentation for the trust's dissolution, such as a dissolution deed or plan.

Closure for Co-operative society

1. Member Approval:

Obtain agreement from the members via a special resolution to dissolve the cooperative organization.

2. Liquidator Meeting:

Appoint a liquidator to handle the winding-up process. The liquidator may be an outside professional or a member of the cooperative organization.

3. Pay Off Debts:

Pay off outstanding obligations and debts. After settling commitments, the liquidator should ensure a fair transfer of assets to members.

4. Asset Disposition:

Determine how assets will be disposed of, which may include selling or transferring them to members or other entities.

5. Legal Compliance:

Comply with the legal conditions for the closing of a cooperative society. Notifying the registrar of cooperative societies and other appropriate authorities may fall under this category.

6. Final audit and reporting:

Conduct a final audit, and prepare and submit financial statements to the registrar.

7. Cancellation of Registration:

Cancel the cooperative society's registration with the proper authorities.

Compliance for Private Limited Company

1. Board Meetings and Annual General Meetings:
As part of their compliance requirements, private limited firms must hold board meetings and an annual general meeting (AGM). There must be a record of these meetings' minutes.
2. Certificates of Compliance:
These documents attest to an organization's compliance with a number of legal criteria and may be imposed of companies.
3. Modifications to the Company Structure:
Regulatory organizations should be notified of any modifications to the company's structure, including changes to the registered office address, share capital, or directors.
4. Event-Based Filings:
When a significant event occurs, like a name change or a modification to the articles of association, a corporation may be required to file an event-based report.

Why SHR for Your NGO’s, Trust and Co-operative Society Registration?

Personalized Support:
Tailored assistance from SHR professionals ensures that your questions are answered and your specific company needs are met, providing unwavering support for your entrepreneurial path.
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Prioritizing Your Financial Well-Being:
At SHR, your financial well-being comes first. Our cost- effective services not only suit your needs, but also save you money, encouraging affordability and value across all of our offerings.
Time-Efficient Process:
SHR respects the value of your time. Our streamlined and efficient services offer a smooth experience, from short processes to prompt responses, we are committed to conserving your time for what is truly important.

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