Starting a non-profit organisation is a noble endeavour aimed at making a positive impact on society. However, before you embark on this journey, it's crucial to choose the right legal structure for your organisation. In India, three popular options are trusts, societies, and Section 8 companies. Each has its unique characteristics and benefits, and with the help of experts like Vakilkaro, you can ensure a smooth and legally compliant registration process.
- Trust:
A trust is a popular choice for individuals or groups looking to create a non-profit organisation. Here are some key features:
- Formation: It is created through the execution of a trust deed.
- Management: Managed by trustees who hold and administer the trust property for the benefit of beneficiaries.
- Perpetual Existence: Trusts have the advantage of perpetual existence, ensuring the organisation’s mission endures.
- Society:
Societies are another option for non-profit organisations. Here are some characteristics:
- Formation: Governed by the Societies Registration Act, 1860, and requires a memorandum of association and rules and regulations.
- Management: Governed by a governing body or managing committee elected by its members.
- Transparency: Societies are generally more transparent due to regular reporting and auditing requirements.
- Section 8 Company:
Section 8 companies are incorporated under the Companies Act, 2013, for promoting charitable objectives. They have distinct advantages:
- Limited Liability: Members enjoy limited liability, protecting personal assets.
- Donations and Funding: Easier access to donations and funding from both national and international sources.
- Tax Benefits: Eligible for tax benefits and exemptions under the Income Tax Act.
- Corporate Structure: Follows a corporate structure with directors and shareholders.
Choosing the right structure depends on your organisation’s goals, activities, and long-term vision. Now, why choose Vakilkaro for your non-profit registration needs?
Why Choose Vakilkaro:
Vakilkaro is a trusted legal services provider with expertise in non-profit registrations. Here's why you should consider our services:
- Expert Guidance: Our team of experienced lawyers will guide you through the intricacies of trust, society, or Section 8 company registration.
- Efficiency: We streamline the registration process, ensuring your organisation is legally compliant and ready to operate efficiently.
- Transparency: You'll be kept informed at every step, with transparent pricing and no hidden costs.
- Post-Registration Support: Beyond registration, we offer ongoing legal support and compliance services, so you can focus on your mission.
For expert assistance in registering your non-profit organisation as a trust, society, or Section 8 company, contact Vakilkaro today. Call us at +919828123489 or email us at help@vakilkaro.co.in. Your journey to making a positive impact begins with the right legal foundation.
Vakilkaro is a Best Legal Services Providers Company, which provides Civil, Criminal & Corporate Laws Services and Registration Services like Private Limited Company Registration, LLP Registration, Nidhi Company Registration, Microfinance Company Registration, Section 8 Company Registration, NBFC Registration, Trademark Registration, 80G & 12A Registration, Niti Aayog Registration, FSSAI Registration, and other related Legal Services.