Trust & Society
In India, everyone is free to do social activities without indulging any association or company. However, once a person desires to form a group that involves volunteers, activities, and resources, it becomes vital to possess correct management in situ. You can register your Non- Profit Organizations in India in three ways -Trusts, societies, or a personal company, underneath section-8 corporations.
NGO can get several benefits if they register themselves under section 12 A of Income tax Act, Section 80G of Income Tax or under Section 35 of Income tax Act
TRUST
The most possible method during which you’ll be able to register a Non-Government Organization is as a trust. The trusts are the type of NGOs agency which works with abolishing poorness, providing education and providing medical relief. All the trusts are irrevocable NGOs which cannot be closed without the order of the court.
SOCIETIES
Societies are the member-based organizations formed for charitable purposes. They’re operated by either a govt. organization or a managing committee. Societies are much different than Trusts; they are reviewed under the law called Society Registration Act, 1860.
Section 8 Companies
Section 8 Company has few responsibilities and doesn’t work for any profits. It’s typically constructed for promoting science, art, commerce, charity, faith or the other purpose that’s helpful to society. The Section-8 companies have more legal standing and higher position among government bodies and donors in comparison to Trusts and societies.