What is a Non-Profit Organization / Non Government Organization?

★ A Non-Profit Organization means a trust, company or other association of persons, that is established and incorporated for a public purpose.
★ The income and property of such organization are distributive neither to its members nor to office bearers except as reasonable compensation for services rendered.
★ In India, NGO includes all kinds of Non Profit Organization i.e. Trust, Society and Section 8 Company.
★ In a Charitable Trust at least two people are required, there is no limit of maximum members.
★ In society, a minimum of seven members are required to be members.
★ A non-profit Company can also be registered under section 8 of the Companies Act with the Registrar of Companies.
★ Other names for such not-for-profit organizations are “Sangathan”, “Sangh”, “Sangam”. Income tax exemption is available for all non-profit NGOs.

Annual Compliance of NPO / NGO / Section 8 Company
Section 8 Company is registered under the Companies Act, 2013. Hence the Section 8 Company has to comply with the Compliance mentioned in the said act for the companies. It is necessary
for the Section 8 Company to follow the compliances prescribed by the Ministry of Corporate Affairs.
Documents Required
★ Article of Association of the company
★ Memorandum of Association of the company
★ DSC or Digital Signature Certificate
★ Certificate of Incorporation of Section 8 Company