NGO MANAGEMENT SERVICES
In India, there are many different kinds of NGOs (Non-Governmental Organizations), which can be roughly divided into the following groups:
The following are important things to be aware of about tax audits:
An duty attached to property ownership that results from a confidence reposed in and accepted by the owner, or expressed and accepted by him for the benefit of another, or of another and the owner, is known as a “trust.” A trust deed is a formal document that establishes a trust. It is run by a board of trustees and is typically established for philanthropic reasons, such aiding the underprivileged or offering healthcare or education.
A society is an organization or group of people who have agreed to work together to discuss, decide, and act in support of a common goal. It can be constituted with at least seven state-level members and eight Indian-level members who are able to sign a contract. According to the Societies Registration Act of 1860, a society must be registered. Usually established to advance social welfare, culture, education, or sports, it is overseen by a governing body.
An NGO that is registered under the Companies Act of 2013 with the intention of advancing nonprofit or charity endeavors is known as a Section 8 corporation. Similar provisions were included in Section 25 of the former Companies Act of 1956. A company under Section 8 (Section 25) is run by a board of directors and is typically established to advance social welfare, education, the arts, or science. These businesses are allowed to be formed without the terms “Limited” or “Private Limited,” but they are not allowed to provide dividends to their shareholders.
One kind of NGO that is registered in accordance with the Cooperative Societies Act of 1912 is a cooperative. It is often established to further the social and economic interests of its members and is run by a committee of members.
One kind of NGO that is established to support philanthropic endeavors is a foundation. It is typically supported by one or a group of donors and may be run by a board of directors or trustees.
Non-governmental organizations (NGOs) in India are obligated to pay taxes if they make any money. Nonprofit organizations that operate for “charitable purposes” and are registered as trusts may be excluded from income taxes.
How Can Popli & Associates Help?
We specialize in offering these services to NGOs and are able to offer a range of NGOs management services. Depending on their needs and resources, NGOs may also think about contracting us on a retainer basis to perform these services for a set retainer price. Popli and Associates offers a range of management services to NGOs (Non-Governmental Organizations) in India, such as:
Advisory services: It is imperative to comprehend the unique requirements for establishing an NGO and choose a constitution that best suits its goals before turning to any specific kind of constitution.
Incorporation services: Incorporating a Trust, Society, or Company necessitates a thorough comprehension of how the NGO operates as well as the assistance of an expert in drafting pertinent documents, such as the Trust Deed, the Society’s Memorandum of Articles, or the Section 8 Company’s Memorandum and Articles of Association.
Legal and compliance services: Nonprofits must abide by a number of Indian laws and rules, such as those pertaining to registration, taxation, and reporting obligations. NGOs may make sure they are fulfilling all legal and regulatory obligations by using legal and compliance services.
Financial management services: In order to function sustainably and accomplish their objectives, NGOs must efficiently manage their funds. NGOs can benefit from financial management services for accounting, financial reporting, and budgeting.
Fundraising services: In order to operate, NGOs frequently depend on grants and donations. NGOs can use fundraising services to find possible donors and create plans to raise as much money as possible.
Human resource management services: In order to properly offer their programs and services, NGOs must manage their workforce. NGOs can benefit from human resource management services for hiring, educating, and overseeing employees.
Program management services: Nonprofits must create and carry out initiatives that effectively accomplish their objectives. NGOs can benefit from program management services for the design, planning, execution, monitoring, and assessment of their programs.