| \n Basis\n <\/td> | \n NGO\n <\/td> | \n Trust\n <\/td><\/tr> |
| \n Statute\n <\/td> | \n Companies Act, 2013\n <\/td> | \n Indian Trusts Act\n 1982 or Public Trusts Act\n <\/td><\/tr> |
| \n Estimated Time\n required for Registration\n <\/td> | NGOs usually take between 15 days to 1 month to get registered. <\/td> | \n Trusts take anywhere\n from2 days to a week to get registered.\n \n <\/td><\/tr> |
| \n Authority of\n registration\n <\/td> | Registrar of Company <\/td> | \n Charity\n Commissioner\/ Sub-registration of Registration\n <\/td><\/tr> |
| \n Issue of Name\n Approval\n <\/td> | The name of an NGO must be acquired by making application to the registrar of companies. This process must be done before the registration of the NGO. <\/td> | \n Approval is not\n required, if the name is not mentioned under the State Emblem of India\n Act,2005\n <\/td><\/tr> |
| \n Minimum number of\n Directors\n <\/td> | \u2018A minimum of two directors are required. <\/td> | A minimum of two trustees and at least 3 members are required. <\/td><\/tr> |
| \n Structure of\n governance\n <\/td> | General body directors board of Directors, <\/td> | Board of trustees executive committee <\/td><\/tr> |
| \n Rights of vote and\n Power\n <\/td> | \n The voting rights\n keep on varying as it is based on the shareholding capacity of the directors\n <\/td> | All the trustees have an equal voting rights, except for the managing trustee. If other authorized persons have to be given voting rights, then this can be done by making a provision for the same in the trust deed. <\/td><\/tr> |
| Annual reports and other documents to be submitted or filed. <\/td> | NGOs must submit annual returns and audited accounts by the end of the financial year. <\/td> | Trust is not required to submit any annual report after getting the trust registered with the authorities. However, the General body and other committees and sub-committees need to maintain a record of the meetings, decisions, resolutions or any such decision. <\/td><\/tr> |
| \n General body and\n Board meetings\n <\/td> | The companies act has laid down provisions for meetings. In this NGO must hold at least one Annual general board meeting. And a total of four board meetings are to be held every year. <\/td> | There are no provisions which expressly state that trust must conduct meetings. \u00a0But the trust must meet regularly. So the trust should create rules which facilitate the meetings <\/td><\/tr> |
| \n Transfer of\n Directorship\/trusteeship\n <\/td> | \n Directorship in an\n NGO can be transferred. \n <\/td> | \n The Trusteeship\n cannot be transferred as per the Indian Trust Act for Charitable trust as NGO\n <\/td><\/tr> |
| \n Recurring\n expenditure\n <\/td> | Annual Returns and balance sheet have to be filed and requisite fees for the same also needs to be paid. <\/td> | No recurring statutory charges is levied on trust post registration <\/td><\/tr> |
| \n Can the members get\n funds\n <\/td> | After the approval from General body of the NGO, payment can be given. <\/td> | Trustees are not eligible to receive funds. But if the provision in the trust deed states about it then the trustee can get funds. <\/td><\/tr><\/tbody><\/table>\n\n\n\n |