Overview of NGO Registration in Assam
Assam is a state situated in the northeast region of India. The Non-Profit organisation in Assam assist in the social development and welfare of the people. Various organisations are constantly working for the upliftment of people both in the urban and rural spaces of the state. NGO Registration in Assam has helped the state deal with numerous problems such as eradication of poverty, agriculture development, social awareness, disaster management, human rights, education etc. NGO Registration in Assam be done in the following three methods:
- As a Section 8 Company (Companies Act, 2013)
- As a Society (Society Registration Act)
- As a Trust (Indian Trust Act)
Benefits of NGO Registration
An entity will be able to obtain the following benefits:
- Tax Exemption
Registration of NGO in Assam as per the Companies Act 2013. Shall help the NGO claim tax benefits. A massive chunk of the amount is saved by availing these benefits, which can be later infused into more purposeful activities.
- Asset Acquisition
A Registered NGO is able to acquire assets or incur liability under its own name. An unregistered NGO cannot claim these benefits, and it is illegal for them to hold any property under its name.
- No cap on share capital requirement
A registered NGO does not need to have a minimum share capital. This enables the NGOs to obtain charity/ donations made to them easily, and they don't have to raise capital again and again.
- Transfer of ownership
There is no bar on the transfer of ownership of a registered NGO under the Companies Act of 2013. Even the income tax Act of 1961 does not restrict the transfer of interest claims.
- Legal Status
A registered NGO has a legal status, which enables the organisation to accept funds under its own name. It also makes it easier for the organisation to present itself to the government and potential donors.
- Gives Recognition
A Registered NGO displays a sense of security, ethics and adherence to legal norms to the people who want to volunteer or contribute to the organisation.
- Bank Account
In order to enable the smooth functioning of the NGOs, it is necessary to obtain a bank account. However, a bank account in the organisation's name can only be granted if it is registered as a trust, section 8 company or society.
Types of NGO registration in Assam:
Various categories under which an entity can complete NGO Registration in Assam
- NGO Registration in Assam (as a Trust): A person must form a public trust mentioning the charitable purpose for its creation. The author of the trust creates a deed specifying the property that has to be used. He must appoint the trustees who shall be responsible for using the property. However, there must not be any particular beneficiary; it must be open to the public at large
- NGO Registration in Assam (as a Section 8 Company): The Companies Act of 2013 enables certain entities to carry out work that promotes art, facilitates commerce, creates institutions for religious & charity purposes and protects the environment. Such entities must be registered as Non-Profit organisations under section 8 of the Act. If these entities generate profit, it cannot be distributed to their members like a regular company. The profits earned through such organisations must be reinvested to further the cause for which the NGO was created.
- NGO Registration in Assam (as a Society):An NGO can also be registered in Assam under the Society Registration Act 1860. The Act states that seven or more people can form a society to achieve objectives related to scientific, literary or charitable purposes. These societies must refrain from using words that would imply that it has any relation with state government, central government and any local authority. Self-help groups that function for profit-making shall not fall under this category.
Documents for NGO Registration in Assam
The documents required for all three types of NGO Registration in Assam differ. An applicant must ensure that he has all the necessary documents before registration.
- Documents required to register an NGO in Assam Trust Registration:
- Water or electricity bill of the proposed address
- Photo identity proof of the trustees- These documents must be self-attested
- Trust deed written out on a stamp paper
- A copy of the registered property papers
- A No objection certificate- if the property is rented
- Documents required to register an NGO in Assam as a Section 8 company
- The name of the company must be decided
- Utility bills- specifying the official address of the companies.
- Digital signature certificate
- Articles of Association and Memorandum of association of the company.
- Documents stating the details of the directors
- Photo id proof of other key members.
- DIN (director identification number)
- Documents required to register NGO in Assam under the Societies registration act:
- Name of the Society
- A copy of the memorandum of association and bye-laws of the society
- Copy of resolutions
- Documents stating the registered office of the society
- Identification documents of the president and secretary
Process of NGO registration In Assam