NGO registration
An NGO is basically a not for profit earning entity which strives to work towards the betterment of the underprivileged sections of Society. Online NGO registration could have a wide range of interests for the betterment of society.
This could include Environmental reasons, human & animal rights, improving fitness, and the welfare of children, development work and will even include raising recognition about sports of social importance. So there could be any sight for an NGO Registration which could bring your idea to reality.
There are various means and sources through which a non-profit organization raises funds which could be a voluntary donation, donations to gain relaxation in income tax and it could be foreign contributions. There are 3 most popular ways for NGO REGISTRATION:
Section 8 Company
Society
Trust
Documents required for online NGO registration
Application Letter from the founders/trustee stating the purpose of NGO Registration in India
Memorandum of association/ Articles of association [MOA/AOA]
Name, Address & complete details of the members
Address proof [if rented, then NOC from landlord]
Donation receipts [if any received in the past]
Affidavit signed by the president of the NGO
Duly signed declaration by the president.
Advantages/Merits
NGO’s help farmers to increase crop production.
NGO’s introduce new technologies to farmers such as new variety, new crop, and new equipment.
NGO’s help farmers to improve their living standard.
There is a special programme for rural women and youth development.
It’s have a strong network.
It improves the leadership ability of the rural women and youth.
Its help to rural women and youth to develop their social economic condition.
It provides a good employment opportunities for educated unemployed youth.
It helps to initiate the creativity of youth and rural women.
It provides handsome salary for their employer.
It encourages the unemployed young and rural women to establish themselves.
It increases the economic contribution power in rural women.
Disadvantages/Demerits of NGO registration
It provides a vicious cycle of interest.
By giving small money, they can take over money by the high rate of interest.
It forces people to buy their attractive and developed things.
It creates a source of depression, when the consumers pay their loans they suffer a mental depression.
When rural people can not pay their loans, they take some punishable action against them which cannot tolerable to mankind.
