Overview

Charitable Trusts can be set up in three different forms, namely.

(a) register a trust under Indian Trust Act (register the trust at Sub-Registrar’s Office).

(b) Register it as a society under State Co-operative Societies Act or.

(c) incorporate a company under Companies Act, 2013.

Non - Profit Organization Company

• The registration of a company under Companies Act, 2013 is popularly known as ‘Section 8’ company Charitable Trusts including Section 8 companies are eligible for tax exemption u/s 11, 12, 12A, 12AA, 13 and 80G of the Income Tax Act.
• The expression “charitable purpose” has been defined under Section 2(15) of the Act to include:(a) relief of the poor, (b) education, (c) medical relief, and (d) advancement of any other object of general public utility.

Trusts and Society

• A trust can be registered under Indian Trust Act, 1882 and a society can be formed under the provisions of Societies Registration Act.
• At least two trustees are required to register a public charitable trust. However, a minimum of seven members are required for formation of a society.
• There is no requirement for annual filing in case of Trusts. However, societies must file annual returns with the Registrar of societies.
• Yes, both Trusts and societies are eligible for tax exemption provided the exemption criteria of the Income Tax Act are complied with.

Why Choose Non-Profit Organization Registration

• It is flexible and has limited liability.
• A greater capital contribution and greater stability.
• The possibility to grow big and expand

Required Documents

• Copy of Rental Agreement (along with NOC from owner)/Sale Deed in case of own property.
• Telephone or Mobile Bill/Electricity or Gas Bill Scanned copy of Notarized Rental Agreement in English
• Affidavit from director and shareholders
• Copy of PAN card, Identity and Address Proof for DIN for up to 3 directors

Process

Due to Digitalization of registration process, it’s become easy to register Non profit company

Obtaining DSC & DIN

Due to online process at least one director need to have digital signature (Dsc) which is required to sign electronic document.

For obtaining DSC, self-attested copy of director's pan card & his address proof is required.

Obtaining DSC & DIN

Firstly You need to find your name has not been taken

Secondly, you need to comply with the MCA guidelines. You can do so by ensuring that the name has a unique component and a descriptive component.

Company Registration Form & MoA & AoA Submission

Copy of Rental Agreement (along with NOC from owner)/Sale Deed in case of own property

Telephone or Mobile Bill/Electricity or Gas Bill Scanned copy of Notarized Rental Agreement in English

Affidavit from director and shareholders

Copy of PAN card, Identity and Address Proof for DIN for up to 3 directors

Company Incorporation Certificate

Once all the documents are approved by MCA , it will issue a incorpation certificate.

Apply for PAN & TAN & Bank Account

On the basis of incorporation certificate u can apply for the TAN , PAN & Bank.