WHAT TO SELECT FOR NGO?
SOCIETY/TRUST/SECTION 8 COMPANIES
What is a NGO?
The term NGO refers to Non Government organizations, also referred as Non Profit Organizations (NPO’s) sometimes. NGO is defined as an association having a purpose to bring awareness regarding social welfare, protection of environment, promotion of sports, commerce and health.
They are registered organizations or informal groups, with defined set of goals.
· What are the options for formation of NGO?
What to Choose?
· Opinion
From the above comparison, it is evident that a Section 8 Company is one of the best forms of running a NPO. However, it has high cost of registration, maintenance and takes substantial amount of time for its incorporation. Trust and Societies are effective structures from an economic standpoint. Trusts are easy to form and maintain, hence highly popular.
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