The Registrar of Companies is the regulatory authority for Section 25 companies.
Charitable trusts registered under the Bombay Public Trusts Act, applicable in Gujarat and Maharashtra, are regulated by the Charity Commissioner in those states.
The Registrar of Societies has regulatory responsibility for societies. A society can either register at the state level with the Registrar of Societies or at the District level with the District Magistrate or the local office of the Registrar of Societies.
Benefits of registration:
Non-profit organisations may be eligible for tax exemption under the Income Tax Act 1961.
This stipulates that a not-for-profit organisation must:
• be organised for religious or charitable purposes;
• spend 85% of its income on the objects of the organisation; and
• use all funds for the public benefit.
Charitable purposes include "relief of the poor, education, medical relief, and the advancement of any other object of general public utility."
NGOs involved in relief work and in the distribution of relief supplies to the needy are 100% exempt from Indian customs duty on the import of items such as food, medicine, clothing and blankets.
NGO Fundraisers is a Private Limited company, incorporated under the India Companies Act, 1956. It is a company that is headquartered in Bangalore. NGO Fundraisers has been constantly trying newer and more innovative methods of raising funds for the deserving organizations that it works with.
Through an ingenious approach devised by the founder Mr. V. Sridhar, NGO Fundraisers has been able to effectively tap into the segment of ‘Individual Philanthropy’ very effectively. There are mnay people who wish to contribute, modest sums of money for a good cause, but are unaware on which agency they must approach for the same purpose. Most importantly, these individuals may not have the time or the inclination to go in search of such agencies. By reaching them directly, this problem is eliminated and hence, the philanthropy of these individuals can be passed onto the organizations that have a requirement for the same.
India is a country of a 100 Crore people. Of this 100 Crore, even if half a percent of these individuals were to contribute an amount equivalent to Rs 2000/- per annum, imagine the amount of funds that can be raised for the needy in this country. It is this kind of a phenomenon that NGO Fundraisers plans to unleash and utilize for the good of people in this country.