NGO Registration Sakti
NGO Registration under the Societies Registration Act, 1860, is a non-profit organization working towards social welfare and is not involved in any profit-making activities. An NGO can be formed by a group of individuals, a group of different organizations, or a body of individuals and organizations. The Society Registration Act, 1860 is a central act and applies all over India except for the states of Jammu & Kashmir. The law does not have any central authority; it is the respective state governments that regulate and register the organizations under this act. NGOs serve multiple purposes, mainly to uplift the society and benefit the underprivileged. It can be in various forms such as Trust, Society, or Section 8 Company. In India, The Federal Scheme of Non-Governmental Organisations (Sakti) was launched in 2012, with the aim of providing a platform for NGOs to link up, share and discuss matters relating to their activities.
The process of registration for NGOs in India under the Sakti scheme requires a few steps, which are quite simple and straightforward. This includes the preparation of forms and paperwork, submission of documents to the appropriate authority, and paying the required fee for registration. To start the process, members of the NGO need to first decide the type of entity they want to form under the Sakti scheme. After this, the members need to prepare and sign a Memorandum of Association (MOA) or Trust Deed according to the entity they want to form. This MOA or Trust Deed should contain details like the name of the organization, the mission and objectives of the organization, and the names and addresses of its members.
Once the MOA or Trust Deed is prepared and signed by all the members, it needs to be submitted to the registrar of the state in which the NGO will be operating. The registrar will review the MOA or Trust Deed and if found satisfactory, will register the NGO and issue a Certificate of Incorporation. The next step is to obtain the NGOs Permanent Account Number (PAN) and open a bank account in the name of the NGO.
Sakti provides an online portal for the NGOs to register and connect. The portal allows NGOs to register and create their profiles. Once registered, NGOs can interact and collaborate with other NGOs, government departments, and funding agencies. They can also participate in various events and discussions organized by the Sakti scheme.
The Sakti scheme also provides various benefits to the registered NGOs. It allows them to apply for grants and funding for their projects from the government and other funding agencies. It also provides them with technical expertise by helping them to connect with experts and consultants who can provide guidance and support to their projects. The Sakti scheme encourages networking and partnership among NGOs, which can help them to collaborate and work together on larger projects for the benefit of the society.
Apart from the Sakti scheme, there are other benefits of registering an NGO. NGOs registered under the Societies Registration Act, 1860 are eligible for various tax exemptions and benefits from the government. Registered NGOs are also eligible to receive foreign funding, subject to certain terms and conditions. This makes it easier for them to raise funds for their projects and activities. Registration also brings credibility and recognition to an organization, which helps in building trust and confidence among the public and other stakeholders.
The registration under the Sakti scheme also brings in transparency and accountability in the functioning of NGOs. The government monitors the activities of registered NGOs, ensuring that they comply with the necessary rules and regulations. This helps in maintaining the credibility and integrity of the NGO sector.
Overall, registering an NGO under the Sakti scheme is a simple and beneficial process. It not only provides various benefits to the NGOs but also helps in creating a network and platform for collaboration and sharing of ideas and resources. It is a great initiative by the government to promote and support the NGO sector, which plays a crucial role in addressing social and developmental issues in the country.
In conclusion, NGO registration under the Sakti scheme is an important step for organizations working towards social welfare and development. It provides credibility, recognition, and access to various benefits and opportunities. The process is simple and straightforward, and the benefits are numerous. It is a great initiative by the government to promote and support the NGO sector, which plays a crucial role in addressing social and developmental issues in the country.,
NGO Registration Sakti
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NGO Registration Sakti
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NGO Registration Sakti
This article is only published for informational purposes. Please consult your Chartered Accountant or Financial Advisor before making any important financial decisions. This article has been written by Chartered Accountant Avik Kedia.The images displayed here have been generated using openai chatgpt or google gemini or microsoft bing copilot or google bard or Twitter Grok Ai other X AI artificial intelligence ai tools and plugins and scripts and websites and applications. You may download and use these images for your personal projects at your own discretion.
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NGO Registration Sakti
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