Ngo registration in Bangalore
Bangalore is one of the top technology hubs in India, known for its leadership in the IT and ITeS sector, as well as its exports to other parts of the world. The state is a preferred destination for investment in industries such as automobiles, food processing, electronics, textiles, and heavy machinery. It has also established itself as a hub for research and innovation, with over 400 R&D centers. The city of Bangalore, located in Karnataka, has excellent connectivity through an extensive road and rail network, as well as two international airports. Karnataka contributes around 5% of India's total exports, amounting to approximately USD 17.4 billion. The state has also attracted significant foreign direct investment (FDI), with over USD 40 billion invested in the past two decades. In Bangalore, there are numerous charitable organizations working towards the betterment of various segments of society with diverse goals and objectives. These NGOs have names that often include terms like "Sangathan," "Forum," "Foundation," "Trust," and others, and they are dedicated to activities such as poverty alleviation, child education, gender equality, employment creation, sports promotion, and many more. Non-Governmental Organizations (NGOs) in Bangalore are registered or incorporated under different legal forms depending on various factors, such as the size of the organization or the level of operations. These NGOs operate independently of the government of Bangalore and carry out their work towards their respective goals and objectives.
Here are some important characteristics of Non-Governmental Organizations in Bangalore:
NGOs operate independently of government bodies and voluntarily carry out their social welfare objectives. However, they may choose to collaborate with the government to support objectives that align with their own goals. NGOs can have various social, moral, religious, or political objectives, including upholding human rights, promoting sports, science, arts, or research, providing aid for human health, ensuring gender equality and preventing women's rights abuses, supporting child education and employment, and more. Registering a NGO in Bangalore, Karnataka, legally makes it a legal person in the eyes of the law, providing them with better exposure and numerous benefits such as tax exemptions, donations, and aid from government and business corporations. Registered NGOs are less likely to engage in corrupt practices like fund diversion and have a greater sense of responsibility to fulfill their objectives in their designated area and expand their operations in other areas. Unregistered NGOs are unable to enjoy these benefits.
Forms of NGO Registration in Bangalore A Section 8 company - This is a company with a non-profit motive, which is registered under the Companies Act, 2013. These companies operate for promoting social welfare, charity, religion, education, art, science, or any other similar objective. Section 8 companies enjoy various benefits such as tax exemptions, access to funding, and limited liability. A trust - Individuals can set up a trust under the Indian Trust Act, 1882 for public welfare. Trusts are easy to manage, and they enjoy legal recognition, which can help them receive funding and grants. Trusts can own property, and trustees manage them for the benefit of the trust's beneficiaries. A society - Individuals can register their NGO as a society under the Societies Registration Act, 1860. Societies can carry out various activities, such as promoting education, art, culture, science, religion, and charity. They also enjoy certain tax exemptions and have a separate legal entity. .
Benefits of NGO registration in Bangalore NGO registration in Bangalore, Karnataka offers numerous benefits, including tax benefits. NGOs that register as Section 8 companies under the Companies Act in Bangalore with non-profit motives can enjoy tax exemptions, allowing them to use more capital towards their goals. Additionally, there is no minimum capital requirement for NGOs in Bangalore making it easier for anyone to start an NGO. NGOs also enjoy limited liability and have a separate existence from their members, meaning they can hold and sell properties in their name and bear profits and losses. Moreover, the transfer of ownership rights is easier, as restrictions are not mandatory. Furthermore, NGOs that register as Section 8 companies are exempted from stamp duty payments, which enables them to save funds for charitable objectives or for the daily functioning of the company. Lastly, NGOs as legal entities can benefit from perpetual succession, which means they will remain in existence until dissolved under the law, even if the members change. .