Full Form of NGO | Full Form For NGO:- Full Form of NGO is Non-Governmental Organization, NGO’s are also known to as Non-Profit Organisations (NPO’s) sometimes.
NGO Means “Non-Governmental Organization.” a non-profit organization that operates independently of any government, typically NGO’s purpose is to address a social or political issue. NGO also raises awareness and influences policies and includes independent cooperatives, community associations, societies, group, and various associations.
NGO’s are nor “owned” by anyone and cannot divide profits through the form of dividends as such. Whatever profits they may earn from activities are reinvested or spent on appropriate non-profit activities.
The typical sources of revenue for NGO (non-governmental organizations) are donations, funding grants from unilateral and multi-lateral agencies, membership fees, other sources and interest and dividends on investments.
a. A trust of two or more persons as Trustees. The Trust should be registered under the Indian Trusts Act, 1982.
b. A company registered u/s . 25 of Companies Act, 1956. Usually, associations of professionals get registered under this provision of the Companies Act, 1956.
c. A society registered under the provisions of the Societies Registration Act, 1860 with the Registrar of the Societies, with aims and objects and a structure as keep down in the said Act.
d. A legal body consisting membership of persons constituted by or under a stature, having a structure as laid down in the statute by which it is constituted.
e. A charitable trust founded under the Charitable Endowments Act, 1920.
f. Any other organization akin to a society.
Thus an NGO in India can be registered as a trust, society or as a company under sec 25.
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