Dissolution of an ngo

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ARITRA CHAKRABORTY

ARITRA CHAKRABORTY (Querist)
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26 April 2018 What are the procedures of dissolving an NGO which is not in a good financial position?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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26 April 2018 Dissolution must be approved by at least three-fifths of the society's members. Upon dissolution, and after settlement of all debts and liabilities, the funds and property of the society may not be distributed among the members of the society. Rather, the remaining funds and property must be given or transferred to some other society, preferably one with similar objects as the dissolved entity. A Request letter submit in the office of Registrar of NGO , in your area..

ARITRA CHAKRABORTY

ARITRA CHAKRABORTY (Querist)
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26 April 2018 Thank You sir. And what about the assets and liabilities of the said NGO?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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26 April 2018 Settle the liability and transfer the assets as stated above.

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