Regarding restration of ngo.

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Rahul Prasad (Querist)

25 September 2014 Dear Sir/Madam,
We CA student union started Social work we have a group for it. Now we want to registered for society.

I would like to take suggestion that where we should get registered whether in Sec 25 company or Society in state registration office.

What are the benefit and drawback in both of them.

Nikhil Kaushik

Nikhil Kaushik (Expert)

26 September 2014 always prefer not-for-profit company. ROC is a much easier govt office to deal with in comparison to registrar of societies...everything is governed by clear rules prescribed under companies act, filings are online...that allows a much more transparent and stable operational environment...

Rahul Prasad

Rahul Prasad (Querist)

26 September 2014 OK sir Thank you,

Here Share capital will be nil??? We are student we are not doing it for earning purpose as person do we want to registered it for getting only identity for that we can get bank account and we have law.
and is there any tax liability will be made??

Nikhil Kaushik

Nikhil Kaushik (Expert)

26 September 2014 for tax purposes, you need to register under section 12A irrespective of whether you form a company or a trust. given that you are a bunch of CA students, you people should know this much!

Rahul Prasad

Rahul Prasad (Querist)

27 September 2014 Ok Sir Thanks a lot............

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