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Difference between society, trust & ngo.
One of my client wants to start an Old Age Home in his own property. What would be more beneficial for him i.e. Whether he incorporate a Society, Trust or NGO?
And what is the procedure for registration under the same?
Btw wats the major diffeerence between all of them?
Which would be more beneficial for the client in view of procedural aspects?
Replies (2)
Generally, Trust is preferred. Trust is a legal arrangement in which a person holds property for the sake of some other person. Society is an association of person, who come together to fulfill any particular purpose, described under the act.
For more details read: 1. https://www.nonprofitngo.com/indian-ngo/formation-of-nonprofit-ngo/
2. https://keydifferences.com/difference-between-trust-and-society.H T M L
It is a different name of Same God.
Practically there is no Big Difference between Society, Trust & NGO.
But in Document there are some difference. Trust has Trust Deed, Society is having Society Bye Laws, NGO is well documented Organisation. Example:- There are NGOs like BCCI to Patanjali.
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