Establishing a Non-Governmental Organization (NGO) in Karnataka involves a systematic procedure governed by the Societies Registration Act, 1960. Here’s a concise guide to the steps involved in the NGO registration process:
- Governing Body Formation:
The first step is to form a governing body or managing committee comprising a minimum of seven individuals. This body will be entrusted with the responsibility of overseeing the NGO’s activities and ensuring its adherence to legal obligations.
- Memorandum of Association and Rules:
Draft a Memorandum of Association (MoA) and Rules and Regulations that clearly articulate the NGO’s objectives and mission. These documents are vital as they serve as the guiding principles for the organization’s functioning.
- Application Submission:
Prepare and submit the application for NGO registration to the concerned Registrar of Societies. Alongside the application, submit the MoA, Rules and Regulations, and a statement of assets and liabilities. This documentation provides insights into the NGO’s structure and purpose.
- Verification and Approval:
The Registrar scrutinizes the submitted documents to ensure compliance with legal requirements. Once satisfied, the Registrar grants approval, officially recognizing the NGO as a legal entity.
- Certificate of Incorporation:
Upon successful verification, the Registrar issues the Certificate of Incorporation. This certificate serves as conclusive evidence of the NGO’s legal status and is crucial for availing various benefits and privileges.
- PAN and Bank Account:
Obtain a Permanent Account Number (PAN) for the NGO and open a dedicated bank account in its name. These steps are essential for financial transactions and maintaining transparency.
- Tax Exemptions:
NGOs can apply for tax exemptions under sections 12A and 80G of the Income Tax Act. This status not only provides relief on the NGO’s income but also encourages donors by offering them tax benefits.
Navigating through these steps ensures a systematic and legally compliant NGO registration process in Karnataka, fostering transparency and accountability in the pursuit of social welfare objectives. Seeking professional guidance during this process is recommended for a smoother registration experience.