Sunday, February 17, 2008

Kruti Registration

Hey all, I found some good information on how we can register Kruti.

The following country note, adapted from Noshir H. Dadrawala's "IRNL Country Report on the Framework Governing Not-for-Profit Organizations in India," provides a brief overview of India's categories of not-for-profit organizations and the laws governing them.
1. Trusts
The public charitable trust is a possible form of not-for-profit entity in India. Typically, public charitable trusts can be established for a number of purposes, including the relief of poverty, education, medical relief, provision of facilities for recreation, and any other object of general public utility. Indian public trusts are generally irrevocable. No national law (except the broad principles of the India Trusts Act 1882, which governs private trusts) governs public charitable trusts in India, although many states (particularly Maharashtra, Gujarat, Rajasthan, and Madhya Pradesh) have Public Trusts Acts.
2. Societies
Societies are membership organizations that may be registered for charitable purposes. Societies are usually managed by a governing council or a managing committee. Societies are governed by the Societies Registration Act 1860, which has been adapted by various states. Unlike trusts, societies may be dissolved.
3. Section 25 Companies
A section 25 company is a company with limited liability that may be formed for "promoting commerce, art, science, religion, charity or any other useful object," provided that no profits, if any, or other income derived through promoting the company's objects may be distributed in any form to its members.
Here is the complete article

http://www.usig.org/countryinfo/india.asp

Team, Do let me know your thoughts on this.

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