Formation of Section 8 Company (NGO)/RWA/Trust/Society
Non-governmental organisations in India
Indian non-governmental organisations (NGOs) can be set up under various Indian laws.the sole aim of this NGO is to
provide resources to the elderly people of our country. Their objective is to make aware the senior citizens of their
rights and protect the rights of the senior citizens of our country so that they can also play a key role in our
society.
Trust
Indian Trusts Act, 1882 is an Act in India related to private trusts and trustees. The act defines what would lawfully be
called as a trust and who can be legally its trustees and provides definition for them. The Indian trusts amendment bill
of 2015 amended the act and removed some restrictions on investment of the monetary assets by the trust in certain
investments.
Society
A society is a group of individuals involved in persistent social interaction, or a large social group sharing the same
geographical or social territory, typically subject to the same political authority and dominant cultural expectations.
Societies are characterized by patterns of relationships (social relations) between individuals who share a distinctive
culture and institutions; a given society may be described as the sum total of such relationships among its constituent
of members.
RWA
RWAs (Resident Welfare Associations) are particularly recognized by the Societies Registration Act,1860.These function on
the basis of constitutional documents such as a Memorandum of Association which conclude their roles and objectives.They
are discretional collaborations made by citizens and they do not have any statutory authority.As societies, Resident
Welfare Associations (RWA) also make their separate decree and regulations to explain their powers, roles, governance
structure, names of dignitaries etc
Section 8 company
According to section 8(1)(a), (b) and (c) of the Indian Companies Act, 2013, a section-8 company can be established for
promoting commerce, art, science, sports, education, research, social welfare, religion, charity, protection of
environment or any such other object, provided the profits, if any, or other income is applied for promoting only the
objectives of the company and no dividend is paid to its members.
To know more, Please click here