These are 3 different types of NGOs:
3.) Section-25 Company Additional Licensing/ Registration
Trusts:
trust in an ngo
Public charitable trust is usually floated when there is property involved, especially in terms of land and building. Legislation: Different states in India have different Trusts Acts in force, which govern the trusts in the state; in the absence of a Trusts Act in any particular state or territory the general principles of the Indian Trust Act, 1882 are applied. Main Instrument: The main instrument of any public charitable Trust Registration is the trust deed, wherein the aims and objects and mode of management (of the trust) should be enshrined. In every trust deed, the minimum and the maximum number of trustees has to be specified.
The trust deed should clearly spell out the aims and objects of the trust, how the trust should be managed, how other trustees may be appointed or removed, etc. The trust deed should be signed by both the settlor/s and trustee/s in the presence of two witnesses. The trust deed should be executed on non-judicial stamp paper, the value of which would depend on the valuation of the trust property.
Trustees :
A trust needs a minimum of two trustees; there is no upper limit to the number of trustees. The Board of Management comprises the trustees.
Starting any business in India has become rather easy and quick. According to the latest World Bank report of 2007, the incorporation of a company takes approximately 35 days in India. The Government of India has been developing and refining the supporting infrastructures continuously including the power supply, telecommunication network, besides facilitating foreign investment in almost all sectors, especially in the tourism, information technology, and agriculture sectors. Evidently, India’s economy is galloping ahead quite prominently and plays the pivotal role in the world trade and economy. A private limited company is a legal entity or a type of incorporated firm which (as a public firm) offers limited liability to its shareholders but which (unlike a public firm) places certain restrictions on its ownership. These restrictions are spelled out in the firm’s articles of association or bylaws and are meant to prevent any hostile takeover attempt. The major restrictions are:
(1.) Stockholders (shareholders) cannot sell or transfer their shares without offering them first to the other stockholders for purchase,
(2.) Stockholders cannot offer their shares or debentures to the general public over a stock exchange
(3) The number of stockholders cannot exceed a fixed figure (commonly 50).
