India Tax

NGO (Non-Government Organisation) is an organization that works for non-profit/ charitable purposes. In this article, we will explain how to register in ngo   in the form of Section 8 Company, under Companies Act, 2013. Laws in India applicable to an NGO NGOs can be registered in India under any of the following laws: Trust under Indian Trusts Act, 1882 Society under Societies Registration Act 1860 Section 8 Company under Companies Act, 2013 Objective of NGO – Section 8 Company The main purpose of establishing a  company as a Section 8 company is to promote non-profit objectives such as trade, commerce, arts, charity, education, religion, environment protection, social welfare, sports, research, etc. The profits/incomes of the company, if any, are applied towards promoting the objectives of the company and are not distributed as dividends to its shareholders. A minimum of two directors is required if the Section 8 company is to be incorporated as a private limit...

What is ESIC? The promulgation of Employees' State Insurance Act, 1948(ESI Act), by the Parliament was the first major legislation on social Security for workers in independent India. It was a time when the industry was still in a nascent stage and the country was heavily dependent on an assortment of imported goods from the developed or fast developing countries. The deployment of manpower in manufacturing processes was limited to a few select industries such as jute, textile, chemicals etc.   The registration on creation and development of a fool proof multi-dimensional Social Security system, when the country's economy was in a very fledgling state was obviously a remarkable gesture towards the sociology economic amelioration of a workfare though limited in number and geographic distribution. India, notwithstanding, thus, took the lead in providing organized social protection to the working class through statutory provisions. The ESI Act 1948, encompasses certain hea...