Know About Csr Of Reliance-quickchm

Business NGOs are organizations that usually work towards the promotion of certain causes or the welfare of a target population. Since they function in the non-profit realm, their objectives are achieved by joining hands with corporate outlets like the Mukesh Ambanis Foundation. In order to achieve their objectives, NGOs need to follow a meticulous approach right from the stage of conceptualization. Besides, there are rules and regulations laid down by the Government of India. NGOs are highly diverse group of organizations engaged with a wide range of activities, and take different forms in different parts of the world. Some may have charitable status, while others may be a part of corporate social responsibility of a certain corporation for example, CSR of Reliance . Others may be fronts for political, religious or other interest groups. So many people want to quit their high profile jobs and turn to social work! If you are one of them, you should know that setting up an organization, such as an NGO, in India is no easy task. But if youre determined, theres help at hand. Before registering the organization, you need to have a governing body in place that will be responsible for all activities and decisions of the organization. The governing body will be involved in all matters of strategic relevance, including strategic planning, financial management, human resources and networking. Every NGO in India is legally required to document a trust deed/ Memorandum of Understanding/Bylaws that contain the name and address of the NGO, mission and objectives, details of governing body members, human resource and staffing information, rules and regulations, administrative laws and procedures. In India, you may register an NGO under any of the following Acts: Indian Trusts Act: A Charitable Trust is not legally obliged to obtain registration; unless the Trust wants to claim in.e tax exemptions or is based in a state that is governed by the Public Trusts Act, such as Maharashtra. Societies Registration Act: A society can be formed by a group of seven or more people. Its formation is more .plicated than that of a trust, but it also affords more flexibility in terms of regulations ..panies Act: An association that is formed for the promotion of art, science, .merce, religion or charity can be registered as a .pany but its members cannot be paid a dividend. All profits should be utilized for furthering the objectives of the .pany. Raise funds through internal sources (membership fees, sales, subscription charges, donations, etc.) or grants-in-aid from the Government, or private .anizations like Mukesh Ambanis Foundation . Inflow of foreign funds is governed by the Foreign Contribution Regulation Act (FCRA) 1976. Many NGOs are eligible for tax exemptions – be sure to check your eligibility status and file your application if the exemption applies to you. About the Author: 相关的主题文章: