An NGO stands for Non – Government Organization. The term NGO originated from the United Nations (UN), and is normally used to refer to organizations that do not form part of the government and are not conventional for profit or business. Today there is need for the betterment of the underprivileged section of the society. This need can be satisfied using non-profit organization.
There are 2 types of non-profit NGO.
Non-Profit NGOs are registered under 2 acts. One is Indian Trust Act, 1882 and the other is Indian Societies Act, 1860 , Indian Trusts are registered under Trust Act and the Societies are registered under Societies Act. The third type of act is Indian Companies Act, 1956 under which a profitable NGO is registered.
An NGO is eligible for Government funding after 3 years. However, in some special cases, an NGO can get Government funding even after 1 year if its project gets approved.
CSR stands for Corporate Social Responsibility. These are voluntary activities undertaken by a company to operate in an economic, social and environmentally sustainable manner. According to new CSR rule as implemented in 2013, every company makes a minimum profit of 500 crores must donate some amount of money in eradicating poverty, education and benefits of the society.
The minimum members required to register an NGO is 3 if it is a Trust. It is not necessary to have all 3 members from 3 different states. If you are registering a Society, you must have a minimum members of 7 from seven different states of India.
An NGO has basically 3 min posts which that of a President, General Secretary and Treasurer. In some cases, you can also have a Vice President.