npo or ngo or nco

Presentation on Non- Profit Organization

Outcome of study is:-

IntroductionMeaning & definition Objective & goals function Submitted by:- Nature ANAND KUMAR MISHRAScope MBA 4th Sem Roll No-4Registration of NPO

Introduction:- You buy goods of daily consumption from the

general store of your locality, such as clothes from cloth shop or you see a movie in a cinema hall. These are all business organizations that deal in purchasing and selling goods and services. Their objective is to earn profit. You must have studied in a school, you go to a hospital for treatment. You may be a member of a sports club of your area. These are the organizations that are founded not to earn profits but to provide services to their members and to the public in general.

Meaning of NPO :-

it is An incorporated organization which exists for educational or charitable reasons, and from which its shareholders or trustees do not benefit financially. 

Any money earned by a non-profit organization must be retained by the organization, and used for its own expenses, operations, and programs. Many non-profit organizations also seek tax exempt status, and may also be exempt from local taxes including sales taxes or property taxes.

Defn of NPO (Non-profit organization) or NCO (Non-

commercial organization) or NPB (Non for profit Business)

It is A corporation or an association that conducts business for the benefit of the general public without shareholders and without a profit motive.

it is an organization that uses surplus revenues to achieve its goals rather than distributing them as profit or dividends.

it is an incorporated organization which exists for educational or charitable reasons, and from which its shareholders or trustees do not benefit financially. 

a) AIM TO IMPROVE SOCIETY b)BETTERING THE COMMUNITIES

THEY SERVEc) CREATES CHANGESd)PROVIDE SUSTAINABLE

DEVELOPMENT e) CONTRIBUTION IN NATIONAL

INCOME f) PROVIDE BENEFITS & SERVICES

TO GENERAL PUBLIC

Objective & goal:-

Function:-

Economic activitySupervision and management provisions.Representation.Accountability and auditing provisions.Provisions for the amendment of the statutes

or articles of incorporation.Provisions for the dissolution of the entity.Tax status of corporate and private donors.Tax status of the foundation.

Nature:-

Serve the public Having defined purpose Service orientedStatutory body of tax Based on Nature of Work such as:- religious, charity, Artistic, prevention of cruelty, labour organization, scientific, Health Care etc.

Scope:-Art, culture & Humanities Education & Research Environmental & Animals Health Services Public & social Benefit ReligionMutual /Membership Benefit International & foreign Affairs

In India The NPOs are commonly known as NGOs

They can be registered in four ways:-

1)Trust2)Society 3)Section-25companys 4)Special Licensing

The following laws or Constitutional Articles of the Republic of India are relevant to the NGOs:-

Articles 19(1)(c) and 30 of the Constitution of India

Income Tax Act, 1961Public Trusts Acts of various statesSocieties Registration Act, 1860Section 25 of the Indian Companies Act,

1956Foreign Contribution (Regulation) Act,

1976

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