Question 1

What is 12A registration, and why is it important for NGOs?

Accepted Answer

12A registration is a certification provided by the Income Tax Department that allows NGOs to be exempt from paying income tax on their surplus income. It is essential for reducing the financial burden on NGOs, allowing them to allocate more funds toward their charitable activities.

Question 2

How does 80G certification benefit donors and NGOs?

Accepted Answer

80G certification allows donors to claim tax deductions on their contributions to the NGO. This benefit not only incentivizes donations but also enhances the NGO’s credibility, making it more attractive to potential donors.

Question 3

What is CSR funding, and how can an NGO qualify for it?

Accepted Answer

CSR (Corporate Social Responsibility) funding refers to the mandatory spending by certain companies on social causes. NGOs can qualify for CSR funds if they have 12A and 80G registrations and meet the eligibility criteria set by the Ministry of Corporate Affairs.

Question 4

Why is Niti Aayog registration important for NGOs?

Accepted Answer

Niti Aayog registration, through the Darpan portal, is crucial for NGOs looking to collaborate with the government or apply for government grants. It enhances transparency and provides a platform for NGOs to showcase their work and connect with government initiatives.

Question 5

What is FCRA approval, and when is it required?

Accepted Answer

FCRA (Foreign Contribution Regulation Act) approval is required for NGOs that wish to receive foreign contributions. This approval ensures that the NGO complies with regulations governing foreign donations and is typically required if the NGO has been in existence for at least three years.

Question 6

How long does it take to obtain 12A and 80G certifications?

Accepted Answer

The timeline for obtaining 12A and 80G certifications can vary, but it generally takes a few months from the date of application. Legal Corner can help expedite the process by ensuring that all necessary documents are correctly prepared and submitted.

Question 7

What are the compliance requirements for NGOs under FCRA?

Accepted Answer

NGOs with FCRA approval must comply with strict reporting requirements, including annual returns detailing the receipt and utilization of foreign contributions. Non-compliance can result in penalties or cancellation of the FCRA approval.

Question 8

What does an NGO audit involve, and why is it necessary?

Accepted Answer

An NGO audit involves a thorough examination of the organization’s financial records by a qualified Chartered Accountant. It is necessary to ensure transparency, accountability, and compliance with legal requirements, which helps maintain trust with donors and regulatory bodies.

Question 9

Can an NGO apply for multiple certifications simultaneously, like 12A, 80G, and FCRA?

Accepted Answer

Yes, an NGO can apply for multiple certifications simultaneously. However, each certification has its own set of requirements and processes. Legal Corner can assist in managing these applications to ensure a smooth and coordinated process.

Question 10

Why should I choose Legal Corner for managing my NGO’s registrations and compliance?

Accepted Answer

Legal Corner offers expert guidance and comprehensive support for all aspects of NGO compliance, including 12A, 80G, CSR, Niti Aayog, and FCRA registrations, as well as audit services. Our in-depth knowledge of the regulatory landscape ensures that your NGO remains compliant, credible, and financially secure.

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12A, 80G, CSR, Niti Aayog, FCRA, and

NGO Registration: Trust, Society, and Section 8

Charge Creation/ Modification/ Satisfaction

Change in Object of the Company

Change in the Name of Company

Shifting of Registered Office

Conversion of Loan into Equity

Increase in Authorized/Paid Up Share Capital

Strike off / Winding up

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