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What Is The Basic Concept of NGO?
The Non-Government Organization (NGO) is a type of corporate entity which is a non-profitable or in other words a charitable organization. These NGOs work for the development and welfare of the society and not in the personal interest of the founder of the organization. These organizations can be registered in any of the following schemes in India:
The reason behind establishing any NGO is the betterment and upliftment of society from the one social cause which is not letting the society develop and grow with the current world of globalization and modernization. They work for non-profitable objectives that could be related to art, culture, trade, education, religion, environment protection, sports or any welfare program of society. The point to keep in mind is that even if any profit is generated from the organization even that is put for the welfare cause and not in personal interest. The registration of a corporate entity requires a minimum number of two directors in case of private limited and minimum of three for public limited companies. Avail the Advantages of NGO Registration
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