NPO or NGO or NCO

presentation on Non-profit organisation

1. Presentation on Non- Profit Organization Outcome of study is:- Introduction Meaning & definition Objective & goals function Submitted by:- Nature ANAND KUMAR MISHRA Scope MBA 4 th Sem Roll No-4 Registration of NPO

2. 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.

3. 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.

4. 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 a n  incorporated  organization which exists for educational or charitable reasons, and from which its  shareholders  or  trustees  do not  benefit   financially . 

5. Aim to improve society Bettering the communities they serve Creates changes Provide sustainable development Contribution in national income Provide benefits & services to general public Objective & goal:-

6. Function:- Economic activity Supervision 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.

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

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

9. In India The NPOs are commonly known as NGOs They can be registered in four ways:- Trust Society Section-25companys Special Licensing

10. 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, 1961 Public Trusts Acts of various states Societies Registration Act, 1860 Section 25 of the Indian Companies Act, 1956 Foreign Contribution (Regulation) Act, 1976

11. Thanks