Presentation on Non- Profit Organization

Outcome of study is:Introduction Meaning & definition Objective & goals function Nature Scope Registration of NPO

Submitted by:ANAND KUMAR MISHRA MBA 4th Sem Roll No-4

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.

Objective & goal:a ) AIM TO IMPROVE SOCIETY

b ) BETTERING THE COMMUNITIES

THEY SERVE c ) CREATES CHANGES d ) PROVIDE SUSTAINABLE DEVELOPMENT e ) CONTRIBUTION IN NATIONAL INCOME f ) PROVIDE BENEFITS & SERVICES TO GENERAL PUBLIC

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.

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.

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

In India The NPOs are commonly known as NGOs They can be registered in four ways:1) Trust

2) 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, 1961 Public Trusts Acts of various states Societies Registration Act, 1860 Section 25 of the Indian Companies Act, 1956 Foreign Contribution (Regulation) Act, 1976