NGO is a non- government organization that works independently with charitable objective. An NGO works for the betterment of society with a charitable objective. In India it can be started as a Trust, a Society or a Non- Profit Company.
To give NGO a legal status it is important to register it. To run an NGO efficiently it needs to have a bank account under its name. It is mandatory for an NGO to be registered as a Trust, Society or Section 8 Company, in order to open a bank account.
There are separate laws that define the formation of a different type of organization, namely- Trust Registration, Society Registration, and Section 8 Company Registration.
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