This document provides an overview of the legal and registration requirements for charities in India. It discusses that there is no single legislation that comprehensively governs the charity sector, and registration is not mandatory in general. It outlines the key definitions and provisions related to charities under the Income Tax Act, Bombay Public Trusts Act, Societies Registration Act, Companies Act, and Foreign Contribution Regulation Act. The document also summarizes the application processes and documentation required for registering a charity under these Acts.
A brief of the legal provisions governing the dowry law applicable in India. The parents, relatives and friends of both bride and groom are liable under the Act
The Criminal Procedure Code, 1973 provides for the provisions for maintenance. The provisions enumerated under the code are explained herein the slides along with the remedies available for maintenance and against maintenance.
The document summarizes key provisions from the Legal Services Authorities Act 1987 and related rules and regulations regarding legal aid in India. Some of the key points covered include:
- The constitution and functions of the National Legal Services Authority, State Legal Services Authorities, and District Legal Services Authorities.
- The criteria for individuals to be eligible for free legal aid services.
- Provisions for Lok Adalats (people's courts), including the establishment of Permanent Lok Adalats to handle public utility cases.
- Regulations regarding the organization and procedures of Lok Adalats, as well as the establishment and functions of legal services clinics.
The document summarizes the key points of the Dowry Prohibition Act of 1961 in India. It begins with defining dowry and explaining its historical context in India. It then outlines the main provisions of the Act, including prohibiting the giving or taking of dowry (Section 3), penalizing demanding dowry (Section 4), making dowry agreements void (Section 5), and requiring dowry be transferred to the woman (Section 6). It also discusses provisions around cognizance of offenses (Section 7) and the burden of proof (Section 8A). The document provides an overview of the Act's goal of prohibiting the harmful dowry system in India.
This document provides contact information for various offices of a law firm called Altacit located in Chennai, Bangalore, Coimbatore, Hyderabad, and Cochin. It then provides information on succession law in India, including an overview of the Indian Succession Act of 1925, testamentary versus intestate succession, applicability to communities, definitions of a will, essential features of a will, persons competent to make a will, the role and appointment of executors, execution of a will including the probate process, and related topics.
The TN Land Reforms (Fixation of Ceiling on land) Act, 1961.pptxRoshiniSundarrasu
The Slide Share is about, The Tamil Nadu Land Reforms (Fixation of ceiling on land) Act, 1961 which will help the Tamil Nadu based Law students to learn Land Laws more efficiently with respect to exam point of view.
The present slides relate to the concept of Succession in the bothe Christian and Parsi law as given under the Indian Succession Act, 1925. Useful for Law students and Professionals.
A brief of the legal provisions governing the dowry law applicable in India. The parents, relatives and friends of both bride and groom are liable under the Act
The Criminal Procedure Code, 1973 provides for the provisions for maintenance. The provisions enumerated under the code are explained herein the slides along with the remedies available for maintenance and against maintenance.
The document summarizes key provisions from the Legal Services Authorities Act 1987 and related rules and regulations regarding legal aid in India. Some of the key points covered include:
- The constitution and functions of the National Legal Services Authority, State Legal Services Authorities, and District Legal Services Authorities.
- The criteria for individuals to be eligible for free legal aid services.
- Provisions for Lok Adalats (people's courts), including the establishment of Permanent Lok Adalats to handle public utility cases.
- Regulations regarding the organization and procedures of Lok Adalats, as well as the establishment and functions of legal services clinics.
The document summarizes the key points of the Dowry Prohibition Act of 1961 in India. It begins with defining dowry and explaining its historical context in India. It then outlines the main provisions of the Act, including prohibiting the giving or taking of dowry (Section 3), penalizing demanding dowry (Section 4), making dowry agreements void (Section 5), and requiring dowry be transferred to the woman (Section 6). It also discusses provisions around cognizance of offenses (Section 7) and the burden of proof (Section 8A). The document provides an overview of the Act's goal of prohibiting the harmful dowry system in India.
This document provides contact information for various offices of a law firm called Altacit located in Chennai, Bangalore, Coimbatore, Hyderabad, and Cochin. It then provides information on succession law in India, including an overview of the Indian Succession Act of 1925, testamentary versus intestate succession, applicability to communities, definitions of a will, essential features of a will, persons competent to make a will, the role and appointment of executors, execution of a will including the probate process, and related topics.
The TN Land Reforms (Fixation of Ceiling on land) Act, 1961.pptxRoshiniSundarrasu
The Slide Share is about, The Tamil Nadu Land Reforms (Fixation of ceiling on land) Act, 1961 which will help the Tamil Nadu based Law students to learn Land Laws more efficiently with respect to exam point of view.
The present slides relate to the concept of Succession in the bothe Christian and Parsi law as given under the Indian Succession Act, 1925. Useful for Law students and Professionals.
The Standing Orders Act, 1946 aims to require employers to define conditions of work, bring uniformity in employment terms, minimize conflicts, and foster good employer-employee relations. It applies to establishments with 100+ workers. Employers must submit draft standing orders to the certifying officer, who certifies them after considering objections. Certified orders can be modified through the certifying officer and become enforceable after 30 days, regulating conduct like attendance, leave, misconduct etc. The Act aims to formalize employment terms and resolve disputes.
The document discusses the establishment and purpose of family courts in India. It notes that family courts were established through the Family Courts Act of 1984 to provide speedy resolution of matrimonial disputes. The Supreme Court has held that states have a duty to establish family courts and provide them necessary infrastructure. Family courts are meant to view disputes not as legal matters but social and therapeutic problems, using a less formal, investigational approach. Their goal is to preserve families and help stabilize marriages, making the adversarial system inappropriate. The jurisdiction and qualifications of family court judges are also outlined.
Trust act 1882, an eleborative articleSehrish Saba
The document discusses the law of trusts in Pakistan according to the Trust Act of 1882. It defines key terms related to trusts such as trustee, beneficiary, trust property. A trust is created when the author of the trust indicates an intention to create a trust, identifies the purpose, beneficiary, trust property, and transfers the property to the trustee. The trustee has duties to accomplish the purpose of the trust, protect the trust property, not set up adverse titles, keep proper accounts. A trust must be for a lawful purpose and have identifiable beneficiaries, property, and purpose. The trustee can be exempted from liability for a predecessor's actions or if a co-beneficiary causes a loss.
The document outlines the procedures and conditions for solemnizing special marriages and registering marriages that were celebrated in other forms under the Special Marriage Act of India. Key points include:
1) Marriages can be solemnized if certain conditions are met, such as neither party having a living spouse, being of sound mind, being within prohibited degrees of relationship, and meeting the minimum age requirements.
2) Parties must provide notice of their intended marriage and this notice is published to allow for any objections.
3) If objections are made, the Marriage Officer will inquire and make a determination on whether the marriage can be solemnized, which can be appealed.
4) Marriages must be solemnized in
This document summarizes the key aspects of the Maternity Benefit Act of 1961 in India and its amendments over time. It discusses how the Act prohibits employment of women during pregnancy and provides maternity benefits. It outlines entitlement to 6 weeks of paid leave before and after delivery. It also summarizes some key court cases related to the application of the Act and highlights its coverage of contractual workers. The document aims to give an overview of the evolution and provisions of the Maternity Benefit Act in India.
The Maternity Benefit Act, 1961 (with latest amendments)Rashi Shukla
Maternity Benefit Act, 1961 is a boon for the working women in the sense that they don’t have job insecurity during their maternity period. This act regulate the employment of women & provide maternity & other benefits to them.
The Trade Union Act 1926 was passed in India to provide for the lawful registration of trade unions and provide certain privileges and protections to registered trade unions. Key aspects of the Act include defining what constitutes a trade union and trade dispute, outlining the process for trade union registration including requirements for leadership structure and financial reporting, and specifying permissible uses of union funds for activities like legal proceedings, trade disputes, welfare benefits, and the establishment of a separate political fund. The Act aimed to strengthen the trade union movement by facilitating greater organization and representation of workers' interests within the legal framework.
The Equal Remuneration Act of 1976 aims to provide equal pay for equal work between men and women. Key objectives include preventing discrimination against women in employment and increasing opportunities for women. The Act applies to all employers across India and mandates equal remuneration for men and women performing the same or similar work. It also prohibits discrimination in recruitment, training, or promotions based on sex. Advisory committees provide recommendations to increase women's employment. Authorities appointed by the government hear complaints and claims regarding violations and direct appropriate actions such as payment of unequal wages.
An organized association of workers in a trade, group of trades, or profession, formed to protect and further their rights and interests. The law relating to the registration and protection of the trade unions is contained in the trade unions act, 1926 which came into force with effect from 1st June 1927.
The document summarizes the key aspects of the Registration Act of 1908 in India. It discusses (1) why the act was introduced - to record certain transactions and prevent fraud, (2) the classification of registrable documents into those requiring compulsory registration and those where registration is optional, (3) the time limits for registration, and (4) the effects of non-registration of documents that are required to be registered.
The document summarizes the key aspects of summary procedure under Order XXXVII of the Code of Civil Procedure, 1908 in India. It explains that (1) summary procedure allows for expedited adjudication of money disputes, (2) it applies to courts designated by the High Court and certain classes of suits related to bills, notes, contracts and guarantees, and (3) it provides a streamlined process where the plaintiff can obtain a quick decree if the defendant does not respond in time or is not granted leave to defend by the court.
ESI Scheme of India, is a multidimensional social security system tailored to provide socio-economic protection to worker population and their dependents covered under the scheme.
This document summarizes the Immoral Traffic (Prevention) Act, which aims to prevent human trafficking and exploitation in India except Jammu and Kashmir. It defines brothels and prostitution. It outlines punishments for managing brothels, living on earnings from prostitution, procuring or inducing persons into prostitution, detaining persons in places of prostitution, and carrying out prostitution near public places. It discusses the roles of special police officers and advisory bodies in enforcing the act, and allows state governments to establish protective homes and corrective institutions.
The Immoral Traffic (prevention) Act, 1956PathroseKRaju
The Immoral Traffic (Prevention) Act was enacted in 1956 and amended in 1978 and 1986 to combat human trafficking and regulate prostitution in India. It punishes trafficking, operating brothels, and living off the earnings of prostitution. The Act aims to rehabilitate and provide welfare for victims, including establishing protective homes. However, it has been criticized for criminalizing women in prostitution while not penalizing clients. Several sections are aimed at "rescue" and rehabilitation of victims but have potential for misuse against consenting adults.
The document discusses the history and provisions of limitation acts in India. It traces the evolution of limitation laws from Roman laws introduced under British rule to the current Limitation Act of 1963. The key objectives of limitation acts are to fix a time limit for filing legal claims and to avoid indefinite uncertainty regarding legal rights and liabilities. The Limitation Act of 1963 consolidated and standardized limitation periods for different types of legal suits, appeals and applications.
LEGAL MATTERS - Appointment of Curators and Administrators - March 2015lize de la harpe
This document discusses the legal options in South Africa for appointing a representative to manage the affairs of someone who lacks mental capacity, including a curator or administrator. It explains that a power of attorney automatically lapses when the principal loses capacity. The options are applying to the court for a curator, which is an expensive process, or applying to the Master for an administrator under the Mental Health Care Act, which is less complicated. The document outlines the processes for appointing each type of representative and their respective powers and duties. It notes other countries allow enduring powers of attorney to address this issue.
The Advocates Act, 1961 is an act to consolidate and amend the law relating to legal practitioners and to provide for the constitution of the Bar Councils and an All-India Bar. It was enacted by the Parliament in the Twelfth Year of the Republic of India.
The Advocates Act,1961 provides for the constitution of two types of councils:
State Bar Council-Section 3
Bar Council of India-Section 4
The Bar Council as well as the State Bar Councils have various functions to perform
This document summarizes key aspects of transfer pricing regulations in India. It discusses the various methods that can be used to determine the arm's length price under section 92C of the Income Tax Act, including the comparable uncontrolled price method, resale price method, cost plus method, profit split method, and transactional net margin method. It also outlines the documentation requirements that must be maintained under section 92D to substantiate transfer prices. Penalties may be levied for failure to maintain such documentation or provide it to tax authorities upon request.
The document defines and provides examples of the legal principle of quantum meruit. Quantum meruit means "as much as deserved" and allows for compensation under certain circumstances when a contract cannot be or has not been fully performed. There are three main circumstances: 1) in cases of breach of contract, the aggrieved party can claim payment for work already done; 2) when a contract is found to be unenforceable, payment can still be claimed for work already performed; 3) there is an implied agreement to pay for services or goods supplied if the benefit has been received. However, there are three limitations - no payment can be claimed if the contract was for a lump sum on completion, if the claimant was in breach of
The Standing Orders Act, 1946 aims to require employers to define conditions of work, bring uniformity in employment terms, minimize conflicts, and foster good employer-employee relations. It applies to establishments with 100+ workers. Employers must submit draft standing orders to the certifying officer, who certifies them after considering objections. Certified orders can be modified through the certifying officer and become enforceable after 30 days, regulating conduct like attendance, leave, misconduct etc. The Act aims to formalize employment terms and resolve disputes.
The document discusses the establishment and purpose of family courts in India. It notes that family courts were established through the Family Courts Act of 1984 to provide speedy resolution of matrimonial disputes. The Supreme Court has held that states have a duty to establish family courts and provide them necessary infrastructure. Family courts are meant to view disputes not as legal matters but social and therapeutic problems, using a less formal, investigational approach. Their goal is to preserve families and help stabilize marriages, making the adversarial system inappropriate. The jurisdiction and qualifications of family court judges are also outlined.
Trust act 1882, an eleborative articleSehrish Saba
The document discusses the law of trusts in Pakistan according to the Trust Act of 1882. It defines key terms related to trusts such as trustee, beneficiary, trust property. A trust is created when the author of the trust indicates an intention to create a trust, identifies the purpose, beneficiary, trust property, and transfers the property to the trustee. The trustee has duties to accomplish the purpose of the trust, protect the trust property, not set up adverse titles, keep proper accounts. A trust must be for a lawful purpose and have identifiable beneficiaries, property, and purpose. The trustee can be exempted from liability for a predecessor's actions or if a co-beneficiary causes a loss.
The document outlines the procedures and conditions for solemnizing special marriages and registering marriages that were celebrated in other forms under the Special Marriage Act of India. Key points include:
1) Marriages can be solemnized if certain conditions are met, such as neither party having a living spouse, being of sound mind, being within prohibited degrees of relationship, and meeting the minimum age requirements.
2) Parties must provide notice of their intended marriage and this notice is published to allow for any objections.
3) If objections are made, the Marriage Officer will inquire and make a determination on whether the marriage can be solemnized, which can be appealed.
4) Marriages must be solemnized in
This document summarizes the key aspects of the Maternity Benefit Act of 1961 in India and its amendments over time. It discusses how the Act prohibits employment of women during pregnancy and provides maternity benefits. It outlines entitlement to 6 weeks of paid leave before and after delivery. It also summarizes some key court cases related to the application of the Act and highlights its coverage of contractual workers. The document aims to give an overview of the evolution and provisions of the Maternity Benefit Act in India.
The Maternity Benefit Act, 1961 (with latest amendments)Rashi Shukla
Maternity Benefit Act, 1961 is a boon for the working women in the sense that they don’t have job insecurity during their maternity period. This act regulate the employment of women & provide maternity & other benefits to them.
The Trade Union Act 1926 was passed in India to provide for the lawful registration of trade unions and provide certain privileges and protections to registered trade unions. Key aspects of the Act include defining what constitutes a trade union and trade dispute, outlining the process for trade union registration including requirements for leadership structure and financial reporting, and specifying permissible uses of union funds for activities like legal proceedings, trade disputes, welfare benefits, and the establishment of a separate political fund. The Act aimed to strengthen the trade union movement by facilitating greater organization and representation of workers' interests within the legal framework.
The Equal Remuneration Act of 1976 aims to provide equal pay for equal work between men and women. Key objectives include preventing discrimination against women in employment and increasing opportunities for women. The Act applies to all employers across India and mandates equal remuneration for men and women performing the same or similar work. It also prohibits discrimination in recruitment, training, or promotions based on sex. Advisory committees provide recommendations to increase women's employment. Authorities appointed by the government hear complaints and claims regarding violations and direct appropriate actions such as payment of unequal wages.
An organized association of workers in a trade, group of trades, or profession, formed to protect and further their rights and interests. The law relating to the registration and protection of the trade unions is contained in the trade unions act, 1926 which came into force with effect from 1st June 1927.
The document summarizes the key aspects of the Registration Act of 1908 in India. It discusses (1) why the act was introduced - to record certain transactions and prevent fraud, (2) the classification of registrable documents into those requiring compulsory registration and those where registration is optional, (3) the time limits for registration, and (4) the effects of non-registration of documents that are required to be registered.
The document summarizes the key aspects of summary procedure under Order XXXVII of the Code of Civil Procedure, 1908 in India. It explains that (1) summary procedure allows for expedited adjudication of money disputes, (2) it applies to courts designated by the High Court and certain classes of suits related to bills, notes, contracts and guarantees, and (3) it provides a streamlined process where the plaintiff can obtain a quick decree if the defendant does not respond in time or is not granted leave to defend by the court.
ESI Scheme of India, is a multidimensional social security system tailored to provide socio-economic protection to worker population and their dependents covered under the scheme.
This document summarizes the Immoral Traffic (Prevention) Act, which aims to prevent human trafficking and exploitation in India except Jammu and Kashmir. It defines brothels and prostitution. It outlines punishments for managing brothels, living on earnings from prostitution, procuring or inducing persons into prostitution, detaining persons in places of prostitution, and carrying out prostitution near public places. It discusses the roles of special police officers and advisory bodies in enforcing the act, and allows state governments to establish protective homes and corrective institutions.
The Immoral Traffic (prevention) Act, 1956PathroseKRaju
The Immoral Traffic (Prevention) Act was enacted in 1956 and amended in 1978 and 1986 to combat human trafficking and regulate prostitution in India. It punishes trafficking, operating brothels, and living off the earnings of prostitution. The Act aims to rehabilitate and provide welfare for victims, including establishing protective homes. However, it has been criticized for criminalizing women in prostitution while not penalizing clients. Several sections are aimed at "rescue" and rehabilitation of victims but have potential for misuse against consenting adults.
The document discusses the history and provisions of limitation acts in India. It traces the evolution of limitation laws from Roman laws introduced under British rule to the current Limitation Act of 1963. The key objectives of limitation acts are to fix a time limit for filing legal claims and to avoid indefinite uncertainty regarding legal rights and liabilities. The Limitation Act of 1963 consolidated and standardized limitation periods for different types of legal suits, appeals and applications.
LEGAL MATTERS - Appointment of Curators and Administrators - March 2015lize de la harpe
This document discusses the legal options in South Africa for appointing a representative to manage the affairs of someone who lacks mental capacity, including a curator or administrator. It explains that a power of attorney automatically lapses when the principal loses capacity. The options are applying to the court for a curator, which is an expensive process, or applying to the Master for an administrator under the Mental Health Care Act, which is less complicated. The document outlines the processes for appointing each type of representative and their respective powers and duties. It notes other countries allow enduring powers of attorney to address this issue.
The Advocates Act, 1961 is an act to consolidate and amend the law relating to legal practitioners and to provide for the constitution of the Bar Councils and an All-India Bar. It was enacted by the Parliament in the Twelfth Year of the Republic of India.
The Advocates Act,1961 provides for the constitution of two types of councils:
State Bar Council-Section 3
Bar Council of India-Section 4
The Bar Council as well as the State Bar Councils have various functions to perform
This document summarizes key aspects of transfer pricing regulations in India. It discusses the various methods that can be used to determine the arm's length price under section 92C of the Income Tax Act, including the comparable uncontrolled price method, resale price method, cost plus method, profit split method, and transactional net margin method. It also outlines the documentation requirements that must be maintained under section 92D to substantiate transfer prices. Penalties may be levied for failure to maintain such documentation or provide it to tax authorities upon request.
The document defines and provides examples of the legal principle of quantum meruit. Quantum meruit means "as much as deserved" and allows for compensation under certain circumstances when a contract cannot be or has not been fully performed. There are three main circumstances: 1) in cases of breach of contract, the aggrieved party can claim payment for work already done; 2) when a contract is found to be unenforceable, payment can still be claimed for work already performed; 3) there is an implied agreement to pay for services or goods supplied if the benefit has been received. However, there are three limitations - no payment can be claimed if the contract was for a lump sum on completion, if the claimant was in breach of
This document provides an overview of transfer pricing and the related legal framework in India. It discusses how transfer pricing regulations were introduced to address profit shifting among multinational enterprises. The objectives of the regulations are to compute taxable income based on the arm's length principle outlined in the OECD guidelines. The legal framework draws from Article 9 of the OECD Model Tax Convention and Sections 92-92F of the Indian Income Tax Act. Key concepts covered include associated enterprises, international transactions, appropriate transfer pricing methods, and documentation requirements.
STATUTORY OBLIGATIONS & COMPLIANCE OF A CO OPERATIVE SOCIETYABC
1. A cooperative society must hold a general body meeting within 180 days of the fiscal year end to approve activities, elections, audit reports, and profits. The committee is bound by decisions at this meeting.
2. Each year within 30 days of the annual general body meeting, the committee must file returns regarding constitution, business, and other matters to the Registrar.
3. All cooperative societies must hold elections on the date of the annual general body meeting.
This document provides an introduction to cooperative auditing. It discusses that an audit involves the systematic examination of a client's internal controls, accounting records, financial statements, management performance, and other legal documents. The objectives are to enable the expression of an opinion on the fairness of financial statements according to accounting standards and to identify opportunities for risk mitigation and improvement. An audit should be conducted periodically by competent persons not directly responsible for the entity being audited. It aims to assess risks and help management rather than find fault. The document outlines the scope of a financial audit and the aspects of governance, risk management, financing, marketing, production, personnel, and accounting that a value-added audit should evaluate.
Statutory compliances for companies in Indiakborah
The document discusses different types of business entities including sole proprietorships, partnerships, and companies. It explains the key characteristics of each structure such as liability, ease of setup, funding options, and legal compliance requirements. The document also covers common post-incorporation requirements for companies such as obtaining tax registrations, creating budgets and managing payroll.
The Societies Registration Act 1860 establishes the process for seven or more persons to form a society by filing a Memorandum of Association with the Registrar of Societies. Societies can be registered for charitable, literary, scientific, or other purposes. Once registered, societies must file annual lists of governing members and obtain approval for any alterations, extensions of purpose, amalgamations, or dissolutions. The Tamil Nadu Societies Registration Act 1975 provides additional requirements for societies in Tamil Nadu, such as a minimum of 20 members and Rs. 10,000 minimum annual income/expenditure. Societies must file documents with the district registrar and maintain proper accounts.
The document discusses the Foreign Contribution Regulation Act of 2010 in India. Some key points:
- The Act regulates the acceptance and use of foreign contributions or hospitality by certain individuals, associations, and companies in India.
- Eligible entities like trusts, societies, and Section 8 companies can apply for registration under FCRA to legally receive foreign funds.
- Contributions must be received only in a designated bank account and separate accounts must be maintained for foreign funds.
- Registered entities must file annual reports with details of foreign receipts and expenditures and are prohibited from mixing foreign and local funds.
The document provides an overview of the Foreign Contribution (Regulation) Act (FCRA) in India. The key points are:
1. The FCRA regulates acceptance of foreign donations by organizations in India and is administered by the Ministry of Home Affairs. Organizations must register under the FCRA to accept foreign contributions.
2. To register, an organization must have cultural, social, educational, religious or economic objectives. It must open a designated bank account and agree to only use that account for foreign funds.
3. Foreign contributions include donations of currency, goods, or securities from foreign sources such as foreign governments, companies, or individuals. Registered organizations must submit annual reports on foreign
NGO Registration Methods in India outlines three common methods for registering non-profit organizations: trusts, societies, and non-profit companies under Section 25. Trusts are governed by state Trust Acts and require a trust deed. Societies register under the Societies Registration Act of 1860 with a memorandum and rules. Section 25 companies register with the Registrar of Companies and require a memorandum and articles of association. Both societies and Section 25 companies have minimum member requirements while trusts require minimum trustees but have no upper limits.
Nuances of FCRA | Registration & ComplianceSuhel Goel
A presentation made to comprehend the compliances applicable to NGOs under the Foreign Contribution (Regulation) Act, 2010 {FCRA} and the nuances to be considered.
To know the need for registration of trust under the Income Tax Act, 1961. To understand the procedure for registration of trust and to analyse Form 10A (Application for registration). To know the procedure for 80G registration by trusts and to analyse Form 10G (Application for grant of Approval under 80G). Further, the webinar shall touch upon caveats to be kept in mind while filing the Forms.
In the attached handbook, we have included major legal compliance applicable on NGOs in India under Income Tax Act, Foreign Contribution Regulation Act, Payment of Gratuity Act, Provident Fund & Misc Provisions Act. #ngos #Taxation #Compliances #SNR #krestonsnr
The document summarizes the amended memorandum of association for Edara-e-Fatima Foundation, a nonprofit organization registered under the Societies Registration Act of 1860 in Pakistan. The foundation's vision is for a just society where all citizens enjoy equal rights and opportunities. Its mission is to empower deprived communities through education, healthcare, disaster relief, and other programs. It conducts various social, educational, and advocacy activities to promote human rights, democracy, community development, and women's empowerment. The foundation also aims to generate income through business partnerships to fund its welfare activities.
This document discusses non-governmental organizations (NGOs) and section 80G of the Indian Income Tax Act, which allows for tax exemptions on donations made to certain NGOs. It provides information on the requirements for NGOs to register and receive an 80G exemption certificate, including maintaining proper accounts, having charitable objectives, and not engaging in religious or caste-based activities. The application process and required documents are also outlined.
This document provides an overview of the legal provisions around the assessment of trusts under the Income Tax Act of 1961. It discusses what constitutes a charitable or religious purpose, the sections related to non-chargeability to tax (Section 11) and registration (Section 12). Section 11 allows trusts to apply their income towards charitable purposes without being taxed, as long as certain conditions are met. Section 12 requires trusts to register in order to receive the benefits under Section 11. Section 13 deals with the withdrawal of these benefits if certain prohibited activities are carried out. The document outlines the specific conditions that must be met regarding the application and accumulation of income, and prohibited activities that could lead to the withdrawal of tax benefits.
Receipt of donation vs. FCRA Namrata Dedhia 20150110Namrata Dedhia
This document summarizes the key aspects of the Foreign Contribution Regulation Act (FCRA) in India. It discusses who and what activities the FCRA applies to, how foreign contribution and hospitality are defined, the process for obtaining registration or prior permission to receive foreign funds, and the compliance requirements for organizations receiving foreign contributions including audit and annual reporting. It also presents a case study of an Indian company raising funds online from foreign donors to distribute to NGOs and whether this activity would be subject to FCRA regulations.
assessment of charitable institutions.pdftullaram1
The document provides information on the tax treatment and filing requirements for charitable trusts and institutions in India.
It states that if a charitable trust or institution's income does not exceed Rs. 250,000, no income tax is payable and filing a return is optional. If income exceeds this, filing a return is mandatory and tax is due. Sections 11 and 12 provide tax exemptions for trusts registered under section 12A if they apply 85% of income to charitable purposes.
The document also discusses what constitutes a charitable purpose, rules around accumulating income for future charitable use, and maintains of separate accounts for commercial activities. It provides two case studies on the correct filing of returns by a charitable company and society.
A Presentation introducing the various ways of setting up an NGO, explicating the compliances and reporting under various acts along with their timelines. It also elucidates the recent amendments in the Foreign Contribution ( Regulation) Act, 2010 along, discusses the Finance Bill 2017 and Lokpal and Lokayuktas Act along with establishing an enhanced accounting and taxation outlook for the not for profit sector.
Section 35AC can be used as an effective tool of fund raising by NGO’s. It also beneficial to donor as they receive 100% rebate of income tax on the donated amount which makes a win-win situation for both.The objective of Section 35 AC is to encourage business organizations to contribute more in social and economic welfare and upliftment of general public. With the increased emphasis on the corporate social responsibility in the corporate sector and ostentatious display of charity by people like Bill Gates and Warren Buffet, the contribution in the monetary term by the corporate sector in India towards socially relevant project cannot be undermined.
This document provides an overview of how trusts are assessed for income tax purposes in India. It discusses the definition of charitable and religious purposes, the sections of the Income Tax Act that are applicable to trusts (sections 11-13), and what is not applicable. It outlines the scheme of section 11 regarding assessment of trusts, including the conditions for income to be exempt from tax, accumulation of income rules, and situations that could lead to withdrawal of tax benefits. It provides details on eligible institutions, specific cases where benefits may be provided to specified persons, and how tax is charged.
This document provides information about an NGO conference being held in Aurangabad in 2023. It discusses the registration process for new NGOs and the requirements for various certifications including 12A registration with the Income Tax Department to obtain tax exemptions, 80G registration to allow donors tax deductions, and CSR-1 registration to receive CSR funding. It also outlines appropriate aims and objectives for NGOs in areas like education, health, agriculture, sports, and supporting minority communities. World Charity Day on September 5th is briefly described, commemorating Mother Teresa who received the Nobel Peace Prize for her work helping the poor and destitute in India. Contact details are provided for an NGO consultancy in Parb
Similar to Charitable trusts compliances & requirements-CA Namrata Dedhia-18042015 (20)
Defending Weapons Offence Charges: Role of Mississauga Criminal Defence LawyersHarpreetSaini48
Discover how Mississauga criminal defence lawyers defend clients facing weapon offence charges with expert legal guidance and courtroom representation.
To know more visit: https://www.saini-law.com/
सुप्रीम कोर्ट ने यह भी माना था कि मजिस्ट्रेट का यह कर्तव्य है कि वह सुनिश्चित करे कि अधिकारी पीएमएलए के तहत निर्धारित प्रक्रिया के साथ-साथ संवैधानिक सुरक्षा उपायों का भी उचित रूप से पालन करें।
Synopsis On Annual General Meeting/Extra Ordinary General Meeting With Ordinary And Special Businesses And Ordinary And Special Resolutions with Companies (Postal Ballot) Regulations, 2018
Lifting the Corporate Veil. Power Point Presentationseri bangash
"Lifting the Corporate Veil" is a legal concept that refers to the judicial act of disregarding the separate legal personality of a corporation or limited liability company (LLC). Normally, a corporation is considered a legal entity separate from its shareholders or members, meaning that the personal assets of shareholders or members are protected from the liabilities of the corporation. However, there are certain situations where courts may decide to "pierce" or "lift" the corporate veil, holding shareholders or members personally liable for the debts or actions of the corporation.
Here are some common scenarios in which courts might lift the corporate veil:
Fraud or Illegality: If shareholders or members use the corporate structure to perpetrate fraud, evade legal obligations, or engage in illegal activities, courts may disregard the corporate entity and hold those individuals personally liable.
Undercapitalization: If a corporation is formed with insufficient capital to conduct its intended business and meet its foreseeable liabilities, and this lack of capitalization results in harm to creditors or other parties, courts may lift the corporate veil to hold shareholders or members liable.
Failure to Observe Corporate Formalities: Corporations and LLCs are required to observe certain formalities, such as holding regular meetings, maintaining separate financial records, and avoiding commingling of personal and corporate assets. If these formalities are not observed and the corporate structure is used as a mere façade, courts may disregard the corporate entity.
Alter Ego: If there is such a unity of interest and ownership between the corporation and its shareholders or members that the separate personalities of the corporation and the individuals no longer exist, courts may treat the corporation as the alter ego of its owners and hold them personally liable.
Group Enterprises: In some cases, where multiple corporations are closely related or form part of a single economic unit, courts may pierce the corporate veil to achieve equity, particularly if one corporation's actions harm creditors or other stakeholders and the corporate structure is being used to shield culpable parties from liability.
What are the common challenges faced by women lawyers working in the legal pr...lawyersonia
The legal profession, which has historically been male-dominated, has experienced a significant increase in the number of women entering the field over the past few decades. Despite this progress, women lawyers continue to encounter various challenges as they strive for top positions.
Sangyun Lee, 'Why Korea's Merger Control Occasionally Fails: A Public Choice ...Sangyun Lee
Presentation slides for a session held on June 4, 2024, at Kyoto University. This presentation is based on the presenter’s recent paper, coauthored with Hwang Lee, Professor, Korea University, with the same title, published in the Journal of Business Administration & Law, Volume 34, No. 2 (April 2024). The paper, written in Korean, is available at <https://shorturl.at/GCWcI>.
Business law for the students of undergraduate level. The presentation contains the summary of all the chapters under the syllabus of State University, Contract Act, Sale of Goods Act, Negotiable Instrument Act, Partnership Act, Limited Liability Act, Consumer Protection Act.
4. No single legislation to comprehensively governs the sector and
similarly no single regulator exists in India,
Subject of concurrent list => Different legal provisions at national
and state level,
Distinction of caste, colour and creed not permitted in formation of a
charity,
In general, formal registration not mandatory.
18th April 2015HDS & Co. Chartered Accountants 4
5. Section 2(15) of IT Act –
“charitable purpose" includes relief of the poor, education, medical relief,
preservation of environment (including watersheds, forests and wildlife)
and preservation of monuments or places or objects of artistic or historic
interest, and the advancement of any other object of general public utility:
Provided that the advancement of any other object of general public utility
shall not be a charitable purpose, if it involves the carrying on of any
activity in the nature of trade, commerce or business, or any activity of
rendering any service in relation to any trade, commerce or business, for a
cess or fee or any other consideration, irrespective of the nature of use or
application, or retention, of the income from such activity:
Provided further that the first proviso shall not apply if the aggregate
value of the receipts from the activities referred to therein is twenty-five
lakh rupees* or less in the previous year;
18th April 2015HDS & Co. Chartered Accountants 5
6. Section 9(1) of the Bombay Public Trusts Act, 1950
charitable purpose includes:
1) relief of poverty or distress,
2) education
3) medical relief
3A) provision of facilities for recreation or other leisure time occupation
(including assistance for such provision), if the facilities are provided in the
interest of social welfare and public benefit, and
4) the advancement of any other object of general public utility, but does
not include a purpose which relates exclusively to religious teaching or
worship.
18th April 2015HDS & Co. Chartered Accountants 6
7. Section 9(2) of the Bombay Public Trusts Act, 1950
Facilities will be considered to be provided in the interest of social welfare
if –
a) The facilities are provided with the object of improving the conditions
of life for the persons for whom the facilities are primarily intended, and
b) either those persons have need of such facilities as aforesaid by reason
of their youth, age, infirmity or disablement, poverty or social and
economic circumstances, or the facilities are to be available to the members of
the public at large
Section 9(3) of the Bombay Public Trusts Act, 1950
provision of facilities at village halls, community centres and women
institutes, and provision and maintenance of grounds and buildings to be
used for purposes of recreation and leisure time occupation
18th April 2015HDS & Co. Chartered Accountants 7
8. Section 20 of Societies Registration Act, 1860 –
Charitable societies,
Military orphan funds,
Societies established for the promotion of science, literature, or the fine
arts,
For instruction, the diffusion of useful knowledge, the diffusion of political
education,
For the foundation or maintenance of libraries or reading rooms for general
use among the members or open to the public, or public museums and
galleries of paintings and other works of art, collections of natural history,
mechanical and philosophical inventions, instruments, or designs.
18th April 2015HDS & Co. Chartered Accountants 8
9. Section 8 of Companies Act, 2013 –
Company having in its objects the promotion of commerce, art, science,
sports, education, research, social welfare, religion, charity, protection of
environment or any such other object;
intending to apply its profits, if any, or other income in promoting its
objects; and
intending to prohibit the payment of any dividend to its members.
FCRA, 2010 –
A person having definite cultural, economic, educational, religious or social
programme can receive FC only after obtaining certificate of registration or
prior permission from the Ministry of Home Affairs.
18th April 2015HDS & Co. Chartered Accountants 9
10. Indian Trusts Act, 1882
Bombay Public Trusts Act, 1950
Societies Registration Act, 1860
Companies Act, 2013
Income Tax Act, 1961
Foreign Contribution Regulation Act, 2010
18th April 2015HDS & Co. Chartered Accountants 10
12. Application u/s. 18 in Schedule II giving details of –
Proposed name of the trust,
Name of the trustees and managers with their addresses,
Mode of succession to trusteeship and managership,
Objects of the trust,
Details of documents creating the trust along with copies,
Details of scheme relating to trust, along with copies,
List of movable property with estimated value of each class of such
property,
Details and estimated value of immovable property along with complete
identification with certified copies of entries in the records of city
survey record or municipal record relating to the properties
18th April 2015HDS & Co. Chartered Accountants 12
13. Sources of income of trust
Average gross annual income
Average annual expenditure
Amount of average annual expenditure on remuneration to trustees and
managers, establishment and staff, religious object, charitable object,
and miscellaneous items
Particulars of encumbrances on trust property
Particulars of title deeds pertaining to trust - property and the names of
trustees in possession thereof
Communication address of trustee
Affidavit by trustees making the application
Consent letter signed by other trustees
18th April 2015HDS & Co. Chartered Accountants 13
14. Court-fee stamp of Rs.100 to be affixed on application
Application fees to be paid ranging from Rs. 3 to Rs. 25. depending
on the value of the property
Application to be made to the jurisdictional Regional Deputy or
Asst. Charity Commissioner within 3 months of creation of trust
Formal hearing is conducted for verification of details and thereafter
the certificate of registration is issued
Within 3 months of creation of trust, file memorandum in Form IIA
containing details of immovable property to the jurisdictional Sub-
registrar under the Indian Registration Act.
18th April 2015HDS & Co. Chartered Accountants 14
15. Application u/s. 12A in Form No 10A along with –
Original copy or certified copy of trust deed, with one copy thereof.
If the trust/institution is created otherwise than under an instrument,
documents evidencing the creation of trust/institution, with one copy
thereof,
Where the trust/institution has been in existence during any year(s) prior to
financial year in which application, two copies of accounts of
trust/institution relating to prior year or years (maximum 3 years
immediately preceding the year in which application is made)
Application to be made to Principal Commissioner or
Commissioner, who will pass the order accepting or rejecting the
application within 6 months from end of the month in which
application is made.
18th April 2015HDS & Co. Chartered Accountants 15
16. Points to considered when making an application –
there should be a legally existent entity, which can be registered;
it should have a written instrument of its creation or written document
evidencing its creation;
all its objects should be charitable or religious in nature;
its income and assets should be made applicable towards objects only,
mentioned in the object clauses, and Rules and Regulations;
no part of its income should be distributable or distributed, directly or
indirectly, to its members, directors or founders, related persons or relatives
etc. claiming through them; and
in case of dissolution, its net assets after meeting all its liabilities, should
not be revertible or reverted to its founder, members, directors or donors
etc., but used for the objects
18th April 2015HDS & Co. Chartered Accountants 16
17. Application for 80G to be made in Form 10G along with -
Copy of registration granted under section 12A or copy of notification
issued under section 10(23) or 10(23C);
Note on activities of institution or fund since its inception or during the
last three years, whichever is less
Copies of accounts of the institution or fund since its inception or during
the last three years, whichever is less.
Application has to be made in triplicate
Within 6 months from date of application, commissioner shall either
accept the application and grant a certificate specifying the year or
years for which it is valid or reject the application after giving an
opportunity to be heard and recording reasons in writing.
18th April 2015HDS & Co. Chartered Accountants 17
18. An Application in Form FC-3 required to be submitted online to the
Foreigners Division of Ministry of Home Affairs.
Hard copy of the same, duly signed, to be submitted within 30 days
of online application alongwith –
Certified copy of registration certificate or Trust deed, as the case may be;
Details of activities during the last three years;
Copies of audited statement of accounts for the past three years (Asset and
Liabilities, Receipt and Payment, Income and Expenditure);
Copy of PAN
Fees of Rs. 2,000/-
If the application is incomplete, it will be rejected.
18th April 2015HDS & Co. Chartered Accountants 18
19. If the specified conditions are satisfied, the registration certificate or
prior permission is to be granted within 90 days from date of receipt
of application
In case the certificate or permission is not granted within 90 days,
the same shall be communicated along with reasons to the applicant.
Normally, registration is granted to persons existing for three years
or more, with at least Rs. 10 lakhs of spendings on its purposes
during the three years.
Registration certificate is valid for 5 years, after which it must be
renewed by making application in Form FC-5
18th April 2015HDS & Co. Chartered Accountants 19
20. Specified conditions include –
The applicant should not be
Fictitious or benami,
Prosecuted or convicted for conversion from one religion to another, or for
creating communal tension or disharmony,
Found guilty of misutilisation of funds,
Engaged in propogation of sedition,
Likely to use FC for personal gains,
In contravention of any provisions of FCRA
The applicant should have undertaken reasonable activity in the chosen
field or should have prepared a reasonable project for the benefit of the
society,
18th April 2015HDS & Co. Chartered Accountants 20
21. In case of an individual, the individual, or in case of any other person,
its directors or office bearers, should not have been convicted under any
law or any prosecution for any offence should not be pending against
them,
Acceptance of FC should not be likely to affect prejudicially –
The sovereignty and integrity of India,
Security, strategic, scientific or economic interest of India,
Public Interest,
Freedom or fairness of any election,
Friendly relation with any foreign state,
Harmony between various castes or communities,
Acceptance of FC should not lead to incitement of an offence or
endanger the life or physical safety of any person.
18th April 2015HDS & Co. Chartered Accountants 21
22. Application for prior permission to be made online in Form FC-4 –
Hard copy of the same, duly signed, to be submitted within 30 days
of online application alongwith –
Certified copy of registration certificate or Trust deed
Commitment letter from foreign donor specifying the amount of foreign
contribution
Copy of the project report for which foreign contribution is solicited/ being
offered
Copy of the PAN
Fees of Rs. 1,000/-
Each Prior permission application should be for receiving a specific
amount, for a specific purpose and from a specific donor.
18th April 2015HDS & Co. Chartered Accountants 22
24. Intimate details of any changes to Charity commissioner within 90
days of change –
In Schedule IIIA where the change relates to immoveable property,
In Schedule III in all other cases
Prior permission of Charity commissioner required in case of –
Further investment in immoveable property, and
sale, exchange, gift of any immovable property, lease exceeding a
period of 3 years in case of non-agricultural land/building, lease
exceeding 10 years in case of agricultural land
Prior permission of Charity commissioner required for lending
moneys to the trustee.
18th April 2015HDS & Co. Chartered Accountants 24
25. Contribution payable to Public Trust administration Fund @ 2% of
gross annual income less deductions prescribed u/r. 32
Gross annual income excludes corpus donations
Prescribed deductions –
Donations received from other public trusts and dharmadas
Grants received from government & local authorities
Interest on sinking and depreciation fund
Amount spent for secular education/or medical relief/veterinary treatment
of animals
Expenditure incurred from donations for relief of distress caused by natural
Calamity
Deduction of land revenue, rent payable to landlord, cost of production out
of income from land used for agricultural purpose
18th April 2015HDS & Co. Chartered Accountants 25
26. Deductions of municipal taxes, ground rent, cesses, insurance premia,
repairs @10% of gross rent of let out buildings out of income from land
used for non agricultural purposes
Cost of collection of income or receipts from securities, stock etc. @1% of
such income
Deduction in respect of repairs of building (yielding no income) @10% of
estimated gross annual rent.
Trusts exempt from payment of contribution –
Public trusts having gross annual income of Rs. 25000 or less.
Public trusts exclusively for advancement/propagation of secular education/
medical relief/veterinary treatment.
Recognized public libraries and reading rooms.
Trusts exclusively for purpose of relief of distress caused by natural calamity.
18th April 2015HDS & Co. Chartered Accountants 26
27. Budgets to be prepared in Schedule VIIA and submitted to the
Charity Commissioner one month before the commencement of the
accounting year –
In case of public religious trust, if annual income exceeds Rs. 5,000,
In case of other trusts, if annual income exceeds Rs. 10,000
Accounts to be maintained and Balance sheet to be prepared in
Schedule VIII and Income and Expenditure Account in Schedule IX
Accounts to balance on 31st March every year
Trust having annual income exceeding Rs. 15,000 has to get
accounts audited.
18th April 2015HDS & Co. Chartered Accountants 27
28. Audit should be completed within 6 months of close of accounting
year and filed with Charity Commissioner within a fortnight of the
audit.
Trusts exempt from audit must file details of income in Schedule IX-
A and Details of expenditure in Schedule IX-B within 3 months of
close of accounting year.
18th April 2015HDS & Co. Chartered Accountants 28
29. FC received should be deposited only in the designated FC bank
account.
Association should keep record of all FC clearly indicating the
names of donors, their locations and the purpose for which it has
been received.
FC can be treated as Corpus donation only if it is supported by
written consent of the donor.
Donation received through donation box should be treated as FC if it
has been received in foreign currency.
10th January 2015HDS & Co. Chartered Accountants
30. FC should be utilized for the purpose it has been received.
Not more than 50% of the FC received should be utilized for
administrative expenses, except with the prior approval of the
Central Government.
It cannot be invested in speculative business. However, it can be
invested in Bank/ Govt approved financial institutions which
guarantee a fixed return.
Every asset purchased should be in the name of association
Interest earned on FC should also be utilized towards its activities/
projects.
10th January 2015HDS & Co. Chartered Accountants
31. FC cannot be transferred to any person who have not obtained
registration or prior permission.
However, upto 10% of the total FC received in a financial year, may
be transferred to any person who has not been granted registration or
prior permission, only after obtaining the permission of the Central
Government.
Such an approval is not required if payment is made to Self Help
Groups or individuals for whose benefit the amount is received or if
FC received is for providing direct financial assistance as charity.
For extending loans to Self Help Groups, approval of the
Government is required.
10th January 2015HDS & Co. Chartered Accountants
32. Associations are required to maintain a separate set of account or
records exclusively for the FC received and utilized.
Any standard or acceptable method of accounting can be used for
maintaining books of account for FCRA purposes
All accounting statements, annual return and statement of account
from the bank of the designated FC account should be preserved at
least for a period of six years.
Associations should maintain separate register of investments and
every register of investment must be submitted for audit.
10th January 2015HDS & Co. Chartered Accountants
33. Interest on FC should be shown as a secondary FC received in the
year in which it is earned.
Proper accounts should be maintained to show apportionment of
expenditure between local funds and FC.
A foreign security is not a permissible investment under the IT Act
and should be liquidates and converted into funds or assets.
Association receiving FC in excess of Rs. One Crore in a financial
year are required to place the summary data on receipts and
utilization of the FC for the year of receipt as well as for one year
thereafter in the public domain.
10th January 2015HDS & Co. Chartered Accountants
34. The association should submit annual report in Form FC-6
accompanied by Audited Statement of Accounts for every financial
year within nine months of the end of the financial year
The report should be duly certified by a Chartered Accountant.
Form FC-6 should be accompanied with a copy of duly certified
statement of FC account from the bank
Filing of report is a must even if no FC has been received during a
financial year.
10th January 2015HDS & Co. Chartered Accountants