TYPES OF ORGANIZATIONS
- Trusts Public charitable trusts can be established for a number of purposes, including the relief of poverty, education, medical relief, provision of facilities for recreation, and any other object of general public utility. Indian public trusts are generally irrevocable. In Maharashtra Trusts are registered under the Bombay Public Trusts Act, 1950
- Societies Societies are membership organizations that may be registered for charitable purposes. Societies are usually managed by a governing council or a managing committee. Societies are governed by the Societies Registration Act, 1860, which has been adapted by various states. Unlike trusts, societies may be dissolved.
- Section 8 Companies
A section 8 company is a company with limited liability that may be formed for “promoting commerce, art, science, religion, charity or any other useful object,” provided that no profits, if any, or other income derived through promoting the company’s objects may be distributed in any form to its members.