A Non Governmental Organization (NGO) is perceived to be an association of persons or a body of individuals. An association of persons with non-profit motive can be registered under any of the following Indian Acts:
- As a Charitable Trust.
- As a Society registered under the Societies Registration Act.
- As a Company licensed under section 25 of the Companies Act.
PROCEDURE OF FORMATION
A resident or non-resident dealer or his agent.
A society, co-operative or otherwise, or institution, association, or club.
A casual trader or even an auctioneer.
An organization, institution, banking or insurance companies, if they are involved in buying, selling, or supplying goods.
A person or organization who disposes any type of goods or products as unclaimed or confiscated, or unserviceable or scrap, surplus, old or antiquated, obsolete or as discarded or rejected material or waste goods or products by way or process of sale.
Persons liable to Pay Taxes
- Any person or body who, for the purposes of or consequential to his involvement in or in connection with his occupation or business, buys or sells goods or products directly or indirectly, whether for cash or for deferred payment or for commission, remuneration or other valuable consideration and includes.
- Any mercantile of other agent, broker, or commission agent.