The Societies Registration Act, 1860 is a legislation enacted to provide a legal framework for the registration of entities that serve the public interest. First introduced in British India on May 21, 1860, the Act was designed to improve the legal standing of organizations promoting literature, SR. No Advantage of Partnership Disadvantage of Partnership 1. Easy to Established: Fewer formalities and lower startup costs compared to corporations. Unlimited Liability: In a general partnership, each partner is personally liable for business debts and obligations. 2. Shared Responsibility: Partners can divide responsibilities based on skills and expertise, making management more efficient. Potential for Conflict: Disagreements between partners can arise, especially if roles and expectations are not clearly defined. 3. More Capital Available: Combining resources of multiple partners can lead to more funding for the business Profit Sharing: Profits must be shared, regardless of individual effort or input. 4. Combined Knowledge & Skills: Access to a broader range of ideas, perspectives, and experience Lack of Continuity: The partnership may dissolve if one partner withdraws, dies, or becomes incapacitated (unless otherwise agreed). 5. Tax Benefits: Partnerships often benefit from “pass-through” taxation, avoiding corporate taxes Decision-Making Issues: Important decisions may require consensus, potentially slowing down operations. 6. Flexibility: Fewer government regulations and more freedom in decision-making and structuring the business Limited Capital Raising Options: Compared to corporations, partnerships may find it harder to attract investors. science, fine arts, or engaged in charitable and social causes. It enables such entities to register as societies, granting them legal recognition and structure.

A Non-Governmental Organization (NGO) is an entity that operates independently of government control, typically functioning as a non-profit and working to address social, cultural, environmental, or political issues. NGOs may also be referred to as civil society organizations and can operate at local, national, or international levels.

The primary aim of NGOs is to improve social conditions and address societal challenges. They often engage in activities such as:

Education and literacy programs

Healthcare services and emergency relief

Advocacy for human rights and minority rights

Poverty alleviation and community development

Environmental conservation and awareness

Crime prevention and rehabilitation

NGOs can vary in structure and scope, from grassroots community-based groups to large international organizations. Though they operate outside the formal government system, they may collaborate with government bodies or international institutions. If they meet certain regulatory requirements, NGOs in India can also receive tax-exempt status, allowing donors to claim tax benefits.

In essence, NGOs play a critical role in complementing governmental efforts by addressing gaps in public welfare and pushing for positive social and policy change.