Trusts are formed with the purpose to provide assistance in doing charitable work and thus support everything that comes under mankind no matter it is an educational, medical or labor-related cause. In simple words, trust is a simpler entity which is also easier to register. Interested donors put their trust in and donate the money after going through the objectives mentioned in the trust deed of the trusted entity.
When it comes to a society NGO, societies are governed by Societies Registration Act, 1860. With minimum seven managing committee members the Board of Management is in the form of a governing body or council or a managing or executive committee. A society NGO can be formed by the memorandum of association which is the main instrument of any society. Members are free to decide various designations among themselves.
Section 8 Company is formed with the purpose to promote art, commerce, research, education, science, social welfare, charity, sports, education, research, social welfare, protection of environment and religion. It is obligatory that Section 8 Company must promote only the objects of the company and members not to be paid any dividends. The applicant is required to file form INC-1 for name availability.