Asked in Trusts and estates
Dear Sir, You may discuss with Chartered Accountant.
It should be done by the NGO itself and not in the solitary manner on behalf of the NGO itself. It, legally cannot be allowed and permitted. Please give me Rank Five and follow me after reviewing my resume and book a consultation for further discussion and explanation if required.
you can raise the funds through crowdfunding but limited to medical and social causes for yourself, since you wants to raise the funds to support the NGO, it may contain some complications, further, it will require permission of the concerned NGO
Hi, Crowdfunding is illegal in India. So, To issue equity shares in India, companies need to comply with the provisions of the Companies Act,2013. The types of entities that are allowed to set up internet-based Crowdfunding Platforms to enable online solicitation from such investors, and the different associated aspects. I advise you to check other ways for raising funds. If you find this helpful please rate my answer. Thank you
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