Dissolution NGO

Dissolution
Indian public charitable trusts are generally irrevocable. If a trust becomes inactive due to the negligence of its trustees, the Charity Commissioner may take steps to revive the trust. Furthermore, if it becomes too difficult to carry out the objects of a trust, the doctrine of cy pres, meaning "as near as possible," may be applied to change the objects of the trust. Thus, it appears donors could feel fairly secure in the event the trust can no longer accomplish its initial purposes; the trust's purposes would be changed to another similar public charitable purpose, or in the unlikely event of a distribution or winding up of a trust due to changed circumstances, the trust assets would be used for similar charitable purposes.

Unlike trusts, societies and section 25 companies may be dissolved. Upon dissolution and after settlement of all debts and liabilities, the funds and property of the society or company may not be distributed among the members. Instead, the remaining funds and property must be given or transferred to some other society or section 25 company, preferably one with similar objects.

NGO Fundraisers is a Private Limited company, incorporated under the India Companies Act, 1956. It is a company that is headquartered in Bangalore. NGO Fundraisers has been constantly trying newer and more innovative methods of raising funds for the deserving organizations that it works with.

Through an ingenious approach devised by the founder Mr. V. Sridhar, NGO Fundraisers has been able to effectively tap into the segment of ‘Individual Philanthropy’ very effectively. There are mnay people who wish to contribute, modest sums of money for a good cause, but are unaware on which agency they must approach for the same purpose. Most importantly, these individuals may not have the time or the inclination to go in search of such agencies. By reaching them directly, this problem is eliminated and hence, the philanthropy of these individuals can be passed onto the organizations that have a requirement for the same.

India is a country of a 100 Crore people. Of this 100 Crore, even if half a percent of these individuals were to contribute an amount equivalent to Rs 2000/- per annum, imagine the amount of funds that can be raised for the needy in this country. It is this kind of a phenomenon that NGO Fundraisers plans to unleash and utilize for the good of people in this country.