The difference between the three terms is as follows: Trust, Societies & Section 8 company

Explain the difference between trust, societies and Section 8 company?

Paras Mehra February 11, 2017 1.71K Views

The difference between the three terms is as follows:

Trust	Societies	Section 8
It is an simple registered NGO and does not have any specific authority.	Societies are registered under the Societies registration act and hence authentic.	Section 8 company is the most authentic NPO or NGO which is registered under Companies Act, 2013.
Lacks trust factor	Mild trust, as membership is an important criteria.	High on trust factor.
Trust deed is the most important document.	Deed of Societies is most important document.	Memorandum of Association is the most important document.
Registration cost is low.	Registration cost is somewhere between 15000 to 20,000	Registration cost is around 25000, due to work load involved.
No Compliances	Compliances as per deed	Various compliances including audit prescribed.