Business Plans, Education, Legal, Mentoring, Social Entrepreneurship

FAQ on Trusts Act Income Tax and FCRA

FAQ on Trusts Act, Income Tax and FCRA

Are you planning to start a new NGO and wondering what would be a good choice of registration – Trust, Society or Company and also wondering what should be the minimum and maximum number of trustees you should have on your Board?

 

Are you already registered but wondering how unspent income of your organization can be carried forward to the next year or accumulated for up to 5 years?

 

Are you planning to receive funds from a foreign source but confused if funds received from an NRI would be allowed even without FCRA registration?

 

If these and a myriad other questions keep cropping up in your mind in the course of running your NGO and if you ever wondered or prayed if there would be a handy reference book to refer to at such times or just simply to brush up your working knowledge of the Trusts Act, Income Tax (exemptions and deductions) and of course the FCRA, … the answers are all there in Centre for Advancement of Philanthropy’s latest book “Frequently Asked Questions” (FAQ) – the all new and revised 2014 Edition.

 

Written by Centre for Advancement of Philanthropy’s CEO, Mr. Noshir H. Dadrawala and a foreword by Bahram N. Vakil (Founding Partner, AZB & Partners) this book has been written keeping the layperson in mind. However, professionals would also find it to be of value. Devoid of legal jargon and written with clarity and depth, this book should be on the bookshelf of every NGO/NPO seeking ready answers to common questions pertaining to the Bombay Public Trusts Act, Income Tax Act and Foreign Contribution (Regulation) Act.

 

Price: Rs. 300/- (Postage Rs. 50/- extra)

Mode of Payment:

1) Demand Draft or Cheque payable at par for Rs. 350/- drawn in favour of “Centre for Advancement of Philanthropy”

2) Bank transfer (NEFT):

Name of the bank: Central Bank of India

Bank Address: Central bank of India, Mumbai Main Office Branch, Mumbai 400 023.

Name of Account Holder: Centre for Advancement of Philanthropy

Account No.: 1721311396

IFSC: CBIN0280621

(Please let us know as soon as the payment is made via NEFT)

We will send you the book and receipt for the payment via speed post/ Courier immediately on receipt of your payment.

We would also offer 20% discount on bulk purchase of 20 or more books.

 

Our contact details:

Centre for Advancement of Philanthropy

Mulla House, 4th floor,

51, M G Road

Flora Fountain

Mumbai 400 001

Tel: 022 22846534 / 22029945

 

Advertisements
Education, Social Entrepreneurship

Master of Social Entrepreneurship

Deshpande Center Social Entrepreneurship, with an aim to demystify social entrepreneurship for young and creative minds, this residential program is carefully designed from a practitioner’s perspective. MSE is hosted by the DCSE that has been a breeding ground of several start-ups, an international network of enterprises and concrete partnerships.

Deshpande Centre for Social Entrepreneurship campus which provides a cutting-edge environment with fully equipped classrooms featuring audio and video facilities and WiFi. The center has additional facilities such as an incubation space, auditorium, digital lab, seminar hall and a robust library containing books, magazines, journals and contemporary digital content.

Why DCSE:

  • DCSE objective to make “learning relevant and responsive to real time challenges” and to embark on an even more ambitious aim to help students not just ‘learn’ about entrepreneurship but find the inspirations and tools of becoming an entrepreneurs themselves.
  • Possibility of getting incubated in our Entrepreneur in Residence program
  • Paid internships during the summer vacations
  • With over 100 for profits and not –for profits who all are engaged with DCSE to solve social issues with a compassionate heart and entrepreneurial mindset.
  • Over 100+ Renown Guest Speaker from Non-Profit and for profit sectors.

If you are passionate about social issues but still possess an entrepreneurial acumen to venture into innovative yet sustainable initiatives – submit your application be a part of an exciting entrepreneurial journey.


Please contact us for more information: 

Deshpande Center for Social Entrepreneurship
Vidyanagar, Hubli – 580 031
Karnataka, India
mse@dfmail.org
+91 96861 13996
Education, Finance

Scholarship for Female Indian Entrepreneurs

The Bonita Trust, the Israel Asia Leaders Fellowship, and the Sofaer International MBA at Tel Aviv University present a unique scholarship opportunity for Indian Female Entrepreneurs.

The Bonita Trust Israel-India Leaders Scholarship includes:

  • Full tuition at Tel Aviv University’s International MBA
  • Full participation in the Israel-Asia Leaders Fellowship
  • Potential seed funding for an Israel-India venture following program

 

Requirements

  • Relevant for the 2014-15 academic year
  • Applicants must meet the admission guidelines for both the Sofaer International MBA and the Israel-Asia Leaders Fellowship
  • GMAT or GRE is required

Interested applicants are asked to complete the following form.

Questions can be sent to: 

Sofaer International MBA: Rebecca Ash, Admission Director, rebash@tauex.tau.ac.il

Israel-Asia Leaders Fellowship: fellowship@israelasiacenter.org

http://en-recanati.tau.ac.il/imba/bonitatrust

Education, News, Startups

India’s new start-up hub, Powai Valley

Thanks to the combination of an engineering school that is as brutally difficult to get into as any in the world, Mumbai’s famed spirit of ‘dhanda’, and relatively low rentals, a new breed of risk-taking, entrepreneurial talent is turning Powai – which once lay sleepily around a picturesque lake – into India’s new hotspot for start-ups. It already houses more than 50 start-ups, and there are many others lining up to enter. (In a nod to its emergence as a business hotspot, a bunch of new upmarket pubs and restaurants have sprung up.)

While some of these ventures are bootstrapping, others are flush with funds but together they fuel an ecosystem which, venture capitalists say could, possibly be India’s answer to Silicon Valley and London’s Silicon Roundabout.
What is brewing in Powai Valley, a moniker given by VCs, is unlike Bangalore and the NCR, largely because most of the start-ups in Powai are in the consumer space whether it’s internet or mobile. Also, the Mumbai suburb is supported by talent coming from IIT-B, giving it an edge over other cities, in the long run.

Click Here for the details of how IIT-B is setting up an entrepreneurship center

Education

20 Business Lessons you don’t want to learn the hard way

Here are 20 business lessons that might just save you a headache –
1. You can’t do everything on your own
2. You may think your product is perfect, your clients won’t
3. Do one thing really well
4. Get paid before you hand over a project to your client
5. Undercharging is not sustainable in the long run
6. Patience and sustainability help you tide over hard times
7. Build for your actual market

8. Never enter a partnership without a buy / sell agreement

And many more………….

Click Here for the full story at Forbes

Education, Finance

Entrepreneurship Summit at IIT-B, learn from the experts

Midas Consulting (UK) in partnership with E-Cell, IIT Bombay is proud to present a two day certification workshop on Lean Entrepreneurship Program on 9th & 10th November, 2013 at IIT, Powai.

Bring your Ideas, Implement your Ideas & learn to monetize Your Ideas with Jamie Dunn, George Abraham & other VCs.

Learn how to accelerate your business growth with least funds from international & national investors

1. Start and accelerate your business with right funds in a Lean way.

2. Certified workshop from ECell , IIT Bombay& Midas Consulting (UK) Ltd.

3. Get your business plan reviewed by Venture Capitalist.

4. 3 months online training.

5. Networking with International VC.

For the details of the program visit : http://midasconsulting.co.uk/leanentrepreneurship/

Major SMEs/Entrepreneurs have learned from our trainings and gave us good feedback.

Please give us a call to discuss challenges you faced running your SME Company, and to see how Midas Consulting (UK) Ltd can help you. Shah you can call me on +91 9920740069 or just reply to this email and I will call you back ASAP.

I look forward to hearing from you!

Regards,

Shruti Singh

Founder – Midas Consulting

International Consulting | International Recruitment.

 

Education

SIMSR’s Certificate Programme on Creating New Ventures

Greeting from SIMSR!
We are enthused with the response received for SIMSR’s Certificate Programme on Creating New Ventures, following that we are pleased to announce the launch of the Second Batch in January 2014.
This programme is ideal for aspiring entrepreneurs from all walks of life. The content is designed to provide theoretical nuances embedded with live talks from established entrepreneurs.
We seek your support in reaching out to individuals who aspire to start up their own venture.
To spread the word, request if you can promote the programmes among your patrons by displaying poster/s at all your centers, email to the database or any other vehicle we can employ to garner enquiries.
Attached along is the creative for your reference. To know more about the programme do visit

http://management-certificate-programmes.somaiya.edu/

Look forward to an affirmative response from your end.
Thanking you in advance.
Best Regards,
Best Regards,
Radha Iyer PhD
Associate Professor General Management Area
Programme Coordinator PGDM Executive
Chairperson Innovation & Entrepreneurship cell
Chairperson Alumni committee

Cell – +91 9820440178

K. J. Somaiya Institute of Management Studies and Research (SIMSR)
Mumbai,India

 MDP SIMSR_CNV Season 2 Poster