Object: *It operates for common welfare of masses at large, for promotion of commerce, art, science, sports, education, research, social welfare, religion, charity, protection of environment or any such other object.
Profit Earning: *The objective is not to earn profit. If any profit is earned during course of its operation, the same is not to be shared among owners/members rather utilised for attaining the objects for which NGO was formed.
Utilisation of funds and earnings: *The profits, if any, or other income is used towards promoting of specific objects of NGO. Further there is restriction on declaration of profits as dividend to members.

1. At least two shareholders
2. Minimum two directors
Shareholders and Directors could be same 3.At least one Director should be Indian resident
4. There is no minimum capital required.
5. Income tax PAN (mandatory)
6. Identity Proof (Voter ID/ Aadhar Card, etc)
7. Passport (mandatory)
8. Proof of residence ( Electricity/ Telephone/ Mobile Bill or Bank Statement)
9. Registered Office Address Proof (Rent agreement if the premises is not owned by the company)
10. Documents claiming the ownership such as Sale Deed or House Tax receiptalong with an NOC.