Introduction
Compliance is key to ensuring that your NGO in Bihar operates within legal boundaries and maintains donor trust. Let’s explore the major compliance areas you need to be aware of.
1. Regulatory Bodies and Legal Framework
NGOs in Bihar must be aware of the regulatory bodies that govern nonprofit activities, such as the Income Tax Department, Ministry of Home Affairs (for FCRA), and State Government authorities.
2. Financial Transparency
Maintaining transparency in financial records is a must. NGOs need to ensure that their accounts are audited regularly and that their financial practices meet legal and ethical standards.
3. Annual Reporting
NGOs are required to submit annual reports, including activity reports, financial statements, and details about their governance. This reporting helps NGOs stay accountable to donors, the government, and the public.
4. Data Protection and Privacy Laws
NGOs in Bihar must comply with data protection laws to safeguard the personal information of donors, beneficiaries, and staff.
Conclusion
Navigating compliance in Bihar requires a solid understanding of legal regulations, financial transparency, and regular reporting. NGOs should seek expert advice to ensure they are fully compliant and avoid any potential legal challenges.
