I am trying to understand the compensation structure and benefits that are offered to employees in a NGO whether a Society or Trust or Sec 8 company. Organisations that I have spoken to say they do not provide the same and believe it is not applicable. However, my interpretation is that these organisations are establishments which have more than 20 employees (at least the one I spoke to) and hence it is applicable. Ideally, should be registered under respective Shops and Establishment Act.
One argument against Gratuity is we follow cash basis of accounting- which means we can't provide for it and project may not last 5 years and a new donor doesn't want to support the liability and the organisation doesn't have surplus funds to pay for it. Would request the experts to throw light on this. Thanks
One argument against Gratuity is we follow cash basis of accounting- which means we can't provide for it and project may not last 5 years and a new donor doesn't want to support the liability and the organisation doesn't have surplus funds to pay for it. Would request the experts to throw light on this. Thanks