Dr. B.R. Ambedkar Sports Foundation - Legal Recognition and Registration

The Dr. B.R. Ambedkar Sports Foundation is a registered entity under various legal provisions and acts, making it a fully compliant and transparent non-profit organization. These registrations allow the foundation to operate efficiently, access funding, and contribute to social causes with greater credibility. Here are the key registrations and recognitions that the foundation holds:

1. Registered under the Indian Trusts Act, 1882

The Dr. B.R. Ambedkar Sports Foundation is registered as a trust under the Indian Trusts Act, 1882. This registration allows the foundation to function as a legal entity with the ability to hold property, accept donations, and carry out charitable activities in an organized manner. It ensures that the foundation operates with transparency, with a governing body overseeing its activities in alignment with its mission.

2. 12A Registration (Income Tax Act)

The foundation is registered under Section 12A of the Income Tax Act, which provides tax exemption to charitable organizations on their income, as long as it is used for promoting charitable purposes. This registration ensures that the foundation can accumulate funds without being taxed, helping it channel more resources into its social and educational initiatives.

3. 80G Registration (Income Tax Act)

The Section 80G registration of the Income Tax Act allows donors who contribute to the foundation to receive tax deductions for their donations. Under this provision, the foundation encourages philanthropic donations from individuals and corporations by offering them a tax benefit, thus increasing support for its causes, such as sports development, education, and social welfare.

4. CSR (Corporate Social Responsibility) Recognition

The foundation is recognized under the Corporate Social Responsibility (CSR) framework of the Government of India. This means that companies and corporations can direct part of their CSR funds to support the foundation’s activities. CSR contributions play a significant role in supporting the foundation’s initiatives and help corporate partners contribute to social welfare through sports, education, and community development.

Key Benefits of These Registrations

  • Tax Exemptions: The foundation is eligible for tax-exempt status on its income under Section 12A, and donors are eligible for tax deductions under Section 80G, incentivizing more donations and participation from the community and corporate entities.

  • Legitimacy: The foundation’s registration under the Indian Trusts Act establishes its legal standing as a recognized charitable entity with formal governance structures.

  • Partnership Opportunities: With CSR recognition, the foundation can engage corporate entities to fund and support initiatives in line with their CSR goals, fostering collaborations and growth in areas such as education, sports, and social welfare.