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A Society is an association of several individuals with common interests collectively acting together to perform certain objects. Usually, Societies are registered for the advancement and promotion of charitable activities such as culture, art, sports, education, music, religion, etc. In India Society Registration Act, 1860 have been enacted to provide assistance to the people on how a society can be registered in India. This Act was introduced with the aim of promoting literature, science, or the fine arts, or for the diffusion of useful knowledge or for performing charitable purposes.
For Instance: Any act done for the betterment of society can be performed by incorporating a Society.
Purpose of Society Registration
Society Registration can be done for the following purposes:
1. Grant of charitable assistance to the poor and needy;
2. Creation of military orphan funds;
3. Collections of mechanical & philosophical inventions, instruments, or designs;
4. Grant of charitable aid;
5. Diffusion or promotion or instruction of useful knowledge;
6. Foundation or maintenance of reading libraries or reading rooms;
7. Foundation or maintenance of public museums or galleries;
8. Imparting education to the larger sections of the Society
9. Betterment of science and Technology
10. Initiatives to promote Indian Literature, Art and Culture.
Society Registration is very detailed procedure, which requires keen knowledge, procedure and team of professionals. Each Company incorporation has its tailored requirements. We at YourLegalExpert.in have a full-fledged, dedicated team of professionals. You are required to fill the form and then our experts will reach out to you, to know the exact requirement and gather further information. Then our experts at YOURLEGALEXPERT.IN will be at your disposal for assisting you with guidance concerning Society Registration and its compliances. Our professionals will assist you in planning seamlessly at the least cost, confirming the successful conclusion of the process. We shall guide you with Do’s and Don’t’s as well.
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Step 1: Select Unique Name: The Applicant must select a Unique Name of the Society which should indicate the Nature of work that the society will be performing. One must ensure that the name is not deceptively similar or identical to another incorporated Society/Corporate body.
Step 2: Draft the Memorandum of Association: Now, each member of the Society must sign the Memorandum with the Rules and Regulations of the Society. It should be witnessed by Notary Public, Chartered Accountant, Oath Commissioner, Gazetted Officer, First Class Magistrate or Advocate with their official stamp and complete address.
Step 3: Prepare other Necessary Documents: After Drafting of MOA and Rules and Regulations the Next step is attaching Relevant Documents with the Application. Such as Copy of PAN card, Residence Proof of all the Members, a covering Letter, NOC from the Owner of the Land, Copy of Address proof where the Registered Office of the Society is situated and a Declaration from the president of the Society.
Step 4: Documentation with the Concerned Registrar: Once you have prepared all the documents, submit them to the concerned Registrar of your State along with the Filing fee. If the Registrar feels that your provided information is valid, then he will declare your Society as registered. You can check the Society Registration status on the official website of the Municipal of Corporate Affairs.
Minimum 7 Members are required to Form a Society.
No, Members of the same family cannot form a society. In another words there should be no blood relation amongst the members while forming a Society.
Individuals, Foreigners, Company, Partnership Firm, and Registered Society are eligible to obtain Society Registration.
Yes, Societies can obtain the Benefits of Tax Exemptions as well as Deductions under 12A, 80G of the Income Tax Act.
Members have the Right to attend and Vote in the Annual General Meeting, Right to Inspect the Statement of Accounts of the Society and the Right to receive the Copy of Bylaws.
No, it is not necessary that the Members of the Society should belong to the same State. However, if you wish to appoint members from the Different States make sure to obtain to their signatures on the Memorandum Individually.
It nearly takes a Month to Register a Society.
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