SOCIETY REGISTRATION

Overview

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.

About

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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BENEFITS

Society is treated as a legal entity in the eyes of Law.

Cooperative Societies including Cooperative Housing Societies are eligible to obtain Income Tax Deductions.

Purchase, sell or lease certain property without legal hassles and with lesser compliances.

The registered Society holds the exclusive right to enforce proceedings against the defaulters in case if any dispute arises.

Societies are also eligible to open a bank account after its Registration is done.

Society gains legal recognition while appearing before the Forums as well as Authorities.

Society can be dissolved easily without any cumbersome paperwork and highly complicated Compliances.

Since the members of the Society are not closely related to each other therefore this discourages Monopolization and Biasness within the Society.

DOCUMENTS REQUIRED

Scanned Copy of:

PAN & Aadhaar of all the Members of Society

Passport size photograph of all the Subscribers/Directors
Specimen Signature of Authorised

Utility Bill of Registered office address (Not older than 2 months) (Electricity bill preferred)

No objection certificate from legal owner of Registered office address (Format to be provided by YourLegalExpert.in)

Proof of Identity & Residential address of the subscribers

Declaration as required (Format to be provided by YourLegalExpert.in)

Rules & Regulations of the Society

A covering letter mentioning the objective for which the Society is being formed will be annexed to the start of the application. It will be duly-signed by all the founding members of the Society.

A detailed list of all the members of the governing body must be given along with their signatures.

The President of the Society must give a declaration that he or she is willing & capable of holding the said post in the Society.

Procedure for the Registration of a Society

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.

FAQs on Society Registration

Please reach us at info@yourlegalexpert.in if you cannot find an answer to your question.

How many Members are required to form a Society?

Minimum 7 Members are required to Form a Society.

Can the Members of the same Family 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.

Who is eligible for obtaining Society Registration?

Individuals, Foreigners, Company, Partnership Firm, and Registered Society are eligible to obtain Society Registration.

Can Societies Obtain the Benefits of Tax Exemptions and Deductions?

Yes, Societies can obtain the Benefits of Tax Exemptions as well as Deductions under 12A, 80G of the Income Tax Act.

What are the Rights of the Members of the Society?

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.

Is it Necessary that the Members of the society should belong to the same State where the Society is being registered?

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.

How much Time does it take to Register a Society?

It nearly takes a Month to Register a Society.