Society Registration

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Society Registration

Introduction

The Societies Registration Act, 1860 is legislation in India which allows the registration of entities generally for the benefits of society.

A society is an association of individuals who combine using a mutual accord to deliberate, govern and act cooperatively for some communal purpose and benefits for the community. It contributes to the overall development of society and involves some charitable activities like education, health, employment etc.

Society Registration, under The Societies Registration Act, in India, contains certain procedures for the sake of society registration & operation. This act was implemented for the purpose of preceding the legal stipulations of society registrations for the purpose of charity of literature, fine arts, science or distribution of awareness for knowledge. Further every state has drawn its own act for formation and regulating the societies. The area of scope of work is limited in the state where it is registered.

Compliance Sagar will provide you all the necessary services related to society registration under one roof and guide for other compliances required by the Act. You may get in touch with our team on +91 63772 78327 or email compliancesagar@gmail.com for society registrations.

Advantages of Society Registration

Litigation

Every society has its legal entity separate from its members it is capable of filing suits against any person or any member. The registered society can file a suit anywhere in India and in any state even if it is not registered in that particular state

Legal status

Registration of society gives it a legal status and that is very important because of various reasons like: for opening the bank accounts, Obtaining registrations and approvals under Income Tax Act, legally vesting properties of societies.

Perpetual Existence

Society has a perpetual existence, members of society may come and go but Society will remain forever until you cancel its registration.

Tax Benefits

The societies can take the tax benefit after applying for the 12AA/80G Certificate. Both the society and the investor get tax exemptions.

Minimum Requirements

Minimum requirement of members for society registration is 7 members.

An objective of social welfare.

Aadhaar card of the member should be linked with mobile no.

Documents Required for Section 8 Company Registration

List of members

List of all members forming society

PAN card

of all member proposed for registration of society

Covering letter

containing objective behind formation of society

Address proof Owned :

Registry Copy and Electricity Bill

Aadhar card

of all member proposed for registration of society

Address Proof Rented :

Rent Agreement and Electricity Bill

Process of Registration of Society

Step 1 You are firstly required to fill our basic questionnaire form with all your basic details.

Step 2 Submit all the required documents mentioned above so that we can proceed further.

Step 3 We will proceed further and apply for your society registration

Step 4 Once the society gets registered we will provide you the Registration certificate for the same.

Purpose of Society Registrations

A society is registered for the development of science, arts or literature or else for diffusion of purposeful knowledge or charitable purposes. According to section 20 of Society Act, 1860, a society registration can be made for following purposes:

Promotion of fine arts
Diffusion of political education
Grant of charitable assistance
Promotion of science and literature
Creation of military orphan funds
Maintenance or foundation of galleries or public museum
Maintenance or foundation of reading rooms or libraries
Promotion or diffusion or instruction of useful knowledge

Comparison between Trust, Societies and Section 8 Company

S. No.	Basis	Section-8	Trust	Society
1.	Governed by	Companies Act, 2013	Indian Trust Act, 1882	Societies Registration Act, 1860
2.	Registration Document	The charter documents are MOA and Articles of Association	The main document is the Trust Deed	The Primary instrument for Registration of society its Memorandum of Society.
3.	Minimum Requirement	Section-8 Company requires at least two people.	At least two trustees are required.	At least seven members are required to form an society.
4.	Revocable/Irrevocable	It can be dissolved in accordance with the provisions of the Companies Act, 2013 and rules made there under	Public Trust are generally irrevocable	Society can be dissolved which shall be approved by at least 3/4 of the Members of the society.
5.	Control	It is managed by the Board of Directors and resolutions are passed in accordance with the Companies Act, 2013	Single man may control and prevail in a trust.	Decisions are democratically taken in societies
6.	Area of operation	It can operate all over India	It can operate all over India	It can operate in the specific state only.
7.	Bank Account Operations	Here, a person can be authorized to operate a Bank Account.	In trust it is controlled by one person mostly trustee	In case of society Bank operations are operated generally by the President and the treasurer.
8.	Annual Compliance	Annual Accounts and return of Company are filed with ROC.	There is no requirement of annual filing, but the data has to be provided to the concerned department as per prescribed formats.	Societies are required to file annually with the Registrar of societies, a list of containing name. address and occupation of the managing committee members.
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