Society registration.docx

1. Society registration The Societies Registration Act, 1860 is legislation in India that allows the registration of entities generally for the benefit 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 Society Registration Act, in India, contains certain procedures for the sake of society registration & operation. This act was implemented to precede the legal stipulations of society registration for the charity of literature, fine arts, science, or distribution of awareness for knowledge. Further, every state has drawn its act for the formation and regulating societies. The area of scope of work is limited in the state where it is registered. The Legal Window provides you with all the services regarding Society registration in Jaipur 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 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 opening bank accounts, Obtaining registrations and approvals under the Income Tax Act, and legally vesting properties of societies. Perpetual Existence

2. Society has a  perpetual existence, members of society may come and go but Society will remain forever until you cancel its registration.  Tax Benefit 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 The minimum requirement for members for society registration is 7 members. The Aadhaar card of the member should be linked with mobile no. An objective of social welfare. Documents Required for Society Registration PAN card of all members proposed for registration of the society Aadhar card of all members proposed for registration of the society List of all members forming a society Covering letter containing objective behind the formation of society Address proof Owned: Registry Copy and Electricity Bill Address Proof Rented: Rent Agreement and Electricity Bill Process of Registration of Society Step 1 You are firstly required to fill out our basic questionnaire form with all your basic details. Step 2

3. 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 Registration Society is registered for the development of science, arts, or literature or else for the diffusion of purposeful knowledge or charitable purposes. According to section 20 of the Society Act, 1860, a society registration can be made for the 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 Acceptable Name for a Society As per the provision of the Prevention of Improper Use Act, 1950, two societies should not have similar names. But the state acts do not have any restrictions regarding the use of the same name of two or more societies. Some names are not applicable for society registration: Names prohibited or registered by the State or Central Government through executive instructions are not allowed for Society Government Emblems and Names are not acceptable The name of the Indian Institute or University also cannot be registered. Comparison  between Trust, Societies, and Section 8 Company

4. S. No. Basis Section-8 Trust Society Societies Registration Act, 1860 Companies Act, 2013 Indian Trust Act, 1882 1. Governed by The primary instrument for the Registration of society is the Memorandum of Society. The charter documents are MOA and Articles of Association The main document is the Trust Deed Registration Document 2. Section-8 Company requires at least two people. At least seven members are required to form a society. At least two trustees are required. Minimum Requirement 3. It can be dissolved by the provisions of the Companies Act, 2013 and rules made thereunder Society can be dissolved which shall be approved by at least 3/4 of the Members of the society. Public Trust is generally irrevocable 4. Revocable/Irrevocable It is managed by the Board of Directors and resolutions are passed by the Companies Act, 2013 A single man may control and prevail in a trust. Decisions are democratically taken in societies 5. Control It can operate all over India It can operate all over India It can operate in a specific state only. 6. Area of operation In the case of society Bank operations are operated generally by the President and the treasurer. Here, a person can be authorized to operate a Bank Account. Intrust it is controlled by one person mostly a trustee Bank Account Operations 7.

5. Societies are required to file annually with the Registrar of societies, a list containing their names. address and occupation of the managing committee members. There is no requirement for annual filing, but the data has to be provided to the concerned department as per prescribed formats. Annual Accounts and returns of the Company are filed with ROC. 8. Annual Compliance