Society registration in India
Are you also having an unstructured group for performing non-profit making activities, now register your group as Society officially.
Are you also having an unstructured group for performing non-profit making activities, now register your group as Society officially.
A society refers to an association of several like-minded individuals coming together by mutual consent to govern and act mutually for some common cause or interest. Societies are mainly register for charitable, religious, cultural, political, education and scientific etc. Societies can also be registered or unregistered. However only registered Societies can hold properties or have suit in the name of society. For registration of society matters concern State Governments in which the society is situated is the correct authority to approach.
Self attested Latest Electricity Bill/ Bank Statement with latest entries/ Telephone Bill/ Mobile Bill
Byelaws with all rules and regulations of the society
List of all members with-
Selection of a unique and non-similar name of the Society. Further the proposed name should not suggest patronage of the Government or excluded under Emblem and Names Act, 1950.
Byelaws are Memorandum & Article of Association which contains rules and regulations of society It also contains details of all the members (atleast seven members). Byelaws must be signed by each of the founding members and witnesses.
The signed Byelaws along with requisite documents to be submitted to concerned Registrar of Societies in the State. In case any discrepancy the resubmission is received with the application, which is required to be filed again with suggestive remarks.
Registrar on being satisfied with application for Society Registration shall issue the certificate of registration of society.
A society is an association of a couple of people unite together by common assent with administer and act commonly for a few mutual reason. Societies are planned to enlist for charitable aim like games, music, culture, religion, religious, schooling, art etc. The Societies Registration Act, 1860 is applicable on societies which are registered in India.
A Society required minimum of seven people and other person from India, Outside India, organizations and other enlisted societies can likewise become the part of a society.
Societies can likewise be registered or unregistered and just enrolled Societies can hold vested properties and additionally have a right to suit by or against the Society.
The application for registration of society should be made to the concerned officer within the State because it is a matter of concern of State Governments at which the registered office of the Society is located.
Step: 1 Election of Name.
Step: 2 Rules & Regulations of Society Enrollment.
Step: 3 Submit the Application.
These seven members are all together known as governing body which manage the administration of society and these members are chosen for limited time period and then re-appointed through voting.
Following are the designated people responsible for management of governing body of society are as under:
Following are the documents required for registration of society:
Provision of Section 80G and 12AA of Income Tax Act i.e. Tax exemption certificates on completion of 3 years of NGO society where contribution received by NGO society shall be free from tax and the person who is contributing will get certificate for tax exemption.
There can be two possibilities:
First: In case where audit is not mandatory then the due date is 31st July of the assessment Year.
Second: In case audit is mandatory then audit to be conducted on 30th September of assessment Year.
BASIS | TRUST |
SOCIETY |
SECTION 8 COMPANY |
---|---|---|---|
Basic Document | Trust Deed | Bye-Laws | MOA & AOA |
Object | A trust is an agreement between parties, whereby one party holds an asset for the benefit of another party. | Society is a group of persons, who join together for the initiating any literary, scientific or charitable purpose. | NGO in form of section 8 company enjoys all advantages of limited companies. |
Governing Legislation | Indian Trusts Act, 1882 | Indian Societies Act, 1860 | Companies Act, 2013 |
No. of Members Required | Minimum 2 person required and these person may be the artificial person created under the law. | Minimum 7 members are required for formation of state level and 8 members from different states each required for national level and these should be individual only. | 2 for Private limited company & 7 for public limited company. |
Ownership | Trustees are the owner of Trust properties. | Properties of the society are own by society itself. | Section 8 company is the owner of all properties. |
Stamp duty | Non-Judicial Stamp duty is required as per the State Stamp Act and it depend on the value of the Trust property. | No stamp duty. | No stamp duty. |
Authority for Registration | Sub-Registrar of the relevant area. | Registrar of Society of the area where premises of society is located. | Registrar of the Companies. |
Management Board | Trustees | Governing Body | Board of Directors |
Meetings | Board of Trustees | Governing Body meeting as per bye-laws | Board of Directors |
Grant of subsidy by the government | Low preference | Low preference | High preference |
Annual Filing | No such requirement | Filing of Audited Financials & list of Governing Body | Audited Financials & Annual Return |
Area of operation | The geographical area of operation of a Trust is all India. | It has to take all India registration for country-wide operations. | The geographical area of operation of is all India. |
Foreign Contribution Regulation Act, (FCRA) registration | Less preferred | Less preferred | Most preferred |
Compliance | Low | Medium | High |
Voting Rights | Equal Rights to All Trustees | Equal Rights to All Members | As per Shareholding |
Dissolution | Public trust cannot be dissolved. | Societies may be dissolved with the approval of at least three-fifths of the society’s members. | It can be dissolved in according with provisions of companies act. |