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Society Registration

Society Registration

The piece of equipment of “society” evolved to complete the need of an organization of non-commercial character for the sustainability of repeated charitable activities like education, art, religion, culture-music, and sport, etc. Associations or societies are fashioned to help further these causes since they work on a non-profit base. The call for a legal entity is to own, possess and handle the finances and assets for the accomplishment of liberal or promotional objects, as laid behind by donors, is the result of these actions. Moreover, a society can be shaped to realize this end.

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Overview of Society Registration

A group of people working together to promote charitable activities like sports, music, culture, religion, art, education, etc. and when the group is registered under the Society Registration Act then it will be recognized legally as Society. Additionally, it brings uniformity in the way of working of Societies which helps in better governance too. It is mostly formed to carry out activities like scientific/charitable or literary works. The purpose of Society Registration can be underlined as it enables to give boost to legal conditions of Society. It also helps Society to get a legal status in India. In other words, it becomes a legal entity.

Purpose of Society Registration

Whenever we decide anything, the first thing which clicks in our mind is that what is the purpose for which we are doing the action. So here are some purposes of society registration which are defined under the Act: –

  • Promotion of fine arts.
  • Diffusion of political education.
  • Grant of Charitable Trust
  • Promotion of Science and Literature.
  • Creation of Military Orphan Funds.

Mainly the purposes are related to improvement or upliftment of the society. Hence the purposes defined are of inclusive nature many more legal social works can also be undertaken.

Benefits of Getting Society Registration

  • Legal status to the entity.
  • Society is eligible to open a bank account on its own name.
  • Legal recognition before forum and authorities.
  • Multiple benefits under Income Tax Act.
  • Eligibility to enter into a contact on its own name.
  • Gain capability to sue or sued.

Eligibility for Society Registration

Registered Societies are similar to a partnership firm. Moreover, these societies enjoy divergent merits than that of an unregistered organization. There must be a least of 7 members or more for creating community. Following members are allowed to enroll for Memorandum of society: Besides person, the following bodies are eligible to form an association by contributing to the Memorandum of a society:

  • Foreigners
  • Partnership firm
  • Limited company
  • Registered society
  • Minors not eligible
  • Foreign companies
  • Indian companies
  • Other registered society

Documents Required For Society Registration.

The following documents are required for Society Registration as follows:

  • PAN Card and one Residence Proof (Bank Statement, Aadhar Card, Utility Bill, Driving License, Passport) of minimum 7 persons.
  • Memorandum of Association.
  • Proof of Address of Registered Office and if the place is not owned then NOC of the owner with the Utility Bill is also required.
  • Declaration from president that he is willing to accept the said post of the proposed Society.
  • Rules & Regulations of society.
  • Any other document which the state government specifically demands as per their own requirements.

What are the Precautions while Keeping a Name of Society?

The precautions that one should keep in mind in finalizing the name of Society are as follows:

  • The name of Society should be as per the rules laid out by Society Act, 1860 which states if identical name is selected, the Authority will reject it.
  • The name should not be against State Government/ Government of India.
  • The name should abide by Emblem and Names Act, 1950.
  • No word or phrase must be included which goes against Government/Community.

 

Time Required in Society Registration.

After completing the incorporation requirements, it will take 12-15 days in getting approval and generation of registration certificate.

Legal compliances after getting society registration.

After getting registration the society have to comply with the below stated regularities:

  • Obtaining PAN Card of society.
  • Opening current account of society.
  • Income tax return to be filed every year.
  • AGM Resolution, accounts and members list to be filed with Registrar of Firms