Society Registration

A society is an organization where people who share common interests together to carry out specific tasks. The Society Registration Act 1860 governs the societies above, and the individual states update the act. The societies are registered and governed by the law. A society must be registered to promote the fine arts, science, literature, or information exchange for a purposeful cause or charity. On the other hand, society can be founded to maintain a residential or commercial complex or form an Apartment Association.

The Advantages of Society Registration

The following advantages are available to the applicant after obtaining society registration:
  • The entity's legal standing.
  • The society can open a bank account in its own name.
  • Before the forum and authorities, legal recognition is required.
  • The Income Tax Act provides a number of advantages like 80G approval, etc.
  • The ability to enter a contract under its own name.
  • Acquire the ability to sue or be sued.

Document needed

  • List of all members of society
  • Aadhar and PAN Card of all members
  • Objective of Society
  • Rules and Regulations of Society
  • Address proof of society
  • Declaration by the president of the society

A step-by-step guide for Online Society Registration

The basic criteria must be met in order to register a society:

Members

A state society must have a minimum of seven members.

Jurisdiction

The location of the society's registered office situated in respective area of District Registrar having jurisdiction on such society.

The act that governs

The Societies Registration Act of 1860, governs the societies.

Management of real estate

The property of the society is held in the name of the society and can be sold according to the terms outlined in the society's bye-laws.

Dissolution

According to the society's bye-laws, upon dissolution and after payment of all obligations, the society's assets and liabilities, as well as its funds and property, may not be dispersed among the members but must instead be given or transferred to another organization, preferably one with similar objectives.

Board

General Body, Executive Committee (President, Vice President, Secretary, and Treasurer) and all other members.

Compliance with society

Following its registration, a trust must undertake the following:

  • Get a PAN card.
  • Open a bank account.
  • Accounting and bookkeeping
  • IT filings on an annual basis
  • GST registration, if applicable.

Tax exemptions' applicability

There is a widespread belief that society does not need to pay taxes because everyone works for the common goal. This is not the case, however, a society, like any other legal body, owes taxes. Society may get certification from the income tax authorities for exemptions such as Section 12A, 80G, and others to be tax-exempt.

Why TaxDraw?

  • A complete consultation to understand your needs and to walk you through the process from start to finish.
  • We will handle all the paperwork required to apply for a society registration, and we will keep you updated on the development.
  • We will assist you with all of the necessary steps and procedures for registering your society.

FAQ's

No, society can have as many members as it wants. According to the Society Registration Act, there is no upper limit. However, a minimum of 7 members is required.

Yes. Government employees and officers are allowed to join NGOs as long as the organization is not anti-government. There are some regulations that members must follow, one of which is to ensure that the organization is not profit-making and that the members do not receive any compensation from the NGO.

NGOs can be registered as Trust or Section 8 corporations, depending on their purpose and objectives.

  • The executive committee meeting should be held once in Quarter
  • Any changes done on MOA must be recorded with Registrar of Societies
  • The name and address of each member should be recorded in Managing Committee of society.