Overview
A society is a legal entity formed by a group of individuals who come together to pursue a common purpose or interest, such as social, cultural, educational, or charitable activities. The society is registered under the Societies Registration Act, 1860, which provides for the registration, governance, and dissolution of societies.
A registered society has a separate legal identity from its members, which means that it can enter into contracts, own property, and sue and be sued in its own name. It can also raise funds through donations, grants, and other sources to carry out its activities.
Societies in India are typically used for a variety of purposes, such as promoting education, art, culture, sports, health, and social welfare. They are often run by volunteers and rely on the support of donors and other stakeholders to carry out their activities.
Basic Requirements
01
Registered Address
02
New & Unique Name
03
Number of Trustees
04
Capital Requirement
Advantages
Separate Legal Entity
Perpetual Succession
Tax Benefits
Transparency and Accountability
Limited liability of Shareholders
Access to Grants and Funds
Trustworthiness
Credibility and Transparency
Steps
Verification of Documents provided for registration by you. And application for DSC.
Application for Name approval
Drafting of MOA and AOA
Filing of Form "A" to Registrar of Societies
Once Form "A" got approved , Registrar of Societies issue Certificate of Registration.
Compliances
To promote transparency, sound governance, and safeguard the interests of all stakeholders, certain compliance requirements and related filings must be fulfilled within established timelines.
Our company assists in fulfilling these obligations with ease and efficiency. Compliance requirements can be broadly categorized into four types
For further details and expert guidance, kindly seek the consultation of our seasoned startup consultants.
One Time Compliances
One Time after incorporation like appointment of Auditor, Declaration for Commencement of business, Issuance of share certificate etc
Event Based Compliances
Change of Directors, Change of regd. Address,Allotment of shares etc.
Regular Compliance
Accounting , Tax Filing , Maintenance of records and registers etc
Annual Compliance
ROC Annual filing, Audit of financial statement, ITR filing etc
Frequently Asked Question
- Exemption on income generated from charitable, religious, or educational activities.
- Donors can avail tax deductions under Section 80G for contributions made to the society.
- Accumulated funds for specific purposes may be exempt from income tax.
- Certain properties or assets owned by the society may be exempt from wealth tax or property tax.
Yes, it is possible for an NGO to chanIn India, the duration of validity for society registration depends on the state in which the society is registered. Generally, society registration remains valid indefinitely unless it is voluntarily dissolved or canceled by the relevant authorities.
ge its legal structure after registration. However, it requires following the necessary legal procedures, obtaining consent from the members, and complying with the applicable laws and regulations.
Yes, in many cases, a foreigner can become a member of a society. The eligibility for membership in a society is typically based on the criteria outlined in the society's bylaws or rules and regulations.
No, a society generally cannot act beyond the purpose for which it was formed. The objectives and purpose of a society are typically defined in its memorandum of association or rules and regulations, which serve as its governing documents. These documents outline the specific activities and goals that the society intends to pursue.
- Charitable Societies: Formed to carry out charitable activities and provide assistance to the underprivileged.
- Educational Societies: Established to promote education, run schools, colleges, or educational institutions.
- Cultural Societies: Dedicated to the preservation and promotion of arts, culture, and heritage.
- Sports Societies: Organized to promote and engage in sports activities, tournaments, and events.
- Professional Societies: Created for professionals in a specific field to exchange knowledge, promote professional standards, and provide networking opportunities.
- Housing Societies: Formed by residents of a housing complex or society to manage common amenities and facilities.
- Literary Societies: Focused on the promotion of literature, writing, and literary activities.
Yes, societies can accept donations or grants from individuals, organizations, or government bodies. Donations and grants are often a significant source of funding for societies to support their activities and fulfill their objectives.