\n| \n S. no <\/strong><\/p>\n<\/td>\n| \n Basis of Differences<\/strong><\/p>\n<\/td>\n| \n Trust<\/strong><\/p>\n<\/td>\n| \n Society<\/strong><\/p>\n<\/td>\n| \n Section 8 Company<\/strong><\/p>\n<\/td>\n<\/tr>\n\n| \n 1.<\/p>\n<\/td>\n | \n Statute\/ Legislation<\/p>\n<\/td>\n | \n Governed by Indian Trust Act, 1882.<\/p>\n<\/td>\n | \n Governed by Societies Registration Act 1860.<\/p>\n<\/td>\n | \n Governed by Indian Companies Act, 2013.<\/p>\n<\/td>\n<\/tr>\n | \n| \n 2.<\/p>\n<\/td>\n | \n Jurisdiction<\/p>\n<\/td>\n | \n Registered under the jurisdiction of Deputy Registrar\/ Charity Commissioner of the prescribed area.<\/p>\n<\/td>\n | \n Registration lies in the hands of Registrar of Societies.<\/p>\n<\/td>\n | \n Registration is done with the Regional Director and Registrar of Companies of concerned area.<\/p>\n<\/td>\n<\/tr>\n | \n| \n 3.<\/p>\n<\/td>\n | \n Registration Document<\/p>\n<\/td>\n | \n Trust deed required to register a Trust<\/p>\n<\/td>\n | \n Memorandum of Association of the society to register societies.<\/p>\n<\/td>\n | \n Memorandum of Association and Articles of Association to register a Section 8 Company.<\/p>\n<\/td>\n<\/tr>\n | \n| \n 4.<\/p>\n<\/td>\n | \n Minimum requirement<\/p>\n<\/td>\n | \n At least 2 trustees required to register public charitable Trust.<\/p>\n<\/td>\n | \n Minimum 7 members required to register a society.<\/p>\n<\/td>\n | \n Minimum 2 directors and shareholders are required to register Section 8 Company. Directors and Shareholders can be the same person.<\/p>\n<\/td>\n<\/tr>\n | \n| \n 5.<\/p>\n<\/td>\n | \n Board of Management<\/p>\n<\/td>\n | \n Trusts are governed by trustees or by Board of Trustees.<\/p>\n<\/td>\n | \n Societies are governed by a governing council or managing committee.<\/p>\n<\/td>\n | \n Governed by Board of Directors.<\/p>\n<\/td>\n<\/tr>\n | \n| \n 6.<\/p>\n<\/td>\n | \n Dissolution<\/p>\n<\/td>\n | \n Generally Public Charitable Trusts cannot be dissolved.<\/p>\n<\/td>\n | \n Societies may be dissolved with the approval of 3\/5th<\/sup> members of society.<\/p>\n<\/td>\n| \n Section 8 company may be winded up or dissolved as prescribed under the Companies Act.<\/p>\n<\/td>\n<\/tr>\n | \n| \n 7.<\/p>\n<\/td>\n | \n Annual Compliance<\/p>\n<\/td>\n | \n There are some Annual Compliance requirements depending upon whether the Trust is Private trust or Public Trust.<\/p>\n<\/td>\n | \n Annual filing of a list of names, occupations and addresses of the members of the Managing Committee of the society, with the registrar of Societies.<\/p>\n<\/td>\n | \n Annual Compliance of filing of accounts and filing of annual return of Section 8 Company, with the Registrar of Companies (ROC).<\/p>\n<\/td>\n<\/tr>\n | \n| \n 8.<\/p>\n<\/td>\n | \n Time period involved in Registration<\/p>\n<\/td>\n | \n 10 to 15 days.<\/p>\n<\/td>\n | \n 30 to 45 days<\/p>\n<\/td>\n | \n 60 to 75 days<\/p>\n<\/td>\n<\/tr>\n | \n| \n 9.<\/p>\n<\/td>\n | \n Cost Factor<\/p>\n<\/td>\n | \n Low.<\/p>\n<\/td>\n | \n Medium.<\/p>\n<\/td>\n | \n High<\/p>\n<\/td>\n<\/tr>\n | \n| \n 10<\/p>\n<\/td>\n | \n Grant of subsidy by the government<\/p>\n<\/td>\n | \n Not Much preferred.<\/p>\n<\/td>\n | \n Not Much preferred<\/p>\n<\/td>\n | \n Mostly preferred<\/p>\n<\/td>\n<\/tr>\n | \n| \n 11.<\/p>\n<\/td>\n | \n From the point of view of Foreign Contribution Regulation Act, (FCRA) registration<\/p>\n<\/td>\n | \n Low\/ moderately preferred.<\/p>\n<\/td>\n | \n Low\/moderately preferred<\/p>\n<\/td>\n | \n Most preferred<\/p>\n<\/td>\n<\/tr>\n | \n| \n 12.<\/p>\n<\/td>\n | \n Registration under the Income Tax, 1961<\/p>\n<\/td>\n | \n Allowed.<\/p>\n<\/td>\n | \n Allowed<\/p>\n<\/td>\n | \n Allowed<\/p>\n<\/td>\n<\/tr>\n | \n| \n 13.<\/p>\n<\/td>\n | \n Stamp Duty<\/p>\n<\/td>\n | \n Trust deed to be executed on non-judicial stamp paper, vary from state to state.<\/p>\n<\/td>\n | \n No stamp duty required for Memorandum of Association and rules and regulations.<\/p>\n<\/td>\n | \n No stamp duty required for Memorandum of Association and Articles of Association.<\/p>\n<\/td>\n<\/tr>\n | \n| \n 14.<\/p>\n<\/td>\n | \n Geographical Area and Operation<\/p>\n<\/td>\n | \n Whole of India<\/p>\n<\/td>\n | \n State wise, but can operate in the whole of India after taking all India registration.<\/p>\n<\/td>\n | \n The whole of India.<\/p>\n<\/td>\n<\/tr>\n | \n| \n 15.<\/p>\n<\/td>\n | \n Legal Title<\/p>\n<\/td>\n | \n Vests in the hands of Trustees<\/p>\n<\/td>\n | \n Held in the name of the society.<\/p>\n<\/td>\n | \n Held in the name of the company.<\/p>\n<\/td>\n<\/tr>\n | \n| \n 16.<\/p>\n<\/td>\n | \n Transparency in working details<\/p>\n<\/td>\n | \n Low<\/p>\n<\/td>\n | \n Low<\/p>\n<\/td>\n | \n Works highly transparent as everything is into public domain.<\/p>\n<\/td>\n<\/tr>\n | \n| \n 17.<\/p>\n<\/td>\n | \n Change of Registered office.<\/p>\n<\/td>\n | \n Difficult<\/p>\n<\/td>\n | \n Complex<\/p>\n<\/td>\n | \n Easy<\/p>\n<\/td>\n<\/tr>\n | \n| \n 18.<\/p>\n<\/td>\n | \n Change in board of Director.<\/p>\n<\/td>\n | \n Easy<\/p>\n<\/td>\n | \n Complex<\/p>\n<\/td>\n | \n Easy<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n From the above\ndissimilarities between Trust, Section 8 Company & Society, we get an\noverview of the important points that needs to be considered before choosing a\ntype of organization.<\/p>\n\n\n\n | | | | | | |