9821399320 Chat With Us

Free Call Back by an Expert

Easy Payment Options Available No Spam. No Sharing. 100% Confidentiality

What is Society Registration?

When group of individuals unite to accomplish common purpose, it is referred as Society. Society Registration Act, 1860 governs the Registration of Society. When a Society registers, it becomes legal entity. 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.

Significance of Society Registration

It is said that Society Registration helps in improving civic life of the people of the country. The imperative aspect for Society Registration is that minimum seven members or more can create Society. Memorandum of a Society can be subscribed by Company/ people or Registered Society but it happens only in case Company/ people or Registered Society does not belong to India. It becomes applicable only when Company/ people or Registered Society who stays in foreign location expresses interest.

Advantages enjoyed by Society after its formation

  • Society gains a status of a legal entity.
  • Sell, buy, rent as well as Right to lease are the facilities that can be availed by a Society.
  • A membership of a Society may change but it will continue to be a separate entity.
  • Income Tax exemption can be availed by a Society if a Society is incorporated.
  • In case of unlawful activities, the members are held to pay the debts as well as obligations.
  • In case of profit, if debts and obligations are incurred by members for the purpose of obtaining money, the members are liable to pay else members can’t be held liable.
  • Incorporated Society is required to meet minimum requirements which are set by Incorporated Society Act 1908 which gives an assurance to members of the Society.
  • The bank accounts can be opened by Society.
  • Society gains recognition in front of Forums as well as Authorities.

 Society also needs to bear certain limitations which are as follows

  • Only Public Trusts can enjoy Tax exemptions provided they are considered to be engaged. in charitable activities according to Income tax department.
  • The possibility of Equity Investment as well as ownership is ruled out in case of Societies as they can’t go for it. Thus, it keeps commercial investors at bay who want to indulge in Microfinance.
  • It lacks in professionalism.
  • The managerial practices are not followed mostly.
  • The commercial investors consider it as a risky investment which deters them to invest in bulk.

Which are the documents required for Society Registration?

The following documents are required for Society Registration-

  • Society’s name
  • Office’s address proof
  • Driving License/ Aadhaar/ Voter ID/ Passport of the nine members of Society as an identity proof
  • Memorandum of Association (two copies)
  • Society Bye-laws (two copies)

How does Company formed basis Section 25 of Company Act, 1956 differ from Society which is established in accordance with Society Registration  Act, 1860

Attributes

Company formed basis Section 25 of Company Act, 1956

Society established in accordance with Society Registration  Act, 1860

Status of Legal Entity

It attains a status of legal entity

Certain limitations apply although it becomes a legal entity

Goodwill

A Goodwill is enjoyed by Company

Society is at par in terms of goodwill as Company

Levy of penalty

More penalty is imposed on Company as Company Act lays stringent norms

The penalties are less compared to Company

Provision of meeting

Company Act, 1956 lays provisions for meetings

Society Registration  Act, 1860 lays provisions for meetings

Compliance & Management

The compliance as well as management is complex in addition to being time consuming

The compliance and management of Society is relatively easy

Selection of Name

Registrar of Company approves the name of Company

The name selection of Society is not difficult

Motive

Activities of non- profit nature are undertaken

The literary as well charitable activities are undertaken mostly

Creation & formation

There is a complex process for creation of  Company

It is easy as well as simple


Society Registration as well as its procedure

  1. File the Application in the specific state where Society is required to be intended.
  2. The name of Society must be decided by the members before approaching Registrar.
  3. Finalize Memorandum of Association which depicts Society’s Rules and Regulations.
  4. State Government decides the required fee which is required to be submitted by the applicant.

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.

What all should be included in Memorandum of Association?

Memorandum of Association includes list of things which are mentioned below-

  • Society’s name
  • Society’s Registered Office
  • Society’s operational area
  • Society’s aims as well as objects
  • Directors and other Council details
  • Governing body
  • Desirous persons

What all attributes should Rules and Regulations include?

The attributes that should be included in Rules and Regulations are as follows-

  • Society’s Constitution
  • Membership as well as Subscription
  • Members Termination
  • Office Bearer details
  • Society’s source of income
  • Election Norms
  • Audit Compliance
  • Provision of Meetings
  • Society’s Dissolution
  • Legal Disputes provisions

Why choose Swarit Advisors?

  • 20+ years of experience
  • Rank 1 in NBFC & Financial Advisory services
  • 150+ team of CA/CS/Lawyers
  • 4.8 star rating from our clients
  • 500+ cities served
  • In case of any questions or you wish to apply for Society Registration

Frequently Asked Questions on Public Limited Company Registration

When group of individuals unite to accomplish common purpose, it is referred as Society. Society Registration Act, 1860 governs the Registration of Society. When a Society registers, it becomes legal entity. Additionally, it brings uniformity in the way of working of Societies which helps in better governance too.

The purpose of Society Registration can be underlines 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.

Society Registration helps in improving civic life of the people of the country. The imperative aspect for Society Registration is that minimum seven members or more can create Society. Memorandum of a Society can be subscribed by Company/ people or Registered Society but it happens only in case Company/ people or Registered Society does not belong to India. It becomes applicable only when Company/ people or Registered Society who stays in foreign location expresses interest.

A membership of a Society may change but it will continue to be a separate entity

Income Tax exemption can be availed by a Society if a Society is incorporated

Working Process

Swarit Advisors Working Steps

1

Make Enquiry

Share your Contact Details and receive free consultation.

2

Make Payment

Make Online or Offline Payment for your Order.

3

Submit Documents

Submit Documents for your Order Using Online Dashboard.

4

Work Completed

Work will be completed by us and updates delivered Online.

Latest Post

An overview of National Society Registration

Our nation has become ruthless; it requires compassion, benevolence and charitable deed for its well-being. One such Establishment that emphasizes on the advancement of Religion, Art, Literature, Science, Education, Sports...

Dashmeet Kaur
Dashmeet Kaur

How to check Society Registration online?

A Society is an association of individuals that voluntarily come together to attain a common objective. The primary purpose of a Society is to promote the advancement of art, literature,...

Dashmeet Kaur
Dashmeet Kaur

How Society Registration is Important

What is a Society? A society is formed for the purpose of promotion of literature, science or the fine arts or for providing useful knowledge for charitable purposes. It consists...

Swarit Advisors
Swarit Advisors

Our Valuable Clients

Subscribe for our Newsletter

Hi! My name is Akanksha! Let's talk.