REGISTRATION
REGISTER YOUR SOCIETY
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SOCIETIES REGISTRATION
INTRODUCTION OF A SOCIETY REGISTRATION
As per the Societies Registration Act 1860, any seven or more persons associated with each other for literary, scientific or charitable purposes (listed in Section 20, Societies Registration Act 1860) may form themselves into a society.
Asper Section 20 of the act, the following types of Societies can be registered under this Societies Registration Act 1860.
- Charitable Societies
- Military Orphan Societies
- Societies established for the promotion of Science, Literature, Fine Arts
- Societies established for the instruction of useful knowledge.
- Societies established for the diffusion of Political Education.
- Societies established for the foundation and maintenance of Libraries, Reading Rooms, Museums, Galleries of Paintings and other works of art.
- Societies established for the collection and preservation of Natural History, Mechanical and Philosophical Inventions, Instruments or Designs.
The Societies Registration Act 1860 is accepted and augmented all over India by every State Government (Some have incorporated the act with certain amendments)
BENEFITS
BENEFITS OF REGISTERING A SOCIETY (UNDER THE SOCIETIES REGISTRATION ACT 1860)
Registering a Society under the Societies Registration Act 1860 boosts the credibility of the Society as it is recognized by the Indian Government and abides by the rules it imposes.
Also, a registered Society enjoys certain exclusive benefits, such as,
- A registered Society gains the status of a separate Legal Entity, thus enabling it to buy, rent, lease, and sell a property on its own.
- A registered Society becomes eligible to open a bank account in its name, which is maintained by the members of the Society.
- A registered Society becomes eligible to enjoy Tax Exemption and as well as transfer tax benefits to its sponsors if it meets specific criteria set by the Income Tax Department.
- The members of the registered Society are liable for any debt and obligations of the Society, which further increases the credibility of the organization.
REGISTRATION OF A SOCIETY
PROCESS OF REGISTRATION OF A SOCIETY
Every Indian State Government beholds the authority to register a Society which comes under its jurisdiction. A Registrar of Society is appointed in every district of the State who processes all the Registration applications of the Societies that reside in the district.
In case a Society performs its operations all over the State, then it has to be registered in the State Registration Office.
REQUIRED
DOCUMENTS REQUIRED
Certain mandatory documents are to be submitted along with the application for Registering a Society. These documents precisely present all the necessary information required by the Registrar of Societies for processing the application.
The necessary Documents are listed below:
- PAN Card of all the members of the Society must be submitted along with the application.
- Proof of Residence of all the Societal Members (such as bank statement, utility bank, passport, Aadhaar Card, or Passport)
- The Memorandum of Association (MOA)
Memorandum of Association (MOA): The Memorandum of Association (MOA) is the most important document that needs to be submitted for the approval process of a Society. The MOA is drafted carefully by professionals by incorporating all the relevant clauses (mentioned below), which clearly articulates all the details of the society.
- Name Clause
- Objectives Clause
- Registered Office Clause
- Details of the Executive
- Body/ Governing Body (such as names, occupations and addresses)
- Constitution of the Society
- Terms of Member’s Termination
- Details of the Office Bearer
- Audit Compliance
- Provision of the Meetings
- Provisions of Legal Disputes
- Income Source of the Society
- Membership and Subscription
- Election Norms
- Society’s Dissolution Policies
Taxkey’s team of experts will guide and walk you through every step in the preparation process of an MOA.
Documents Required:
- PAN cards of each and every member of the society
- Account Statement
- Utility Bill, driving license, and Aadhaar card
Passport - Memorandum of Association (MOA)
- Articles of Association (AOA)
- Terms and conditions of the society
- Guidelines to join the society
- Address proof
- Information of all the participant
FOLLOW UP
POST APPLICATION FOLLOW UP
After submitting the Society Registration Application, the Registrar will take approximately 5 days (minimum) to 15 days (maximum) to process the application (The time of processing varies according to the Registered Office Address and the Jurisdiction of the Registrar of Societies)
After approving the application, the Registrar will issue a Registration Certificate to the Society, which has a lifetime validity (subject to ratification and regular annual renewal).
The Society can commence its operations upon the reception of the Society Registration Certificate.
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