What Is Society Registration?
A Society is an organized group of persons whose main objective is to serve society and not to earn a profit. A society is registered under The Societies Registration Act, 1860 to become a legal entity. A society exists for the purpose of charitable activities such as poverty relief, arts, education, religion, cultures and sports. The Governing body members are entrusted with the management of the affairs of the society. Whereas, the General Body member's duties include the election of governing body members, alteration of rules and regulations, name and objects, if necessary. A foreigner can also become a society member in India.
Society Registration is done through TaxOSmart.
Documents Required for Society Registration
Affidavit No. 1 regarding ownership and NOC for registered office of society
Affidavit No. 2 regarding persons not related to each other and name of society
Affidavit No. 2 regarding persons not related to each other and name of society
ID Proofs of all the members
Address Proof of all the members
Electricity/ Water bill (Business Place)
Copy of Property papers (If owned property)
Landlord NOC (Format will be provided)
Advantages Of Society
Independent judicial persons
File cases
Exemptions from income tax
Easily inheritable
Can purchase property
Secured assets
Important Points For Society Registration
Minimum 7 Members required No PAN Card required
The objective shall be scientific, literary & for charitable purpose
No stamp paper required.
Easily inheritable
Society Registration
Ideal for Start-ups Going for Funding & Growing Business
Loading...
