Several individuals when combined and united together for using a mutual consent to deliberate, govern and act cooperatively for some social purpose is called society. This type of organization is registered for the advancement of charitable activities li
Satisfied Customers
Global Business Setups
Professionals (CA,CS, Lawyers)
Offices
Several individuals, when combined and united together for using a mutual consent to deliberate, govern and act cooperatively for some social purpose, is called society. This type of organization is registered for the advancement of charitable activities like sport, music, cultural, religion, art, education etc.
In India, societies can be registered under central societies act or under state societies act, as Societies Registration Act of 1860 is an all India Act but many States while applying the Act to them.
A minimum number of seven individuals are required to for a Society, which may include foreigners, or registered society for the promotion of literature, science or fine arts or diffusion of useful knowledge and political education or for charitable purposes, is required to register a society, as specified in Section 20 of the Societies Act as per the following procedure:-
➲ Grant of charitable assistance.
➲ Creation of military orphan funds.
➲ Societies established at the several Presidencies of India.
➲ Promotion of
social welfare, sports & games, environment, the compassion of living creatures, recreation, athletics, cultural activities, research work, the welfare of physically handicapped etc has been added by Various States as other object.
➲ Without the previous permission of competent authority a society cannot use any name, emblem, official seal etc (as per the Emblems and name act, it is prohibited).
➲ Name must be unique, means if it is identical with that name by which any other society has been registered or resembles such name which is likely to deceive the member of society or to the public such name may be avoided.
➲ PAN card:
PAN detail of every member of the proposed Society has to be submitted with the application
➲ Residence proof:
Every member’s residence proof should be submitted along with the application. Driving license or Aadhar card or Bank statement, utility bill, passport any of them may be submitted as a proof of residence.
➲ Memorandum of association (MOA):
Objects and clauses book MOA has to be prepared which will contain clauses of society like, Name clause, object clause (purpose of society), registered office clause (where registered office of the society is situated), and details of a member of the proposed society.
➲ Article of association:
Internal rule book AOA has to be prepared which will contain the applicable rule and regulation on proposed society. It also contains the detail about the meetings of the society, information about the auditor, ways for the dissolution of the society and other related rule and regulation.
➲ Cover letter :
The objective or the purpose for which the society is being formed will be annexed to the beginning of the application which will be the covering letter. All the founding member of society will sign It.
➲ Office address proof:
A registered office of proposed society along with the valid proof like NOC, utility bill etc must be submitted along with the application.
➲ A governing body’s member list has to be given along with their signatures
➲ Proposed President must submit a declaration that he/she is willing and competent to hold the said post of the proposed society.
➲ Documents mentioned above have to be submitted to the Registrar of Societies along with the requisite fees in 2 copies. After receiving the application, the registrar will sign the first copy as acknowledgement and return it while keeping the second copy for approval. After proper scrutiny of the documents, the registrar will issue an Incorporation Certificate by allotting a registration number to it.
➲ The signed Rules & Regulations, as well as Memorandum, has to be filed with concerned society or registrar of state with a mentioned fee.
|
Sl No. |
Particulars |
Section 8 |
Society |
Trust |
|
1 |
Govern Under Act |
It is governed by the Indian Companies act 2013 |
It is governed by Societies Registration act 1860 or by the State society act as per the registration |
It is governed by The Indian trust act 1882 |
|
2 |
Registration Authority |
Authority is under regional director and registrar of companies of state |
Authority lies under the hands of the registrar of societies |
Authority is under the jurisdiction of deputy registrar/charity commissioner of the relevant area |
|
3 |
Minimum Requirement |
Minimum 2 director and 2 member |
Minimum of seven members |
Minimum 2 trustees are required |
|
4 |
Primary registration document |
Memorandum and Article of association under which objects and company internal rules are defined respectively |
Memorandum of Society under which objective of the society is mentioned |
Trust deed under which all the objects, rules and powers are defined |
|
5 |
Managing body |
Board of director of companies manages the company |
It is managed by governing council or managing committee |
Managed by trustees |
|
6 |
Revocable/ Irrevocable |
It may gets dissolve as per the provision of act |
It may be dissolved, dissolution must be approved by at least 3/5th of the society’s member |
These are generally irrevocable |
|
7 |
Compliance |
The company need to file a financial report to concern ROC and need to intimate ROC as per the requirement of the act |
Societies need to file annually a list of the names, addresses, and occupations of their managing committee members and other details to the registrar |
There is no need for annul return filing |
|
8 |
Registration under 80G and 12AA |
Yes |
Yes |
Yes |
|
9 |
Subsidy by government |
Mostly preferred |
Moderately preferred |
Moderately preferred |
|
10 |
FDI |
Most preferred |
Moderately preferred |
Moderately preferred |
|
11 |
Transparency |
Member can seek any information from the company Fully transparent |
Less transparency then section 8 company |
Less transparent |
Call or WhatsApp us on +91-99991-39391 for free consultation from our team of experts. You can also email us on [email protected].
We share the detailed and reasonable estimated costs, documents and prerequisites for the complete process before starting the process to ensure transparency.
Our team warrants hassle free documentation. We collect the necessary documents and share the relevant drafts to ensure a timely filing and delivery.
Upon collecting the necessary documents and information, we waste no time in preparation and filing of your application. development on your application is brought to your attention.
On successful completion of the case we share all the relevant documents electronically and physically along with an assurance to pay you back if something is wrong.
The term ‘trust ‘is defined as An obligation annexed to the ownership of property and arising out of a confidence reposed in and declared & accepted by the owner or and accepted by him, For the benefit of another or of another and the owner.
A company registered under companies act 2013 or previous applicable act and has in objects to, Sports Promote commerce, art, science, education, research, social welfare, religion, charity, protection of environment or any such other object; And inten
Registration under 12A and 80G by a Non-Profit Organisation is attained for availing exemption under the Income Tax Act. A not for profit organisation needs these registrations for claiming exemption from applicability of Income Tax on the donations rece
FCRA registration is mandatory for all the non-profit organizations that are indulged in the activities like society’s welfare, promoting at and science, games, and other social activity and have inflow of foreign contribution / investment / funds in In
Several individuals when combined and united together for using a mutual consent to deliberate, govern and act cooperatively for some social purpose is called society. This type of organization is registered for the advancement of charitable activities li
Bespoke advisory focused on mission critical legal, financial and business aspects.
At Corpzo, our clients’ success stories speak volumes. Discover how businesses across various industries have leveraged our expertise to achieve their goals. Read firsthand accounts of our commitment to excellence and the impact we've made in supporting their growth and compliance needs.
Working with Corpzo for our Alternative Investment Fund registration was a remarkable experience. Their deep understanding of regulatory requirements and meticulous attention to detail ensured a smooth and efficient process. The team was always available to address our queries and provided invaluable support at every step. With Corpzo's expertise, we successfully registered our AIF without any hurdles. Highly recommended for anyone navigating the complexities of AIF registration!
“
At Corpzo, we are dedicated to empowering our clients with valuable knowledge and insights. Our team of experts regularly shares in-depth articles, comprehensive guides, and industry updates on Knowledge Varsity. Whether you're looking for the latest trends in alternative investment funds or need expert advice on navigating the complexities of drug licensing, our resources are designed to keep you informed and ahead of the curve. We believe that informed clients make better decisions, and our goal is to provide you with the expertise you need to succeed.
Explore CorpZo Insights© 2024 Ultiwise Ventures Private Limited.
From Mumbai Recently Purchased @Partnership Firm Registration
