Society registration is a suitable business structure for traders & merchants. A society is an association of persons united together by mutual consent to deliberate, determine and act jointly for some common goal to serve society.
A society is an association of persons united together by mutual consent to deliberate, determine and act jointly for some common goal to serve society.
A society gets registered under The Societies Registration Act, 1860 to become a legal business entity.
A society must exist for the purpose of charitable activities such as education, poverty relief, arts, religion, cultures, music, sports etc.
The Governing body members are entrusted with the management of the affairs of the society. Whereas, the General Body member’s responsibilities include the election of governing body members, alteration of procedures, rules and regulations, name and objects, if necessary. A foreigner residence can also become the member of society in India.
A Society can be formed with an objective to promotion literature, fine arts or science or the distribution of valuable knowledge or political education or for charitable purposes.
As per Section 20 of the Societies Act, 1860, a Society can be registered for the following purposes:
Formation of Military Orphan funds
Promotion of Science, Literature& Fine Art
Distribution of useful Knowledge &Political Education
Building or maintenance of libraries, reading rooms, Public Museum or Galleries.
Social Welfare & Social Development
Other purposes based on the amendment that has been enacted to the Societies Act, 1860 by the concerned State Government.
Decision: - Is Society registration right fit for you to start your non-profit operations.
Management: - A society becomes a separate legal entity once incorporated.It acts as a separate entity even if its membership changes.
Purchase Property: - An incorporated society has the right to lease, rent, buy and sell property. It also borrows money and enter contract in its own name.
Personal Liabilities: - Members are not personally liable for the debts, unless debts are incurred from activities undertaken to obtain money for pecuniary gain or debts incurred through unlawful activities.
Next step is to understand various other implications.
Society registration is exempted from income tax
Liabilities are limited in society registration
Society registration is easily inheritable
Assets are secured in society registration
Minimum 7 Members required
The objective shall be scientific, literary & for charitable purpose only
There is no system of equity investment or ownership, thereby, societies become less attractive to commercial investors interested in microfinance.
Borrowing Capital: -
It’s bit hard for society registration to get investment.
Society registration is exempted from income tax
If Society registration benefits & Liabilities satisfy your NGO needs, then Society registration might best suit your social needs.
Corpseed Three Easy Steps to Apply for Society Registration
1. Fill out basic requirement form
2. We'll collect all your documents and file them directly with the authority
3. You'll receive your completed Society registration package by an E-mail
Documents Required for Registration of a society
Affidavit No. 1 regarding ownership and NOC for registered office of the society
Affidavit No. 2 regarding persons not related to each other and name of the 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)
How to get Society Registration?
Connect With Corpseed
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Once you discuss the requirement, we will align a dedicated Account managers are here to help understand your business and provide best solutions and assist you with the entire process.
Real Time Update
Use our platform to track progress of application and many more. Always know what is going on with your application, what is in progress, and what is done.
Once job is completed, you will receive documents directly to your email ID and at your doorstep along with 30 days payback guarantee incase not satisfied with the services.
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