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Society Registration

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.

Society Registration

  • 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:

  • Charitable assistance

  • 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.   

Benefits:-

  • Society registration is exempted from income tax
  • Liabilities are limited in society registration
  • Society registration is easily inheritable
  • Assets are secured in society registration

Liabilities: -

  • 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.

Taxes: -

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?

 

E Wallet

Connect With Corpseed

Connect with the team corpseed to discuss specific requirements for your business at IVR: +91 7558 640 644 or hello@corpseed.com. It takes 20-25 minutes to discuss requirement.

E Wallet

Dedicated Manager

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.

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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.

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Job Completed

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.

 

 

faq FAQ`s

  • Minimum of 7 members

  • Societies are formed to serve society and not to earn profits.

  • Proof of business

  • PAN card

  • Address Proof

  • Identity proofs

 

 Industry average is up to 30 days,but we have a track record of completing within 13-15business days unless critical things happen in between the process.

Yes, since records of the Society are regarded as public records. Under section 24, any person can get a duplicate copy of it and create a proof.

Any premises be it a commercial / industrial / residential where communication from the district registrar will be received.

Yes, it is necessary to have a non-profit motive to incorporate a Society registration.

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