What is Society?
A society is an alliance of persons joined together by mutual consent to deliberate, determine, and act jointly for some common purpose. Societies are usually formed and registered for the promotion of various charitable activities like culture, art, sport, music, religion, education, etc.
Purposes of society:
The society has various purposes so that they can promote and spread the work for the people of society, some of the purposes are as follows:
- Promotion of constructive knowledge in society.
- Spreading of political education.
- Creation of funds for military orphans.
- Promotion of fine arts.
- Promotion of Literature.
- Creating and maintaining reading rooms and libraries.
- Promotion of science.
- Grant of charitable assistance.
- Creating and maintaining galleries and public museums.
Advantages of Society:
- Society has a benefit in income tax as it got the exemption under income tax.
- Once society is registered, then it is deemed as a separate legal entity.
- The society holds the right to lease, rent, buy or sell a property; borrow money or enter into legal contracts in its name.
Registration Process of Society:
To get society registered, you have to follow the procedure given under the Society Registration Act. Society can be created by a minimum of 7 persons or more. Society registration is maintained by state governments. Therefore the application for society registration must be made to the specific authority of the state in which society wants to register means where the registered office of the society is situated. For Society registration, the initiative members must agree with the name of society first and then prepare for the Memorandum. The procedures are as follows:
Selection of a Unique name
The first step in registering the name of a society is to the selection of a unique name but while selecting a name it should be kept in mind that similar or identical names of existing registered societies are not permitted. Further, the proposed name for the society must also not suggest the patronage of the Government of India or any State Government.
Preparation of Memorandum of Association (MoA) and Rules & Regulations.
MoA defines the relationship of its establishing members with the other members of society. MOA specifies the objectives for which such a Society is formed. Such a document should be signed by each of its establishing members. Further, the signing of the document must be in the presence of Gazetted Officer, Notary Public, Chartered Accountant, Oath Commissioner, Advocate, Magistrate first-class, or Chartered Accountant with their official stamping and complete address. The MoA must have details of all the members along with their names, complete address, designation & occupation.
The following documents must be required to get society registered:
- PAN card of all the members along with the application.
- Resident proof of all the members of the society you can provide Aadhaar Card/ Bank statement/ Electricity Bill copy/ Passport.
- Covering letter requesting registration of the Society, signed by all establishing members of the society.
- A duplicate of MoA of the Society along with a certified copy.
- A duplicate of Rules and Regulations of the Society along with a duplicate, duly signed by the establishing members of the society.
- The affidavit is sworn by the President or Secretary of the Society stating the relationship between the subscribers.
- Address proof for the registered office of the Society and No-Objection Certificate(NOC) from the Landlord.