Benefits of Society Registration
- Legal Recognition: Registration grants a legal identity to your organization, enabling you to open bank accounts, hold property, and enter into contracts.
- Credibility and Trust: A registered society fosters trust and credibility among donors, stakeholders, and the public.
- Tax Exemptions: Registered societies can avail tax benefits on donations received under specific Income Tax Act provisions.
- Limited Liability: The liability of members is limited to their contribution to the society's corpus.
Eligibility for Society Registration
- Minimum Members: A minimum of seven individuals above 18 years old are required.
- Non-profit Motive: The society's objective should be social welfare and not profit generation.
- Common Goal: Members should share a common goal aligned with the society's objectives.
Documents Required for Society Registration
- Memorandum of Association (MoA): A document outlining the society's name, objectives, and governing body.
- Rules and Regulations: A set of rules defining the functioning, membership, and management of the society.
- Affidavit: A sworn statement by the President/Secretary verifying the society's objectives and members' details.
- Identity & Address Proof: KYC documents of founding members and office address proof.
- No Objection Certificate (NOC): NOC from the landlord for using the registered office address (if rented).
The Society Registration Process
- Society Name Selection: Choose a unique and relevant name that complies with the registration guidelines.
- Drafting MoA & Rules: Draft a clear MoA and detailed rules & regulations for the society's operation.
- Document Preparation: Collect and prepare all the required documents mentioned above.
- Application Filing: Submit the application form with all documents to the Registrar of Societies in your state.
- Scrutiny and Approval: The registrar will scrutinize your application and may request clarifications or additional documents.
- Certificate of Registration: Upon successful registration, you'll receive a Certificate of Registration from the Registrar's office.
Drawbacks of Society Registration
- Stricter Regulations: Compared to a Trust, societies face stricter regulations and government scrutiny.
- Limited Fundraising: Societies have limitations on fundraising activities compared to NGOs.
- Bureaucracy: The registration process might involve some bureaucratic hurdles.
24efiling Can Help You With Society Registration
24efiling streamlines your Society Registration process with:
- Expert Guidance: Our experienced professionals will guide you through every step, ensuring a smooth registration process.
- Document Assistance: We'll assist you in drafting the MoA, Rules & Regulations, and other required documents.
- Online Application Filing: We'll handle the online application filing process for efficient registration.
- Post-registration Support: We'll provide ongoing support with post-registration compliances.