CONNECT TO AN EXPERT
A Society is a group of people who come together to discuss, govern, and act cooperatively for a common good. Societies are typically formed to support charitable activities such as music, art, sports, culture, religion, education, and so on. The primary goal of Society registration is to provide legal status to Societies in India and to improve the Societies' overall legal situation.
In India, Society registration and operation are governed by the Societies Registration Act, 1860. A Society registration gives legal status to an entity or group of people working together not for profit but for the welfare of the general public to help the community.
Why is Society formed?
A Society is made up of seven or more people. Partnership firms, Limited Companies, foreigners, registered Societies, etc., can register for a Society in India. A Society can be formed for the following reasons:
Society registration in India
State governments are in charge of Society registration in India. So, the application for Society registration must be filed with the appropriate state authority. Society registration goes through the following procedures:
Name of the Society: The establishing members must first agree on the name of the Society before it can be registered. While finalizing the name of the Society, it must be ensured that it is not similar to the name of any other registered Society.
Memorandum of Association: A Memorandum of Association must include the following:
Rules and Regulations: With Society registration, the rules must include the following information:
Offices in India
Credence Corporate Solutions Pvt Ltd is one of the leading Online Business Solution Company in India, where any Large, Medium or Small business houses as also Entrepreneurs get Start-up services and Taxation solutions. One stop business set-up and corporate services company. We are a team of Professionals and Associates like Chartered Accountants, Company Secretary and Consultants with vast knowledge and experience, committed to provide consistent, customized and workable solutions in the fields of ROC, Taxation, Accounting, Labour Laws, Audits, etc...Read More
Get the latest company news, corporate information, and more on Credence Corporate Solutions. View this section for the recent information on Company Registration, Licenses, GST, Income Tax, Trademark, Product Mark and other topics. Get to chat with our business experts, read business articles, and stay up-to-date on the newest business news.
Non-Banking Financial Companies (NBFCs) provide various financial services to individuals and businesses. 1) Bajaj Finance: Consumer finance, personal loans, home loan...Read More
Managing Risks Faced by Non-Banking Financial Companies (NBFCs) 1. Credit Risk: Risk: The risk of financial loss arising from the failure of borrowers or counterpar...Read More