Process of Society Registration in Jaipur Rajasthan

A Society is an association of individuals who work together for non-profit purpose for the welfare of the general public at large. The primary motive of a Society is to promote the advancement of charitable activities, art, science, literature, sports, education etc. On the other hand, a society is also formed for the purpose of maintenance of a commercial or residential complex or for forming a Association of Apartments.

Hence, a society is a non-commercial organization which is registered under the Society Registration Act, 1860 in India which lays down rules and regulations for the registration of society and its operation. A combination of seven or ore persons are required to form a Society under Society Registration Act.

Purpose of Society Registration in India

The main purpose of Society Registration is to promote fine arts, literature or science and disseminating useful knowledge related to charitable purposes or political education. Moreover, under Section 20 of the Society Registration Act, 1860, the following objectives are additionally provided for which a society registration can be done:

• Providing Charitable Assistance
• Political Education
• Promotion of science and literature
• Creation of Military Orphan Funds
• Disseminating useful knowledge
• Maintenance of public museum or galleries
• Maintenance of Libraries or Reading rooms

Important Features of Society Registration in India

• Minimum Requirement of seven or more members to form a Society
• In case any individual, companies or any other society who is registered outside India wish to start a Society in India, then they need to subscribe to the Memorandum of society in India
• In India, it is not mandatory to register a Society
• If a society is registered, it gets legal protection and can avail various benefits provide by the Government.
• Registration of the society must be done under that jurisdiction under which the Registered Office of the Society is situated. For example, if the registered office is situated in Jaipur, then you need to apply to the State Officer in Jaipur
• Society has to follow the rules and regulations of Societies Registration Act, 1986
• Winding up process of Society is must easier than any other entity.

Advantages of Society Registration in India

Some of the advantages of registering a Society is as follows:

• Legal Status to the Entity
• Societies can open Bank Account
• They can enter into contracts on its own name
• Gains legal recognition before forums and authorities
• A registered society can sue or sued
• Gets multiple benefits under the Income Tax Act
• Separate Legal Entity
• Less Penalties

Documents Requirement for Society Registration

Get ready with the following documents for society registration:

• Memorandum of Association and Articles of Association with by-laws
• Proof of Registered Office including NOC from landlord and Rent Agreement in case of Rented premises
• List of all the members
• PAN Card of all the members
• Identity and residence proof of all the members
• A declaration by the president of the proposed society stating that he is competent and willing to hold the prescribed post

Step by step Procedure of Society Registration

A Society can be registered by a minimum of 7 or more persons including companies as well as other registered societies. A Society can be either registered or unregistered, However, only registered societies gets legal recognition . Registration of society takes place through state governments. Hence, the application for registration of society must be given to the specified authority of the state in which the registered office of the society is situated. Now let’s begin the step by step journey of society registration:

• Step 1: Finalization of a name
  The first step before registering a society is to select a unique name for the society. The name must not be identical or similar to an already existing registered society and shall not suggest any patronage of state government or central government.
• Step 2: Draft the Memorandum of Association
  The next step is to draft Memorandum of Association as per Section 2 of the Society Registration Act, 1860 which must include the following:
  • Name of the society
  • Registered Address of the Society
  • Area of operation of the society
  • Objects of the Society for which it is formed
  • Name, address and other relevant details of the directors, members or other councils of the governing body who shall be regulating the management of affairs of the society
  • Name of the governing body
  • Desirous Persons
    In addition to Memorandum of Association, a copy of the rules and regulations of the society has to be filed which must be certified by at least 3 members of the governing body
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• Step 3: Preparation of other necessary documents
  Documents relating to cover letter, declaration, minutes of the meeting, ID and residence proof of members must be affixed as per the Society Registration Act, 1860
• Step 4: Filing of documents with the Registrar
  Once all the documents have been prepared, you cab submit it to the concerned state Registrar along with the prescribed fee. If the registrar is satisfied and finds all the information to be genuine, it will register your society.
  It takes around a month for your society to get registered.
  Looking for Society Registration in Rajasthan or any other part of India? Contact Legal Window now

Compliances after Society Registration

Once your society is registered, you must comply with the following:

• Obtaining PAN Card of your Society
• Opening a Current Bank Account on the name of society
• Accounting and Bookkeeping
• Annual Income Tax Filings
• Registration under Professional Tax, if applicable
• GST Registration, if applicable
• AGM Resolution, accounts and members list to be filed with Registrar of Firms

Conclusion

We believe society registration is important for the promotion of arts, science, literature, charitable purpose in a legal manner. Society, if registered can avail a number of benefits and can also get additional tax exemption benefits.
In case you want any kind of legal guidance relating to Society registration right from selecting a name for society till compliances of society, then you may contact Legal Window.