Societies are registered under the Societies Registration Act, 1860. The main instrument of any society is the memorandum of association and rules and regulations. A Society needs a minimum of seven managing committee members; there is no upper limit to the number managing committee members. The Board of Management is in the form of a governing body or council or a managing or executive committee. The Objects are Literary, Charitable, Scientific and resource oriented etc.
Benefits of Society Registration?
Easy To Form
No Obstruction for Membership
LIMITED LIABILITY: In most cases, the liabilities of the members of the society are limited to the extent of capital contributed by them. Hence, they are relieved from the fear of attachment of their private property, in case of the society suffers financial losses.
MANAGEMENT: The cooperative society is managed by the elected members from and among themselves. Every member has equal rights through its single vote but can take active part in' the formulation of the policies of the society. Thus all member are equally important for the society.
Frequently Asked Question
Submission of following documents to “The Deputy Director/Registrar (Firms and Societies)” Deptt. of Industry, Govt. of Delhi, C.P.O. Building Kashmere Gate, Delhi.
- Request letter to register a society under SR Act 1860.
- Two sets of memorandum of Association including (i) List of Proposed governing body & (ii) List of Desire’s Persons (founder members of the society) - All pages to be signed by atleast seven members. Desirous persons or the person subscribing the names of the memorandum should not be (in any case) less than seven. If it is proposed to give all India character to the society there must be minimum of eight different persons from different States of Indian Union to the memorandum.
- Two sets of Rules & Regulations framed for the functioning of the society.
- Affidavits (on ten rupees stamp paper from President/Secretary society regarding the name/ title of the society.
- Copy of residence proof of all desirous persons.
- Copy of Proof of identification of the desirous persons.
- Proof of ownership of the registered office of the society and no objection certificate (on ten rupees stamp paper)
- A copy of the report of the proceedings of the General meeting at which the registration of the Society was resolved.
- Obtaining a PAN card for the society from the Income Tax Department.
- Opening a Bank account for the society for the regulation of funds of the society.
- Getting the exemption under Section 80 (G) of the Income Tax Act for exempting the donations from taxation.
- Getting clearances from RBI for receipt of foreign funds in the society.