A society is an organization where people who share common interests together to carry out specific tasks. The Society Registration Act 1860 governs the societies above, and the individual states update the act. The societies are registered and governed by the law. A society must be registered to promote the fine arts, science, literature, or information exchange for a purposeful cause or charity. On the other hand, society can be founded to maintain a residential or commercial complex or form an Apartment Association.
The basic criteria must be met in order to register a society:
A state society must have a minimum of seven members.
The location of the society's registered office situated in respective area of District Registrar having jurisdiction on such society.
The Societies Registration Act of 1860, governs the societies.
The property of the society is held in the name of the society and can be sold according to the terms outlined in the society's bye-laws.
According to the society's bye-laws, upon dissolution and after payment of all obligations, the society's assets and liabilities, as well as its funds and property, may not be dispersed among the members but must instead be given or transferred to another organization, preferably one with similar objectives.
General Body, Executive Committee (President, Vice President, Secretary, and Treasurer) and all other members.
Following its registration, a trust must undertake the following:
There is a widespread belief that society does not need to pay taxes because everyone works for the common goal. This is not the case, however, a society, like any other legal body, owes taxes. Society may get certification from the income tax authorities for exemptions such as Section 12A, 80G, and others to be tax-exempt.
No, society can have as many members as it wants. According to the Society Registration Act, there is no upper limit. However, a minimum of 7 members is required.
Yes. Government employees and officers are allowed to join NGOs as long as the organization is not anti-government. There are some regulations that members must follow, one of which is to ensure that the organization is not profit-making and that the members do not receive any compensation from the NGO.
NGOs can be registered as Trust or Section 8 corporations, depending on their purpose and objectives.