An institution of non-commercial nature for promotion of numerous charitable activities like education, art, religion, culture, music and sport etc. is known as Society. It has been described as a company or association of persons united together by mutual consent to deliberate, determine and act jointly for common purpose. Society is governed by the Societies Registration Act, 1860.
Formation of Society
Minimum seven or more persons, eligible to enter into a contract can form society for various bona fide purposes. Besides individual, following persons are eligible to form a society by subscribing to the memorandum of a society:
2. Partnership firm
3. Limited company
4. Registered society
Purpose for Which Society Can Be Formed
A society can be formed for the charitable cause. These societies are mostly formed for the promotion of the following charitable causes:
(iii) Performing fine Arts
(iv) Maintenance of Libraries
(v) Military orphan funds
(vii) Maintenance of Museums and galleries
(viii) Grant for charitable assistance
(ix) Any other cause as may be approved by the Government
Checklist for Registration of Society
(i) Check whether the persons proposing to form a society have prepared a draft of the memorandum and rules and regulations.
(ii) Check whether all subscribers have signed each page of the memorandum and the signature has been witnessed by a Commissioner, Notary Public, Gazetted Officer, Advocate, Chartered Accountant or Magistrate First Class with their rubber or official stamp with their complete address.
(iii) Check whether the followings documents have been filed with the registrar of the society:
A covering letter mentioning the objective or the purpose for which the society is being formed.
Memorandum of Association in duplicate along with a certified copy.
Rules and regulations.
A list of all the members of the governing body has to be given along with their signatures.
PAN Card of all the members of the proposed society.
The Residence Proof of all the members of the proposed society.
A copy of the proof of address where the registered office of the society will be located along with ‘No Objection Certificate’ from the owner of the society.
A declaration has to be given by the president of the proposed society that he is willing and competent to hold the said post.
(iv) Check whether the requisite fee has been paid to the Registrar of Society.
(v) On proper vetting of documents, the Registrar will issue an Incorporation Certificate by allotting a registration number to it.