Registering a Society online is quick, easy, and can be done online with Vakilsearch in 3 simple steps:
A society is an organization in which a group of individuals with similar interest come together to perform some functions. The said societies are governed by the Societies Registration Act of 1860 and the said act is amended by the respective states. The societies are registered and governed as per the said act. Registration of society is required to promote the fine arts, science, literature, or knowledge sharing for a purposeful matter or for charity. On the other hand, society is also formed for the maintenance of a residential or commercial complex or for creating the Apartment Association.
For registering a society, the following criteria must be fulfilled:
A trust shall after its registration shall do the following:
There is a general notion that society need not pay tax as they work towards the welfare of the public at large. But this is not true. A society, like any other legal entity, is liable to pay tax. In order to be exempted from tax, a society is required to obtain certification for the said exemptions such as Section 12 A, 80G etc. from the income tax authorities.
Just tell us a little bit about your business and you'll have the registered trust deed in 20 working days (subject to government approval). It's that simple. In addition to yours, we'll be handling around 400 requests this month.
We make your interaction with the government as smooth as is possible by doing all the paperwork for you. We will also give you absolute clarity on the process to set realistic expectations.
Our team of experienced business advisors are a phone call away, should you have any queries about the process. But we'll try to ensure that your doubts are cleared before they even arise.
New Rules Impose Restrictions on NGOs and Other Registered Societies To Get Foreign Funding
Nov 13, 2020
As per the new rules introduced by the Centre, organisations and NGOs seeking foreign funding must submit a ‘commitment letter’ from the foreign donor, indicating the amount and the purpose. Furthermore, if the amount is over Rs 1 crore, the amount may be given in instalments. However, the second and subsequent instalments can only be released if proof for the utilization of 75% of the first instalment has been submitted, and after field inquiry for the utilization has been completed. Also when registering under the Foreign Contribution Regulation Act (FCRA), the rules state that an organisation must have been in operation for at least three years and spent a minimum amount of Rs 15 lakhs for the benefit of society during the last three financial years.
Annual General Meeting till December
29th July: In Tamil Nadu, the registered societies have been allowed time till December to conduct the Annual General Meeting. The Registration department has extended the deadline.
10th April: Co-op housing societies in Mumbai register online for grocery & veggies delivery
Now cooperative housing societies can register online with Maharashtra Cooperative Development Corporation Limited and order grocery and vegetables online. This is an initiative to make successful social distancing.