Societies are most simplest form of non government organisation, carrying out its activities for non profit purpose. Charitable societies may contain following:
the military orphan funds or societies established at the several presidencies of India,
societies established for the promotion of science, literature, or the fine arts for instruction,
the diffusion of useful knowledge, 1 [the diffusion of political education],
the foundation or maintenance of libraries or reading-rooms for general use among the members or open to the public or public museums and
galleries of paintings and other works of art, collections of natural history, mechanical and philosophical inventions, instruments, or designs.
Society is a separate legal entity. It can buy, sell, rent or lease any property, borrow money, enter into contracts using its name.
It is having perpetual status, i.e even if a member leaves or is replaced with a new member, the entity remains functioning
Any single member is not liable to pay for the debt, contract or any other obligation
A society enjoys various exemptions from Income tax
Minimum of 7 or more persons
The founder members have to agree on a name for the society
The members have to prepare the Memorandum and Rules and Regulations of the society
The following documents are prepared, signed and submitted for society registration. Covering letter requesting registration of the society, signed by all founding members. MOA of the society in duplicate along with a certified copy. Rules and regulations of the society in duplicate along with a duplicate, duly signed by founding members
Affidavit by the president or secretary of the society stating relationship between the subscribers
Address proof of the registered office of the society. The signed MOA and rules and regulations are filed with the Registrar of societies.
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All members of society needs to sign the memorandum of society Contact us Now.
there are basic rights such as voting, receive the notice of every meeting, receive a copy of bye-laws, receive financial statements, attend general meetings of societies.
Whole purpose of society will be defited if members are allowed to take share in societies profits
Yes, it can be done by calling extraordinary general body meeting, if majority votes in favor.