Society Registration

Society Registration

What is the meaning of registration of society?
Any seven or more persons associated for any literary, scientific, or charitable purpose, or for any such purpose as is described in section 20 of this Act, may, by subscribing their names to a memorandum of association, and filing the same with Registrar of Joint-stock Companies form themselves into a society .
What is the benefit of society registration?
Due to being registered, the society becomes a legal entity itself with rights including the ability to buy, lease, sell a property, borrow money from the bank with its own account, as well as earn some income tax exemptions under the Income Tax Act..

Document Required for Society Registration

PAN Card of all the members .
The residence proof of all the Society's members has to be submitted such as bank statement, utility bank, passport, Aadhaar Card, or Passport..

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