Introduction

According to section 20 of the Societies Registration Act, 1860, the following societies can be registered under the Act: charitable societies, 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, 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, collection of natural history, mechanical and philosophical inventions, instruments or designs.

Have separate legal entity?

yes

Minimum requirements to establish

7 people

Name of Society

Members have right to choose any name except some names which are restricted as per the Emblems and Names (Prevention of Improper use) Act, 1950.

Minimum Capital Required

No fixed, as per contribution

Minimum & Maximum members required

Minimum 7 & no maximum explained

Transfer to other

As per rules

Registration required

Yes, under the Societies Registration Act, 1860

Required documents to starting business

1. PAN Card of all the members

2. The Residence Proof of all the members

3. Memorandum of Association which will contain the following clauses and information:

• The work and the objectives of the society

• The details of the members forming the society

• It will contain the address of the registered office of the society

4. Rules and regulations/Articles of Association which will contain the working of the society will be governed and the maintenance of day to day activities, information about the Auditors, Forms of Arbitration in case of any dispute between the members of the society, ways for the dissolution of the society will also be mentioned etc

5. Founder Members submit a covering letter mentioning the objective or the purpose for which the society is being formed will be annexed to the beginning of the application.

6. A copy of the proof of address where the registered office of the society

7. A list of all the members of the governing body has to be given along with their signatures.

8. A declaration has to be given by the president of the proposed society that he is willing and competent to hold the said post.

Bank Account

Society will be open a saving or current bank account with name of society

Winding up

as per given in rules/article

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Step 3

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