Society Registration Online Procedure and Documents
Society registration is an essential process that gives legal personality to your organization, allowing it to own property, enter into contracts, and sue or be sued. It also enables you to access funds easily.
The first step is to select a unique name for your organization. This should be researched thoroughly to ensure that it is not deceptively similar or identical to an existing society.
Name of the Society
The name of the Society must be unique and convey its purpose. It should also not be similar to any existing society or NGO or a registered or applied trademark. If the name of the Society is similar to an existing one, it may result in the Society being denied registration.
To apply for the registration, the members of the society need to submit a copy of their cleanly typed Memorandum of Association and Rules and Regulations. The application needs to be signed by all the members of the governing body. In addition, a list of all the members along with their signatures and their occupations must be provided.
A separate bank account must be opened, and the membership fees and share capital must be deposited in it. The society must also prepare an internal rule book. This book will include all the applicable rules and regulations of the proposed society. The registrar will check these documents and approve them before giving them a certificate of registration. This process takes about three days. Moreover, the registrar will decide whether the society requires further information or documents before giving it a certificate.
Memorandum of Association
A memorandum of association is a document that describes the purpose of a non-profit organization. It also contains the names of the founding members and their responsibilities. The document must be signed by all the founding members to ensure its authenticity. The document must also include a statement of authorized capital, indicating the maximum amount of authorized shares that can be generated by the company.
A memorandum of association is required for society registration as it gives the society a legal personality. It enables the society to own property and enter into contracts. It can also sue or be sued in its name. This allows the society to safeguard the interests of its members.
The memorandum of association must be drafted in accordance with the guidelines laid out by the Registrar of Companies. It must mention the registered office of the society. It must also state whether it will be a public or private limited company, as well as the number of directors and shareholders. Moreover, the memorandum of association must be dated and signed by all founding members.
Rules & Regulations
A society needs to have documented procedures for handling internal disputes. These can include the method for selecting members for a committee and the process for updating the constitution. The registrar cannot interfere in such matters, but it is the responsibility of the society to have these procedures in place.
A governing body must set out the society’s objectives and procedures in its Memorandum of Association. It should also set out the rules & regulations that govern the society’s activities and finances. The governing body must approve these documents before they can be filed with the registrar.
After the drafting of these documents, they must be submitted to the registrar along with the requisite fees in two copies. Once the registrar has verified and accepted these documents, he or she will issue an incorporation certificate. It is important for societies to be registered, as they offer several benefits, including protection against legal liabilities and eligibility for grants & donations from the government. Also, societies that are registered are required to pay taxes just like any other business entity.
Address Proof of the Society
An accurate address proof is a vital document in the society registration process. It should clearly display the date of issue and the name of the signatory. This information is critical to verifying the authenticity of the document during the submission and in-person verification process. Accurate address details can help reduce processing delays and rejections.
Getting your society registered will give it access to funds and investors, creating credibility and trust in the market. It will also enable you to take advantage of government subsidies and tax exemptions. In addition, it will ensure compliance with GST and professional tax regulations.
There are several documents required to register a society, including the Memorandum of Association and the Rules and Regulations. In addition, you will need to provide a list of members and affidavits from the office bearers. You will also need to obtain a PAN card, open a bank account, and maintain proper bookkeeping records. Our team of professionals will guide you through the process, ensuring your application is complete and correct. We offer expert guidance, documentation assistance, legal compliance, and customized solutions.
No Objection Certificate
Society registration is important for non-profit organizations and can help them operate in a more streamlined manner. Registered societies have access to government funding and can also benefit from tax exemptions. In addition, they can use their money for a wider range of purposes. Moreover, they can build or maintain libraries, reading rooms, and public museums or galleries. Our team of experts helps clients with society registration by providing documentation assistance, customized solutions, legal compliance, and post-registration support.
We also assist with society renewal applications, including the submission of verified photocopies of the current audit report. This should be provided by a government auditor or a chartered accountant and attested by the society’s annual general meeting. Furthermore, the renewal application should include utilization certificates detailing the society’s use of semi-government or government funds that have been received before or at the time of the application.
The no-objection certificate is a necessary document that enables the members to work abroad, change their jobs or educational institutions, pursue higher studies, and more. However, it is important to remember that not all authorities and institutions require an NOC.
