- Societies Are Governed By Societies Registration Act.
- 7 Persons Are Required To Form A Society With No Upper Limit.
- Members Must File A MOA On Non-Judicial Stamp Paper, Setting Out The Objectives Of The Society Before The Registrar In The State In Which The Society Is Set Up.
- The Legal Requirements Are Much Simpler Than In The Case Of A Trust Or Section 25 Companies.
- Easier To Wind Up A Society.
The trust registration fee depends upon the value of the property which is the subject-matter of trust.
Benefits of Society Registration in India
In India, registering a society can have several advantages for the well-organized operation and official acknowledgement of organizations founded for philanthropic, artistic, scientific, or cultural reasons
Legal Recognition
When a society registers, it becomes legally recognized and may operate independently of its members. This gives the group's actions legitimacy and genuineness.
Perpetual succession
A registered society has perpetual succession, which means that even if its membership changes, it will always exist and be able to carry out its goals and operations.
Limited Liability
Members of societies that are registered are subject to limited liability. In general, their personal assets are shielded from any legal obligations the society could have when conducted business.
Access to finances and Resources
For social and other objectives, registered societies have increased access to finances, grants, contributions, and resources from public and private entities.
Tax Exemptions
Societies that are registered as charitable organizations are eligible to get tax exemptions on revenue earned for such purposes. Tax deductions are also available for contributions given to recognized societies.
Credibility and Trust
Among funders, members, stakeholders, and the general public, registration increases credibility and trust. It creates a formal framework that guarantees that society's actions are transparent.
Benefits related to the law
Under the Societies Registration Act, registered societies are granted access to legal remedies and processes, which empower them to use the legal system to defend their rights and interests.
Management and Governance
Establishing appropriate governance frameworks and guidelines, encouraging improved management techniques, and guaranteeing member responsibility are all necessary for registration
Social Impact
Registered societies can address community issues, influence good social change, and carry out charity endeavours in a more coordinated and efficient way.