If you are planning to form a society in India, the first step is to register it under the Societies Registration Act, 1860. Society registration is crucial as it gives legal recognition to the organization and helps in obtaining various benefits, such as exemption from income tax, foreign funding, and more.
However, the registration process can be complex and confusing, especially for those who are new to it. In this blog post, we will provide a step-by-step guide to society registration process in India. So, let's get started!
Step 1: Drafting the Memorandum of Association and Rules
The first step in the society registration process is to draft the Memorandum of Association and Rules. The Memorandum of Association is a document that outlines the objectives and goals of the society, while the rules specify the internal functioning and management of the organization.
Step 2: Choosing the Name of the Society
Once the Memorandum of Association and Rules are drafted, the next step is to choose a name for the society. It is advisable to select a unique and distinctive name that reflects the objectives of the organization.
Step 3: Getting Signatures from Members
After finalizing the name, the society founders need to get signatures from at least seven members of the organization. These members should be the first governing body of the society, and their signatures must be on the Memorandum of Association and Rules.
Step 4: Submitting the Documents to Registrar of Societies
The next step is to submit the documents to the Registrar of Societies. The application for registration should be made in the prescribed format and accompanied by the Memorandum of Association, Rules, and a list of members who have signed the documents.
Step 5: Payment of Registration Fees
Once the documents are submitted, the society founders need to pay the registration fees. The fees vary from state to state, and it is advisable to check with the Registrar of Societies for the exact amount.
Step 6: Verification and Approval of the Documents
After the payment of fees, the Registrar of Societies will verify the documents and may ask for additional information if needed. Once satisfied with the application, the Registrar will approve the registration of the society and issue a Certificate of Registration.
Step 7: Obtaining PAN and Bank Account
After obtaining the Certificate of Registration, the society can apply for a Permanent Account Number (PAN) and open a bank account in the name of the organization. This will enable the society to operate and carry out its activities.
Conclusion:
In conclusion, the process of society registration can seem daunting, but it is a necessary step for any organization that wants to operate legally and obtain various benefits. By following the above steps, one can ensure a smooth and hassle-free registration process. If you have any questions or need further assistance, it is advisable to consult a legal expert or a professional service provider for society registration.