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.’
In India, Societies are registered under the Societies Registration Act, 1860, which is governed by the state Act and all societies are bound to abide by the rules and regulations under the respective state governments.
The main instrument of any society is the memorandum of association and rules and regulations (no stamp paper required), wherein the aims and objects and mode of management (of the society) should be enshrined.
A Society needs a minimum of seven managing committee members; there is no upper limit to the number managing committee members. The Board of Management is in the form of a governing body or council or a managing or executive committee
The Societies Registration Act, 1860 is an act for the registration of literary, scientific and charitable societies. The object of the Act as stated in the preamble is to make provision for improving the legal conditions of Societies established for promotion of literature, science, fine arts, for diffusion of useful knowledge or for charitable purposes.
Such an association has to be registered since it gives the society a legal status and is also essential for:
- Opening bank accounts
- Obtaining registration and approvals under Income tax act
- Lawful vesting of properties of societies
- Recognition to the society at all forums and before all authorities
Obtain help of Professionals & Subject matter experts at CFO Affairs to understand the intricacies involved in the registration. We are more than happy to educate you and make your entity registration a hassle free process.
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