A society is a group of people formed as a separate organization that has a charitable or benevolent purpose for either the public or its members. To form a society, seven people must subscribe to a Memorandum of Association and register the society with the Registrar office. The Memorandum of Association must include details like membership procedures, governing body structure, and meeting procedures. After registration, a society can apply for a PAN card and must submit annual accounts. A society has perpetual existence and can sue or be sued in its office bearer's name.
2. What Is a Society?
A group of people formed as a separate
organization and which has as a stated purpose some
charitable or benevolent purpose either in regards to
the public at-large or in regards to the common
interests of the members, and which operates as
nearly as possible at cost.
3. What are the 7 things to know
to form a society?
A society shall be registered with the Registrar office under Societies
Registration act 1860 (A separate Registrar of Societies will be in
your area). Only for Maharashtra state it’s different and it shall be
registered with Charity commissioner.
Any seven persons who subscribe to a Memorandum of Association
(MOA) can register a society. Each designated persons will be elected
by election 3 years once or as specified by the about society
document.
4. Registration of society is undertaken by a basic
document of Memorandum of understanding and
Articles of Association with the specified rules and
regulations –
This should include details such as the procedure
for enrolling and removing various categories of
members, procedure of forming the governing body,
conduct of meetings, election and removal of office
bearers, procedure for conducting annual general
body meetings, etc. The MOU also consists of
Name, occupation and address of all members and
with the rights, power, duties and responsibilities of
each members and governing body.
5. After registration of society, you shall apply of PAN
CARD if required. Any way each year one has to submit
the accounts to the Registrar of societies.
As per the Societies act, the Governing body meeting
and Annual general meeting should be conducted.
Governing body members are entrusted the
management of the affairs of the society. Whereas the
General body member duties include election of
Governing body members, alteration of name,
objects, rules and regulations if necessary.
6. Even a foreigner can be a member of a society in India.
Non-filling of names, addresses and occupation of
Governing body members, council, directors,
committee entrusted with management of the Society
or willfully furnishing false information or return or
refusing or neglecting to send audited income and
expenditure statement and information are offences
of the Society which is penalizable.
The society has a perpetual existence and common
seal, and can sue or be sued in the name of the office
bearer as prescribed under its rules (sec.6). This
enables its effective participation in public life.
7. The society can sue and can be sued; the
liability of the members is limited, as no
judgment can be enforced against the
members’ private assets. The purpose and
object of the society shall be literary, scientific
or charitable purpose.
The membership of the society may be kept
open (or by invitation) to anybody who
subscribes to its aims and objectives, for
which a fee may be charged.