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5 Simple Steps

For Societies Company Compliance

Documents For Societies Company

Compliance

Auditors ReportDSC (Digital Signature Certificate)
Board Minutes

Mandatory Compliances for Society Company

Association Memorandum

Societies need to file the association memorandum with inclusions such as society name, society object, address, directors, committee, etc.

Annual List of Managing Body

Societies also need to file once every year, the annual list for meetings held in the societies.

Notice of change

Each society registered company needs to provide the notice of change of the location within a term of 28 days after the change.

Copy of bye-Laws

Each society company needs to deliver the Bye-Laws copy for each member during admission time.

General Body Meeting

Each society company needs to record all the minutes of its General Body Meetings and communicate the same to each member.

Mortgages Register

Each society company needs to keep the mortgage register at its office with details of charges and mortgages.


About Society Company Compliance


Societies are companies formed when a group comes together in order to accomplish common purpose/charitable cause. These types of societies mostly come together for several charitable causes which include literature, science, performing fine-arts, Library maintenance, Knowledge, Military orphan funds, Gallery and museum maintenance, charitable assistance grant, etc. A minimum of 7 people are required to create a society that are governed under “Societies Act, 1860”. The rules & regulations for societies differ from one state to another.

  • Basic Package
  • 35499 __
  • Bookkeeping+ financial statement preparation+ annual report / director’s report / board resolution preparation+ FCRA Registration and filing+ income tax return filing+ statutory audit+ 1 year dedicated compliance manager support (for a company with a turnover of less than Rs.50 lakhs per annum).
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  • Standard Package
  • 45499 __
  • Bookkeeping+ financial statement preparation+ annual report / director’s report / board resolution preparation+ FCRA Registration and filing+ income tax return filing+ statutory audit+ 1 year dedicated compliance manager support (for a company with a turnover of less than Rs.100 lakhs per annum).
  • Get Started
  • Premium Package
  • 65449 __
  • Bookkeeping+ financial statement preparation+ annual report / director’s report / board resolution preparation+ FCRA Registration and filing + income tax return filing+ statutory audit+ 1 year dedicated compliance manager support (for a company with a turnover of less than Rs.200 lakhs per annum).
  • Get Started
Frequently Asked Questions
What are the things to be kept in mind while proposing a name of the society?

The things to be kept in mind while proposing a name for the society are:
1.The name of the society proposed should not attract the provisions of The Names and Emblems (Prevention of Improper Use) Act 1950 i.e the name proposed should not imply any connection with Government of India, or Government of State or any connection with legal authority.

2.The name proposed for the registration of the society should not be identical to name of any other society which has already been registered or resembles such name likely to deceive the public or the members of the society.

3.There is prohibition of use of any name, emblems, official seals specified under the Names and Emblems Act without permission of the appropriate authority.

4.There is prohibition of the use of the name of the national heroes or other names mentioned in the Names and Emblem Act,1950 .

5.The registrar of Societies can be approached with alternative names to ascertain whether the same are not undesirable and are not being used by any other existing societies.

6.The name of the Society should not suggest obscenity or be against decency and decorum. It should not be undesirable in the opinion of the Registrar.

Who all can form a society?

A society can be formed by “Any Seven or more persons associated for any literary, scientific or charitable purpose, or for any such purpose as described in Section 20 of this Act, may, by subscribing their names to a memorandum of association, and filing the same with registrar of Joint Stock Companies (The word Joint Stock Companies has been replaced by respective state acts as either Registrar of Societies or Inspector General of registration or as the respective State Act may specify) form themselves into a society under this Act”.

What is the eligibility to form a society?

Apart from individuals the following persons are also eligible for subscribing to the memorandum of the society:

  • Foreigners: foreigners can subscribe to the memorandum of the society.
  • Partnership firm: The position of Partnership firm regarding its eligibility to subscribe to the memorandum of the society is not clear from provisions of the Partnership Act 1932, Societies Registration Act 1860 or any other judicial decision. However simple analogy can be drawn by keeping in view the provisions of Sec 25(4) of Companies Act, 1956 which permits a partnership firm to become a member of a Section 25 company and provides that the firm may be a member of any association or company registered under the provisions of the Companies Act 1956. However on dissolution of the firm, the membership of the firm to such an association or company will lapse. Therefore drawing a parallel from the above, we may deduce that a partnership firm may subscribe to the memorandum of society.
  • Limited company: Company can subscribe to the memorandum of society.
  • Registered society: A registered society can subscribe to memorandum of association of proposed society.
What is the purpose for which a society can be formed?

According to Section 20 of the Societies registration Act 1860 the society may be registered for the following purpose:

  • Grant of charitable assistance.
  • Creation of military orphan funds.
  • Societies established at the general presidencies of India.
  • Promotion of science, literature, fine arts, instructions or diffusion of useful knowledge, diffusion of political education, foundation or maintenance of libraries, public museum and galleries of paintings, works of art, collection of natural history, mechanical and philosophical inventions, instruments , designs.
What is a memorandum of Association of a society?

The memorandum is the charter of the society. It contain the:

  • Name of the Society.
  • The objects of the Society.
  • The names, addresses and occupation of the members of the governing body.
  • The place of the registered office of the Society.

The memorandum also contains the names, addresses and full signatures of the seven and more persons subscribing their name to the memorandum of association.


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