Introduction
Societies the organized groups of people who work towards the non-profitable welfare and for the society's development which plays an important role in shaping the fabric communal. To get legal identification the societies must register themselves which also provides them the tax exemptions.
What is the Society Registration Act, of 1960?
For registering societies in Karnataka, they must follow the Societies Registration Act, 1960 which governs the registration of societies in India. By ensuring the legal norms of the societies, this legislation makes possible the registration of the literary, charitable, and other societies. Any society can register under this act if the society formed with the intentions of charitable, aimed to provide financial support to their members for business, or trade.
Benefits of Society Registration in Karnataka
Legal Recognition- By registration the society or the non-profit organization can recognize as a legal person with their rights and obligations.
Funds and Resources Access- Many Government authorities and other private foundations before providing financial help, funds they ask for the registration certificate.
Limited Liability- For taking Limited Liability status they have to register as a society.
Trust and Credibility- By taking the Registration they raise the organisation’s credibility and also build trust with the partners, donors and the general public.
Tax Exemption- By registration they also get the tax benefits.
Documents Required for Society Registration in Karnataka
The Society that wants to register must submit the important details in Form A.
Make a Memorandum of Association which is duly attested by the subscribers
Make the rules and regulations which govern the society.
In the Memorandum of Association, there must be the photographs and the signatures of committee members.
Provides information regarding the initial meeting which is held for establishing the society.
Identity proof and the address with Aadhar Card or Voter ID or Driving License.
Notarised with Rs. 20 E- E-stamp paper of submitted information.
Society Registration Process in Karnataka
Documentation- Before initiating the process of Registration must prepare the important documents. Application may be rejected if the documents are incomplete.
Selecting Unique Name- After the documentation part you must choose the name for the society that matches the objectives of the society and has a distinctive nature that was not registered earlier. A unique name is essential for the society.
Drafting a Memorandum of Association (MOA)- All the details of the society must be in the Memorandum of Association (MOA). The purpose of this is to show the connections of the society with their shareholders and show the purpose of the establishment.
Rules and Regulations- Make rules that will be followed by all the members of the society and also state the internal affairs of the society. The rules and the regulations must be signed by at least three members of the board of the society.
Application for Registration of Society- To the Registrar of Society submit your application, with the duly signed MOA by the members of the society. Where the applications also attach the rules of society and declarations of affidavit papers of KYC of the society’s members.
Certificate for Issuance of Society of Registration- After receiving and reviewing the application, the registrar may either grant approval or request additional information if necessary.
Fee For Society Registration in Karnataka
For State level Registration for society- Rs. 18,000
For National Level Registration for Society- Rs. 23,000
Eligibility Criteria for Society Registration in Karnataka
For the formation of society, a minimum of 7 members are required for initiation.
There must be common objectives between the members which must align with social, cultural, literary, scientific, or other non-profit objectives.
There must be a non-profit intention in the mind of the members with the primary purpose should be to promote the community welfare.
The Society must follow the applicable legal framework
It is necessary for all the members they possess the legal capacity to enter the contracts.
How to Check Online Status of Society Registration
Firstly, go to the official website of the society registrations which are governed by government authority.
Then go through the website for the option status check or a similar term.
After that provide all the required details for the verification which may include the registration number or other information.
After entering all the required details proceed by clicking check status.
Society Registration Renewal in Karnataka
Society Registration is valid for one year initially and after that renewal is necessary.
It is mandatory to renew the Society registration otherwise there is a chance of losing the certificate of registration.
Conclusion
Registration of Society is a vital legal framework that organizes the groups with the same objectives. Registration of society provides transparency and accountability by registering themselves under the Society Registration Act, of 1960.
eStartIndia will help you to apply for your Society Registration from the comfort of your home.
Leave a Comment
Previous Comments