Licenses required for business. Our experts provide guidance regarding various licenses & registrations required for business.
Society Registration, under, The Society Registration Act, in India, lays down certain procedures for the sake of society registration & operation. This act was implemented with the purpose of augmenting the legal stipulations of society registration for the advancement of literature, fine arts, science or distribution of awareness for bountiful purposes.
Societies are generally 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, etc.
Accordingly, a minimum of 7 individuals are required to register a society as against 2 individuals in case of a Trust. Also, the registration application to be filed with the registrar of companies must include the Memorandum of Association. Furthermore, it should also contain rules and regulations of the society. Thus, the Memorandum must contain the following components:
Also, a document containing rules pertaining to termination of members, meeting of the society etc also needs to be submitted.
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