A society comes into existence when a pool of individuals jointly works for a common purpose or a charitable cause. A minimum of 7 Indian nationals can form a society in India as per the 'Societies Act, 1860.'
A society is an organized group of individuals whose main purpose is to serve the society and not to earn profit. In this, a group of individuals comes together to serve the society. A society is an association that is united by mutual agreement to work together for a common purpose. In India, the societies is registered to promote charitable activities like education, art religion culture music sports etc.On the other hand , society is also formed for the maintenance of a residential or commercial complex or for creating the apartment association . Socity is governed by the Societies Registration Act of 1860. Indian Society Registration Act of 1860 was applicable in India under British raj. But it is still applicable in India. Under the Act Committee any association of 7 or more people related to any literary scientist or charitable purpose can be formed. The name and address of the members of the society and the governing body of the society should be duly signed by all members of the society for their consent.
The Institution Registration Act 1860 has been adopted by most state governments without other amendments. In India, a society can be formed by minimum 7 or more persons. Apart from the people of India, foreign companies can also take membership. It is mandatory to have a unique name for registering any society under the Indian Society Act.It is also important that the society should be named after the consent of all the members of the society. It is compulsory for societies to have a memorandum of association. It is mandatory for societies to make rules and regulation the societies with their memorandum, rules and regulations have to be signed and attested by every registered member of the society witnessed by the oath commissioner, notary, and first class magistrate.
Grant of charitable assistance Creation of military orphan funds Promotion of:
A society comes into existence when a pool of individuals jointly works for a common purpose or a charitable cause. A minimum of 7 Indian nationals can form a society in India as per the 'Societies Act, 1860.'
The Societies Registration Act refers to legislation under which a society is legalized & formed by MOA.
'Societies Act, 1860' defies the concept of society incorporation by the family members.
A society empowers its founding members to sell the property of a society only if the seller pays standard fees & address the liabilities of the society. The transfer fee, entry fee or membership fee are common expenses that a seller needs to address to make the property's transfer successful.
In Maharashtra & Gujarat, the registered society can also operate as a trust under the Bombay Public Trusts Act, 1950.
The consent of three-fifths of the members of the society is enough to initiate the winding-up procedure of the society.
The Societies Registration Act, 1860, was enacted to better the legal implications of society's registration. Further, it seeks to foster literature, fine arts, or science to spread insightful knowledge for charitable purposes.
MOA of registered society entails the signature of the founding members along with the seal of the concerned authorities.