Societies are usually registered for the advancement of charitable activities like sports, music, culture, religion, art, education, etc. It is a combination of several people who come together for the benefit of society.
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. The society registration act, 1860 has been accepted by several state governments without or with further amendments. The cost mentioned here is for Delhi NCR jurisdiction, however it may change according to the circumstances.
Tax exemption is one of the significant benefits of NGO’s. Whether it’s Trust, Society, or Section 8 Company, every NGO is exempted from paying Income Tax.
In the case of NGOs, these are exempted from any stamp duty during the registration process of the company. they do not need to pay stamp duty on their bye laws.
An NGO has a separate legal entity from its members. It implies that the members are only responsible for the decision and action undertaken by them and not by the members.
The liabilities of the members are limited to their amount of shares only due to feature of separate legal entity of Society. Personal account of member will not attache here.
It’s easier to start an NGO when compared to others as there are many donors who have keen interest in supporting NGOs. Therefore, there won’t ever be lack of resources.
Its quite easy to operate a society in India, Society registration is easy procedure and also not required much post registration compliances as compare to other entity.
It became easy, just follow these steps to get your work done