Society Registration is obtained under the Society Registration Act, 1860. Further, this comes with various benefits like the status of legal entity, several tax exemptions, etc. It is obtained by those entities or groups who work for the benefits of society by providing benefits such as education, health, employment.
Society can be formed with a minimum 7 or more persons.
The following documents are required for Society Registration:
As per the Indian Trust Act 1882, a Trust is an arrangement where the owner (trustor)
transfers the property to someone else (trustee) for the benefit of a third person (beneficiary).
Such a property is transferred by the trustor to the trustee along with a proclamation that
the trustee should hold the property for the beneficiaries of the Trust.
It is a trust whose beneficiaries include the public at large. Further, a Public Trust can be further subdivided into Public Charitable Trust and Public Religious Trust.
Public Trust is the most convenient way of starting a non-governmental organization or NGO.
A trust functions on the objective of eradicating poverty, providing education to the underprivileged
and offering medical relief apart from the generalized aim of promoting arts, science and literature.
A private Trust is the one whose beneficiaries include families or individuals.
The Private Trusts whose both or either the beneficiaries and their requisite shares cannot be determined.
The following documents are required for Trust Registration:
A Section 8 company under the Companies Act, 2013 or a Section 25 Company as per the Companies Act,1956 is an organization registered with an objective of promoting the fine arts, science, literature, or knowledge sharing for a purposeful matter or for charity. These are the limited companies established under the Companies Act. The Government grants these companies an exclusive license under Section 8 Companies Act.
12A and 80G are the two registrations granted by Income Tax Department to NGOs to allow them in Tax Exemption and permitting Deduction on Donations by the donors. A 12A and 80G registered NGO is more acceptable to receive prosperous funding and various tax reliefs.
Charitable Trusts, Societies, Section 8 Company that receive foreign contribution or donation from foreign sources are required to obtain registration under Section 6(1) of Foreign Contribution Regulation Act, 2010. Such a registration under the Foreign Contribution Regulation Act, 2010 is called a FCRA registration.
Once FCRA registration is granted, it is valid for a period of five years. An application for renewal of FCRA registration can be made 6 months prior to the date of expiry, to keep the registration valid.
Registering your company makes your business a distinguished entity and gives it a legal existence. The company registration process in India is done under the Ministry of Corporate Affairs.
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A trademark can be defined as the unique identity that makes your product or service stand out from the rest.
Most of the businesses usually look for registration of logo or name only.
If you have come up with a unique idea or logo, then the only way to protect it as your own unique identity is to register it as a trademark.
A registered trademark is your business’s intellectual property or intangible asset.
It acts as a protective cover of the company’s investment made in the logo or brand.
GST Registration is a process by which a taxpayer gets himself registered under GST. Once a business is successfully registered, a unique registration number is assigned to them known as the Goods and Services Tax Identification Number (GSTIN).
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