societyregister1
Societies Registration
A society is a group of people involved with each other through persistent relation ,or large social grouping which voluntarily join together,subject to common political authority dominant cultural expectations incorporated under Society Registration Act,1960, to promote enerous,socialwelfare,helpful,charitable,educational,professional
or,any other useful object but not for the purpose of carrying on trade,business or industry.
The Societies Registration Act, 1860 was enacted for civilizing the legal condition of societies established for the promotion of literature, science, or the fine arts, or for the diffusion of supportive knowledge or for charitable reasons. This Act is applied to the National Capital Territory of Delhi.
The Registrar of Societies in the Industries Department grants registration to the charitable societies.I am glad to note that the Commissioner of Industries has taken initiative for bringing out this booklet having updated guidelines and procedure for grant of registration of societies under the given Act. Although some reforms had been carried out but still there existed scope for further developement, simplifications and streamlining the procedure for registration of societies. The objective of bringing out this booklet is to make the system of grant of registration to the societies under the said Act transparent and eliminate corrupt elements.
Documentation Required for Registering a Society
1 At least seven (7) and at most 21 persons are required to form the society.
1 Covering Letter.
2 Memorandum of Association and Rules & Regulations.
3 Table containing Names, Address and Occupation of all the Members along with their
signatures.
4 Certified Copy of Duly Passed Resolution for Registration of Society.
5 Minutes of the Meeting.
6 Declaration by the President of the Society.
7 Address Proof.
It takes around 3-4 months for registration to complete.
Investment of society's funds
(1) The assets and resources of a society must be used and dealt with only for its purposes in accordance with its bylaws.
(3) A society to which subsection (2) does not relate may invest its finances in investments sanctioned by its constitution or bylaws, but if that investment is not sanctioned, the society must invest its funds only as permitted under the requirements of the Trustee Act respecting the investment of trust property by a trustee.
(2) A society that has and exercises powers within the scope of section 14 must adhere to prudent standards as defined in section 136 (1) of the Financial Institutions Act in investing its funds.
Notice of the general body meeting and of the business to be transacted thereat shall be given 14 days previously by circular to all registered members of the Society.
Financial year shall end at the time of Annual meeting when an audited account of the Income and Expenditure statement will be presented by the Treasurer.
All the accounts in the name of Society will be operated by the Treasurers/ Secretary of Society.
Purpose of the Act is to provide for listing of literary, scientific and charitable societies. Societies Registration Act is a Central Act. However, Societies Registration Act was passed in 1860, i.e. much before split of power between State and Centre was specific. Though the Act is still in action, it has been specifically repealed in many States and those States have their own Acts. Thus, practically, the Central Act is mostly for academic significance.
