Name Selection for the Society.

In view of the Society Act, 1860, the applicant must keep the following facts in mind before selecting the society's name;

• The proposed name should not possess any resemblance with existing names since it is an offence. The proposed name should not violate the provisions of the Emblem & Names Act, 1950.
• The name should be original and free from an element that hampers third-party interest in any way.

Documents Required for Registration.

Following documents have to be furnished for registering society .

• Application Form in Prescribed format.
• Proceedings of the first meeting.
• Self-attested copies of By-Laws.
• Self-attested copies of Address and ID Proofs of the office bearers.
• Passport size photographs of Committee members.
• Committee members ID and address proof.
• If the office is in rented premises,  lease agreement.
• In case of office is in own premises declaration thereof.

Society compliances.

A society shall after its registration shall do the following:

• Obtain PAN card.
• Open a bank account.
• Bookkeeping and accounts.
• Annual IT filings.
• Professional tax registration, if applicable.
• GST registration.
• Compliance with the Registrar of Firm - Filing of AGM resolution, accounts to be disclosed and member list to be filed with the Registrar of Firms.

Applicability of Tax Exemption.

There is a general notion that society need not pay tax as they work towards the welfare of the public at large. But this is not true. A society, like any other legal entity, is liable to pay tax. In order to be exempted from tax, a society is required to obtain certification for the said exemptions such as Section 12 A, 80G etc. from the income tax authorities and comply with those requirement to get exempted.