Society Registration in Gujarat
Our team of expert will guide you regarding which format of business will be most appropriate and suitable for you according to your proposed activities. Whether you should go for trust registration, or society or section 08 company, our expert will guide you completely. From society registration in gujarat to drafting of memorandum of association and rules and regulations to getting 12AA and 80G certificate.
Brief about Society Registration in Gujarat
What is the purpose of Society Registration
Society can be formed for following purposes:
1) for development of any literary, scientific, or charitable purpose
2) for the diffusion of useful knowledge
3) for diffusion of political education
4) for the foundation or maintenance of libraries or reading-rooms for general use among the members
5) open to the public or public museums and galleries of paintings and other works of art, collections of natural history, mechanical and philosophical inventions, instruments, or designs
6) for commercial purpose
7) for maintenance of residential complex/buildings
Documents required for society registration
1) List of members along with their PAN cards and residential address proofs
2) Memorandum of association along with complete list of rules and regulations to be followed
3) Governing rules of the society
4) Proof of address of society’s registered office
What is MOA?
The Memorandum of Association is charter document of society which contains the name of the society, registered office address of the society, the area of its activities, and the objectives for which the society is established. The Memorandum of Association of the society must be signed by every establishing member, witness by Gazetted Officer, Notary Public with their official stamping and complete address. The MOA shall also consist the names, addresses, and occupations of the governors, council, directors, committee, or other governing body to whom, by the rules of the society, the management of its affairs is entrusted. A copy of the rules and regulations of the society, certified to be a correct copy by not less than three of the members of the governing body, shall be filed with the memorandum of association.
Income tax aspect of society Registration
Generally, the society which carried out the 100% charitable activities do not required to pay income tax subject to certain terms ans conditions.
A Society can acquire 12A certificate from the Income Tax Department. Any society acquiring such a certificate is exempted to pay income tax for the entire lifetime on its surplus income. Also, it must obtain 80G certificate. This certificate allows donors, that is persons or organizations making donations to an 80G certified NGO, to avail deduction from their respective incomes. Thus, such a deduction is given to the donors under section 80G of the Income Tax Act. By availing this certificates, society can attract more doners because of income tax benefits to donors.
