According to the Delhi Society Registration Act, a section of the Society’s Act of 1860, getting registered as a business society in India has the following advantages:
A property can be purchased without any legal issues: When you obtain a society’s registration certificate and, as a result, incorporate an association in India, you acquire ownership of a body through which you can purchase property without requiring lengthy paperwork.
Taking legal action against defaulters: It is similar to creating a separate entity to incorporate a society.A society also has the authority to sue other people, as do all separate entities, like a business.
How to get tax breaks in India: Numerous tax breaks are available to you in a society.The society can be exempt from paying taxes provided that it has also obtained 12A registration in India if it was established after receiving a social welfare society registration certificate.
There are fewer liabilities: In India, registering a company and society results in the formation of a body with minimal liabilities.
It is simple to change properties: If you obtain a Welfare Society Registration India, you will be able to relocate without difficulty.
Obtaining funding from external sources: If your society exists to make people’s lives better, you can get donations from outside sources through society and firm registration.
You won’t be able to take advantage of any of the aforementioned advantages unless you register with societies and trusts.In fact, an unregistered society has numerous disadvantages.
The disadvantages of not having a society registered Despite the fact that you can get a society registered in Delhi or other metropolitan areas, there are some disadvantages that you simply cannot ignore.
Your society cannot be considered a separate legal entity without registration in Delhi or anywhere else in India.
As a society, you have no legal standing to sue anyone if you do not have a certificate of association registration for your society.
For a society that does not have an online association registration, the Indian government has no value. Unregistered societies do not receive any tax benefits.
The idea of shifting society cannot exist in an unregistered society.
Therefore, you must register for a cooperative society online whenever you can.
Eligibility Requirements for India Society Registration To be eligible, your society’s goal should be one of the following:
Grants of charitable support for the arts, science, and literature; the creation of funds for military orphans; the dissemination of political education; the upkeep or foundation of galleries or public museums.
Promotion of the dissemination and teaching of useful information as well as the foundation of reading rooms and libraries
However, multipurpose society registration is another option for societies that perform multiple functions.
The following are additional details to keep in mind regarding society registration:
The applicant must include the genuine members of society.
Before beginning the incorporation process, the applicant must gather the necessary documents for the society’s PAN card.
The applicant’s intentions for incorporating a society must be made clear in the bylaws.For instance, if the applicant wants to incorporate a residential society, he or she must explain why they want to register as a cooperative housing society.
The applicant must contact the office in the area where the society’s headquarters are located.For instance, the applicant must contact the Delhi head office if he wishes to obtain online society registration in Delhi.
The society registration is only good for a short time.The society would be dissolved after five years unless the applicant applies for renewal of its registration in Delhi or any other region.
You will be able to comprehend these concepts much more clearly with the assistance of the society registration consultant.