- Societies are governed by Societies Registration Act
Who can be considered to become the members in society ?
The person who signed the list of members and paid the amount of subscription as per the rules and regulations of society will be considered as member.
How many members are required to form a society ?
Minimum seven people are required to form a society.
What is the benefit of society registration ?
Main purpose to form a society is social welfare like promotion of education, health, employment in society etc. Society registration will be treated as NGO under the societies registration act, 1860.
Can society be converted into trust ?
The society can do all the acts of trusts. There is no requirement to convert the society into a trust.
How society is different from trust ?
Societies are similar in character to trusts, although there a few essential differences. When we talk about membership, only 2 people will be allowed to form a trust whereas in society, minimum 7 members are required. .