A organization requires many individuals united to decide, regulate and behave in a shared way for other collective reasons by mutual agreement. Societies are generally licensed to support charity, such as athletics, music, literature, faith, fashion, education, etc.
The Society Registration Act, India, offers detailed guidelines for the registration and service of a corporation. The legislation was introduced to expand the legal standards of the registration of society to encourage literature, fine art, research or awareness-raising for a broad variety of purposes. Several governments without or with any more changes also adopted the Business Registration Act 1860.
There are two types of society, one is for National Level Society , and another one is State Level Society. Minimum of seven people must come together with a common purpose of being formed into society. However in the case of national level society, the members / desirous person must represent seven different states. The process of registering NGO as society differs from state to state. We shall extend our assistance in drafting, filing and follow up with the registrar of societies until its registration.
A trust can be created by execution of a trust deed; there are two types of trust. A public trust (charitable trust) is created for the benefit of the general public whereas a private trust is created for the benefit of a particular group of individuals known as the beneficiary.
The first step to register a trust starts with the drafting of a trust deed. The trust deed is to be executed on appropriate non-judicial stamp paper, the rate of stamp duty differs from state to state. The next step is to seek an appointment with the sub-registrar office having jurisdiction based on the registered office of the trust, and the government registration fee is to be paid after that.
|Public Trust||Private Trust|
|It is a trust whose beneficiaries include the public at large. Further, a Public Trust can be further subdivided into Public Charitable Trust and Public Religious Trust||A private Trust is the one whose beneficiaries include families or individuals. Further, a Private Trust can be subdivided into:|
|Private Trusts whose beneficiaries and their requisite shares both can be determined|
|The Private Trusts whose both or either the beneficiaries and their requisite shares cannot be determined|