In India, there are different types of business organisations with various forms of constitutions (formation) like Proprietorship, Partnership Firm, Trusts, Society and Companies etc., Out of these Trusts and Society registrations can be seen as one of the prominent types of option for the Business people. Most of the Schools, Colleges and other educational institutions runs under the management of the Trust, Society.
In India, Societies are registered under Societies Registration Act, 1860, this is considered as base act for registration. Every state will frame their respective state Society Registration act in line with the bare act. Further, states issue the rules and regulations separately regarding procedure to complied for formation, declarations, periodical compliances etc., Registration power of Society lies with Registrar of Societies. Here we will discuss on the what are the compliances to be adhered once the society was registered under the act.
In this article, we will discuss on the compliances required as per “The Tamil Nadu Societies Registration Act, 1975” read with rules “The Tamil Nadu Societies Registration Rules, 1978”. More or less other state acts also will be similar but may vary in some points. This can be used as reference.
|Particulars||provisions||Form||Timelines as per Act & Regulations|
|1||Notice regarding the change in registered office||Section 13 read with Rule 15||Form No. V||3 months from date of change|
|2||Register of members||Section 14 read with Rule 16||Form No.VI||3 months from date of change|
|3||Notice of change of members or committee||Section 15 read with Rule 17||Form No. VII||3 months from date of change|
|4||Constitution of Committee||Section 15||–||term of office of the members of the committee shall not exceed 3 years|
|5||Reappoint of existing members of committee as new members||Section 15(5)||–||members of the committee shall be eligible for re-appointment|
|6||Annual General Meeting||Section 26 read with Rule 25||–||Within 6 months from end of Financial Year|
|7||Time period for giving Notice for Annual General Meeting||Section 26(2) read with Rule 25||–||At least 21 days before the scheduled AGM date|
|8||Submission of Financial statements to Registrar||Section 16(3)(a) read with Rule 22||–||Within 6 months from end of Annual General Meeting|
|9||Declaration to the effect that the society has been carrying on business or has been in operation during the financial year.||Section 16 (3)(b) read with Rule 22||–||Within 6 months from end of Annual General Meeting|
|10||Periodicity of conducting Meeting of committee||Section 29||–||
No specific Periodicity
1. Section referred to the Tamil Nadu Societies Registration Act, 1975.
2. Rules referred to The Tamil Nadu Societies Registration Rules, 1978.