After receipt of the necessary approval memorandum and articles should be got printed and stamped as per the stamp duty applicable in the particular state.
Thereafter they should be filed with the Registrar along with Form No.1 and Form No. 32 for incorporation along with a fee of Rs. 50 and filing fee of Rs. 50 per document etc.
The Society Registrar then issues a certificate of incorporation to the association or club.
For filing of the documents for with the Registrar for the purpose of trust registration of Company please refer to our Book How to Form a Private/Public Limited Company.
A Section 25 Company is basically a company that is registered under society registration or section 25 of the Companies Act, 1956.
Such companies are formed for the sole purpose of promoting commerce, art, science, religion, charity or any other useful object and have been granted a license by the Central Government recognizing them as such. Such companies should intend to apply its profit if any or other incomes only in promoting its objects and must also prohibit the payment of dividend to its members.
Thus there are three criteria for determining whether a particular company can be registered under section 25 or not:
Society Registrar during society formation in ngo
1.) Its objects should be only to promote commerce, art, science, religion, charity or any other useful object.
2.) It should intend to apply its profits or other incomes only in promoting its objects; and
3.) Central Government should have granted a license to such a company recognizing them as such. By obtaining such a license under section 25 from the Registrar of Companies (ROC), a company is allowed to drop the words ‘limited’ or ‘private limited’, as the case may be, from its name and hence portray a noncommercial image.
A section 25 company is governed by its Memorandum of Association (MoA) and Articles of Association.
A company is required to notify the registered office of the company on Form-21 within 28 days from the date of its incorporation.
This form is normally submitted with the registration documents to facilitate communication. Change of registered office is also to be notified on the same form within the same period. The company is required to issue share certificates to its shareholders within 90 days from the date of allotment or within 45 days after the date of filing of an application for registration of transfer of shares. Companies are governed by one uniform and robust law across the country (Companies Act 1956). Whereas in the case of Societies and Trusts, trust registration of different states has enacted their own statutes to govern them. In cases where an organization operates in different states, this may lead to confusions in regulatory matters. Avail your registration from ngo consultancy.
