Society Company Annual Compliances

Compliances for Society Registration:

• Compulsory after-registration compliances under Societies Registration Act, 1882: It is one of the basic issues that come to the light in many cases that post society registration. The stakeholders and owner of the society don’t abide by compulsory rules and regulations under the Societies Registration Act, 1882. This may lead to a heavy monetary fine to the society. Even in some cases, if society is not following the provisions of the act. It may cause the termination of the society registration certificate. Each Society in India has to operate with reference to the terms and conditions in the Memorandum of Association during the registration.
• No information about the regulating and administrative authority list on an annual basis or change of administrative authority to the Registrar of the Societies: –

1. No audit of accounting bookkeeping on an annual basis
2. Utilizing society’s donation and funds for personal profit and benefits
3. No annual ITR filing
4. No maintenance of account statement and balance sheet of the Society.