Compliances post Society Registration

Hey Amit! After registering a Society (usually under the Societies Registration Act, 1860), here are the key post-registration compliances you need to keep in mind:

Post-Registration Compliances for a Society

1. Governing Body Meetings

   • First General Body Meeting (GBM): Usually held soon after registration to finalize office-bearers.

   • Annual General Meeting (AGM): Must be held every year as per the bylaws (typically within 6 months from the end of financial year).

   • Executive Committee / Governing Body Meetings: Held as per bylaws (commonly quarterly or half-yearly).

2. Maintenance of Statutory Records

   • Register of Members.

   • Minutes book for GBM and Committee meetings.

   • Register of office-bearers.

   • Other records as per bylaws.

3. Filing Annual Returns/Reports

   • Some states require societies to file an Annual Return or Annual Report with the Registrar of Societies.

   • This typically includes financial statements and list of office-bearers.

   • Timeline varies by state (often within 6 months from end of financial year).

4. Accounting and Auditing

   • Maintain proper books of accounts.

   • Conduct annual audit by a Chartered Accountant or qualified auditor as per society rules or state laws.

   • Present audited accounts in AGM.

5. Tax Registrations and Filings (if applicable)

   • Apply for PAN and TAN for society.

   • File Income Tax Returns annually.

   • If registered under section 12A/80G for tax exemption, ensure compliance to retain benefits.

   • GST registration if applicable (based on turnover).

6. Compliance with Other Laws

   • Labor laws if society employs staff.

   • Maintain compliance with state-specific laws relating to societies.

7. Renewals and Notifications

   • Intimate any change in address, office-bearers, rules, etc., to Registrar of Societies.

   • Renew registration if required under state laws.

Note: Exact compliances and timelines can vary depending on the state in which the society is registered, so do check the local Registrar of Societies guidelines.