The procedure for Registration of a society begins with electing a Chief Promoter in a meeting of the Promoter who has the authority to sign the necessary documents on behalf of the promoter members and open a bank account in the name of the proposed Society after obtaining the necessary permission from the Registrar.
The Chief Promoter will apply to the Registrar for reservation of name of the Society of the proposed society and permission to collect share-capital. The name once reserved is valid for 3 Months. He will then deposit the collected share money in the bank account of the proposed Society. This has to be done only after receiving the name reservation from the Registrar and after collection of the necessary share capital.
The application for registration should be accompanied with the Scheme showing economic feasibility of the proposed Society, bank balance certificate, and list of persons who have contributed to the share-capital and the entrance fee of the proposed Society.
The Registrar will enter the particulars in register of application maintained in Form "B" and give serial number and issue receipt in acknowledgement of the same.
Afterward, if the Registrar is satisfied that a proposed society has complied with the provisions of the said Act and the rules and its proposed bye-laws are not contrary to this Act or to the rules, he shall within 2 months from the date of receipt of the application register the society and its bye-laws.
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