Society Compliance
Society Annual Compliance in India at Rs. 4,999/-
Do your annual compliance of society every year, otherwise you may have to pay penalties and fines.
Society Annual Compliance - An Overview
The West Bengal Societies Registration Act, 1961, lays down the guidelines for the formation and functioning of societies in the state of West Bengal. Under this act, every registered society in West Bengal is required to comply with certain annual compliance requirements to ensure that the society is functioning in accordance with the law.
Some of the key annual compliance requirements for societies in West Bengal are:
- Filing of Annual Returns: Every society in West Bengal must file an annual return with the Registrar of Societies. The annual return must be filed after the conclusion Annual General Meeting (AGM) and must include details such as the society’s activities, the beneficiaries, the assets held by the society, and the financial statements of the society.
- Maintenance of Society Accounts: The society must maintain accurate accounts of its financial transactions. The accounts must be audited annually by a qualified chartered accountant, and the audit report must be submitted along with the annual return.
- Conduct of Annual General Meeting: The society must hold an AGM of its members to discuss the society’s activities, review the financial statements, and approve the annual return.
- Compliance with Income Tax Requirements: The society must comply with all the income tax requirements, including the filing of income tax returns, obtaining a Permanent Account Number (PAN), and paying income tax on the society’s income.
- Registration of Changes: Any changes to the society’s activities, office bearers, or members must be registered with the Registrar of Societies.
Non-compliance with the annual compliance requirements can lead to penalties and legal action against the society and its office bearers. Therefore, it is important for societies to ensure that they are fulfilling their annual compliance requirements in a timely and accurate manner.
Do your annual compliance of society every year @ 4,999/-
Non-compliance with the annual compliance requirements can lead to penalties and legal action against the society and its office bearers
What will you get?
Financial Statement
Audit Report
Annual Report
AGM Resolution
Annual Return Filing
Income Tax Filing
Documents Required for Annual Compliance of Society
Incorporation Documents
PAN Card
Bank Statement
Accounts if Available
Donation List
Members List
Benefits of Complying Annual Compliance:
Maintains Good Standing with the Government
Compliance with the annual requirements set forth by the The West Bengal Societies Registration Act, 1961 ensures that your Society remains in good standing with the government.
Avoids Penalties and Fines
Non-compliance with the annual requirements can result in penalties, fines, and even the suspension of your Society’s operations. By fulfilling the annual requirements, you can avoid these consequences and maintain the smooth functioning of your Society.
Protects Shareholder Interests
The annual general meeting (AGM) provides an opportunity for members to review the Society’s performance and make important decisions.
Increases Transparency
By filing accurate financial statements and annual returns, your Society’s financial information is made publicly available. This increases transparency and allows stakeholders to assess the Society’s financial performance.
Demonstrates Responsibility and Professionalism
Compliance with annual requirements demonstrates that your Society takes its responsibilities and obligations seriously. This helps to build trust with stakeholders and enhances the Society’s reputation.
Facilitates Future Investments
Compliance with annual requirements can help to attract potential investors and improve the Society’s financial stability. Investors are more likely to invest in Society that have a proven track record of responsible and professional operations.
How we work?
Step 1: Consultation with Expert
Step 2: Preparing the Documents
Step 3: Filing Returns
Step 1: Consultation with Expert
Our expert will call you after your contact form submission, then after consultation you will submit all the required documents to us for further processing.
Step 2: Preparing the Documents
After your documents submission we will prepare the financial statements and draft all the resolution, annual report etc.
Step 3: Filing Returns
After getting audited financials we will file the required forms with respective dept.
Are you still confused?
Our team of experts can help you out finding the best solution for you. Contact us today!
Frequently Asked Questions
The annual requirements for a Society include filing of the annual return, holding an annual general meeting (AGM), filing of financial statements and filing of income tax returns.
Non-compliance with the annual requirements can result in penalties, fines, and even the suspension of your Society’s operations.
Professional consultants or legal experts like LEGALX INDIA can assist with the annual compliance requirements.
Why us?
Fastest Service
Affordable Rate
One Stop Solution
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