by Audit Analyst | Dec 12, 2025 | Society-Association-Club
1. Definition and Role The executive committee is the principal governing body of an association or society. It is responsible for executing policies, managing operations, and implementing decisions approved by the general body. The committee ensures that the...
by Audit Analyst | Dec 12, 2025 | Society-Association-Club
1. No Statutory Capital Requirement under Law In India, there is no fixed statutory minimum capital prescribed under the Societies Registration Act, 1860 or relevant state laws for registering a club. Unlike companies, clubs registered as societies do not require a...
by Audit Analyst | Dec 12, 2025 | Society-Association-Club
1. Legal Framework for Dissolution Dissolution of a society is governed by Section 13 and 14 of the Societies Registration Act, 1860 or corresponding state laws. A society can be dissolved voluntarily by three-fifths majority of its members, by court order, or by the...
by Audit Analyst | Dec 12, 2025 | Society-Association-Club
1. Definition and Purpose A social club is a voluntary association of individuals formed to promote recreation, social interaction, and common interests. It is usually non-commercial in nature and organized for the enjoyment or benefit of its members. The main goal is...
by Audit Analyst | Dec 12, 2025 | Society-Association-Club
1. No Fixed Term in Central Act The Societies Registration Act, 1860 does not prescribe a fixed maximum term for office bearers. It leaves the decision to the bye-laws or rules and regulations adopted by the society at the time of registration. Each society may define...
