Benefits Of Society Registration
There are many benefits of online society registration in Coimbatore:
- Society registration enables the entity to hold property in its own name.
- It facilitates the opening of a bank account in the society's name.
- Society registration in Coimbatore provides the right to enforce legal proceedings in the Court of law.
- Incorporated societies enjoy tax exemptions.
- Registration provides formal legal status to the society.
- Societies have simpler legal requirements compared to trusts or Section 25 companies.
- Societies can easily renew memberships and modify their objectives.
- Winding up a society is a straightforward process.
- Society registration in Coimbatore establishes a democratic setup with memberships and an elected body for efficient management.