Society registration act 1860

Durgesh bali (Querist) 16 August 2012 This query is : Resolved
1. Can a society registered under Society Act, transfer the society and its property to someone else?

2. If yes then what is the procedue?

3. what are the ramifications of tranfering a Registered society?

4. Does it has Tax liabilities?

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Atul D Suryavanshi (Expert) 16 August 2012
Yes, The society can transfer the property to anyone. Provided, society should seek permission from the Charity Commissioner by assigning appropriate reasons for sale. Taxes are applicable as per the governing laws of state.

Regards,
Atul Suryavanshi
Managing Partner
JC Law Firm
Mobile- 09923552956
Email: atul@jclawfirm.in

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