Formation / Registration of A Society
Minimum 7 or more persons, eligible to enter into a contract can form society for various bona fide purposes. Under the Jammu and Kashmir Act, and Telengana Area Act, only 5 persons can form a society.
Besides individual, following persons are eligible to form a society by subscribing to the memorandum of a society:
- Partnership firm
- Limited company
- Registered society
- Minors not eligible