Comparison of Society, Trust, and Section 8 Company
Comparison of Society, Trust, and Section 8 Company 1. Overview of Legal Structures Feature Society 🏛 Trust 🤝 Section 8 Company 🏢 Governing Law Societies Registration Act, 1860 Indian Trusts Act, 1882 (for private trusts) Companies Act, 2013 Registration Authority Registrar of Societies Sub-Registrar (for Trust Deed) Registrar of Companies (ROC) Minimum Members Required 7 (State level) / 8 (National level) Minimum 2 trustees Minimum 2 directors & members Legal Identity Separate legal identity but depends on governing body No separate legal identity; trustees hold assets in their name Separate legal identity, distinct from members Ease of Formation Moderate Easiest to form Complex due to compliance requi...