GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Societies Registration Act____
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1860
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1890
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1905
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1942
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Explanation:
Detailed explanation-1: -Once society is registered under the Societies Registration Act 1860 it is compulsorily required to be registered as public trust under provisions of the MPT Act. SEC.
Detailed explanation-2: -Advantages of Society Registration The registered Society holds the right to enforce proceedings regarding legal affairs in the court. Avail tax exemption from income tax. The Society working under the act is eligible to file income tax return. Carry fewer liabilities.
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