Comparison between Trust, Society and Section 8 company

Particulars Statute / Legislation Main Document Liability Ownership Minimum no. of Members / Trustees Maximum no. of Members/ Trustees Cost to Client Time Required Subscribe
Trust Public Trust Act like Bombay Public Trust Act,1950 Trust deed Unlimited Trustees Minimum 2 trustees are required There is no maximum limit 5,999/- 2 Working Days Subscribe
Society Societies Registration Act of 1860 Memorandum and Articles of Association Limited Members Minimum 7 members are required There is no maximum limit 19,999/- 20 Working Days Subscribe
Section 8 company Companies Act,2013 Memorandum and Articles of Association Limited Shareholders Minimum 3 members are required There is no maximum limit 29,999/- 50 Working Days Subscribe