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 11,999/- 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 20,999/- 40 Working Days Subscribe