Many non-profit organisations in Bangladesh are formed and registered under the SRA 1860 because of its wide scope and flexibility.
Any seven or more persons associated for any literary, scientific or charitable purpose, or for any such purpose as provided in the SRA 1860, may, by subscribing their names to a memorandum of association and filing the same with the Registrar of Joint-stock Companies and Firms (“RJSC”) form themselves into a society. (S.1 of the SRA 1860)
There must be a formal governing body, constituted under the law, which is responsible for the management of the affairs of the society.
An annual general meeting of the society is required to held once in every year. If the rules of the society do not provide for an annual general meeting, then a list shall be filed with the RJSC of the names, addresses and occupations of the governors, council, directors, committee or other governing body entrusted with the management of the affairs of the society (S.4 of the SRA 1860).
The types of societies that may be registered under the SRA 1860 include charitable societies, societies established for the promotion of science, literature, or the fine arts, for instruction, the diffusion of useful knowledge, the diffusion of political education, the foundation or maintenance of libraries or reading rooms for general use among the members or open to the public, or public museums and galleries of painting and other works or art, collections of natural history, mechanical and philosophical inventions, instruments, or designs.