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Trust Registration !!!

According to the Indian Trust Act, Trust means an obligation annexed to the ownership of property, and arising out of a confidence respond in and accepted by the owner for the benefit of another or for another and owner. Trust registration procedure in India depends upon the type of trust. There are two types of trust:

  1. 1. Public Trust.
  2. 2. Private Trust.

Both are governed by separate laws. Registration of Private Trusts takes place under the Indian Trusts Act, 1882. But, there is no separate act for public trusts and they are governed by their respective state laws. These state laws usually appoint a commissioner who administers and carries all trust activities in that state.

Points That Differentiate Private Trust With The Public:

  1. 1. Public Trust Is Formed To Benefit The Public At Large. A Private Trust Is Created For The Benefit Of One Or More Specific Persons.
  2. 2. Public Trusts Accept Donations From The General Public, But Private Trusts Do Not Accept Such Donations.
  3. 3. Private Trusts Do Not Receive The Tax Benefits That Public Trust Does.

The trust registration fee depends upon the value of the property which is the subject-matter of trust.

Documents Required For Trust Registration

  1. 1. Trust Deed On Stamp Paper Of The Requisite Value, One Passport Size Photograph & Copy Of The Proof Of Identity & Address Of The Settler.
  2. 2. One Passport Size Photograph & Copy Of The Proof Of Identity & Address Of Each Of The Trustees/Two Witnesses.
  3. 3. Signature Of Settler On All The Pages Of The Trust Deed, Signatures Of The Two Witnesses On The Trust Deed.
  4. 4. The Settler & Two Witnesses Are Required To Be Personally Present In The Office Of The Registrar, Along With Their Identity Proof In The Original.
  5. 5. The Registrar Retains The Photocopy & Returns The Original Registered Copy Of The Trust Deed.

Documents Provides

  1. Trust Deed
  2. GST Registration
  3. Current Bank Account Opening KIT
  4. MSME Certificate
  5. CA Certificate
  6. PAN Acknowledgement
  7. TAN Acknowledgement

Prepare Documents

  1. 1. After receiving your document & payment, we prepare all nessessary documents for your company registration in 2 working days and sent you for signing.
  2. 2. Whenever you get the document, coordinate with your relationship manager and fill the remaining information and sign the documents.

Law For Trust Registration

Trusts are governed by Relevant state trust act or Bombay Public Trusts Act.

Number Of Person

2 persons are required to form a trust with no upper limit.

Stamp Duty Required

Trust is set up by a trust deed on non-judicial stamp paper worth some percentage of the value of the trust property (Stamp duty varies from state to state).

Trust Deed

Trust deed contains the aims and objectives of forming a trust and the mode of management of the trust.

Changes In Composition

The composition of the board changes mainly by appointment and not election.

Main Object Alteration

Alteration of the objects laid down in the trust deed is difficult and only the settler can modify them.