Trust Registration
With Firm Registration
- For charitable and religious purpose
- Private and Public Trust
- Simple & Secure Online Process
- Dedicated Professional
- Hassle Free Process
- Get your work done in 10-15 days
Get Quote Instantly in a Minute
Introduction
Trust Registration is governed by the Indian Trust Act, 1882 where the author (owner) assigns the rights of the property to a trustee so that the beneficiary i.e. the third person can take benefit out of it. The trust is carried out by way of an instrument called trust deed which is formed on a non-judicial stamp paper as per the stamp rates of the different states.
Trust Deed is the core document which defines the reason for formation of trust, details of the author, trustee and the beneficiary. It lays down all the working and functioning of the trust until its closure. The trust deed is registered with the sub-registrar of the concerned jurisdiction.
Advantages of Trust Registration
Parties under Trust
- Author/Trustor: Trustor is a person who wants to transfer its property and reposes confidence on another for the creation of the trust.
- Trustee: Trustee is a person who accepts the confidence for the creation of the trust
- Beneficiary: Beneficiary is a person who will be benefited from the trust in the near future.
Types of Trust
Private Trust
Private trust is for a closed group. In other words, the beneficiaries can be identified. For example: A trust created for the relatives and friends of the author.
Public Trust
It is a trust formed for public, religious or charitable purpose or both and includes a temple, or any religious or charitable institution and formed either for a religious or charitable purpose or for both.
Document Required
PAN Card
of Trustor, Trustee, Beneficiary
Self-attested copies of Identity Proof
(Trustor, Trustee, Beneficiary)
Photograph
of Trustor, Trustee, Beneficiary
Address Proof
of Registered Office
Process of Trust Registration
Complete the Application Form
Document Processing
Drafting of Trust Deed
Trust Registration
12A and 80G Certificates
FAQs on Trust Registration
Registration of Trust is mandatory in certain cases and not mandatory in some other cases. If Trust wanted to take benefits under section 11 of Income Tax Act, the trust is required to get registered under Indian Trust Act 1882.
Trust is a legal arrangement between 2 or more person in which a person holds property for the sake of some other person on the other hand Society is an association of person, who come together to fulfill any particular purpose, described under the Act.
Family trusts are designed to protect our assets and benefits of members of the family beyond the lifetime of members.
Educational trust can be registered either as a company under the companies act or as a society under societies registration Act.
A Trust can be formed and registered with a minimum number of members 03 and a maximum of 21 members.
A Trust or an NGO has to acquire certificate 12A from the Income Tax Department. This certificate allows donors, to make donations under section 80G in certified NGO, to avail deduction.
NGO is non government organization while a trust can be public private or family. Both NGO and trust works for the benefits of society.
Societies are membership organizations that can be registered for charitable purposes. Societies are as similar to the trusts, although there are some essential differences. While only 3 individuals are required to form a trust, a minimum of 7 individuals are required to form a society.