@ 15000/-
A Trust is registered and governed by Indian Trust Act, 1882. Income Tax Act, 1961, defines a Trust as “An arrangement by which property is handed over to or vested in a person, to use and dispose off for the benefit of another person”. Creation of a Trust can be broadly classified into two methods namely
1. Public Trust (Charitable Trust); and
2. Private Trust formation.
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Indian Trusts Act, 1882 regulates and administers the private trusts in India, whereas the public trusts direct the functioning of public trusts except in the state of Maharashtra and Gujarat where public trusts are governed by Bombay Public Trusts Act, 1950.
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There is no upper limit for the trustees in a trust, but a minimum of two trustees are always required for registration. The trust deed should have provision concerning the management of the trust along with the procedure of appointing or removing the members.
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The trust deed is the most important instrument in a trust, it prescribes the main objectives for which the trust is set up. Apart from the main objects of the trust, it defines its beneficiary and the powers of the trustee. The deed is signed in presence of two witnesses.
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Government privileges and tax benefits are not available to a private trust, whereas public trusts after registration with the income tax can avail certain tax exemptions. We are experienced in obtaining necessary income tax registration for tax exemption or benefit.
Identity and Address Proof-
Registered Office Proof -
1.Proof of Premises
2.NOC from the owner of premises
Simple to Register
Record keeping and Regulations
Assets Protection
Taxation Benefits
Public Confidence
IrrevocableDistrict Registrar or Sub-Registrar or Charity Commissioner
A minimum 2 Trustee required in a Trust.
The purpose for which a public trust can be created is the benefit of general public, and the same must be clearly prescribed in the trust deed, as it guides its functioning in the course of time. Generally a public trust is created for setting up a school, colleges, other educational initiatives, hospital, old age homes, orphanage, for promotion of child health and their empowerment, welfare of weaker section of society, and for fulfillment of Corporate Social Responsibilities (CSR) by companies under section 135 of the Companies Act, 2013.
Yes. You can run the Trust on any kind of Property.
A trust can be public even if the control of the trust property was not vested in the public but was retained by the settlers, provided that the funds are utilised for the welfare of the public, which makes it clear that the public trust can be headed and controlled by a private entity.
The registration of Trust or Trust Deed Registration is a one and same thing and each state have prescribed a distinct profess for trust registration. As such, there is no uniform trust registration form to register a trust. The basic documents to register a trust is the trust deed and KYC documents of its author, trustee and witness of the trust deed.
The Trustees have no right to sell the property; however, the trust properties can be sold after obtaining prior permission from the appropriate civil court.
Yes. Government employees or officers can be part of NGOs, provided the NGO is not working towards any anti-government activities or programmes. The intended members should ensure the particular organization is not profit making and that its members do not draw any salary from the NGO.
The trust is usually irrevocable in nature. For reasons like disqualification of trustees, absence of trustees, mismanagement of the trust, the trust can be merged with a trust having similar objectives with the permission of the court.
There is no such specific certificate for a trust registration. Getting the trust deed registered with the appropriate authorities would suffice.
