Trust Registration

Trusts are the non-profit organizations in India, which are registered as trusts, society and private limited companies mentioned under section 8 of companies act. These associations are for the benefits of the public at large and for the welfare and charitable purpose of the underprivileged people. Trust is categorized into two such as private or public depending on the people it provides benefits to. A public charitable trust must be registered under the jurisdiction of the charity commissioner. The public trust can receive funds for the public welfare if it becomes difficult for the trust to obtain funds. In order to register trust, it is necessary to select an appropriate name, and formulate MOA and trust deed for the trust which will contain all the rules and regulations decided by the trustees. The trust deed must contain all the details and be registered with the sub registrar with attested photocopies. Once all the formalities have been completed, within minimum 7 days, the registration certificate for trust is issued. Later, the trust is provided with PAN and TAN number and bank Account details for further communication. Government provides tax benefits under 80G to the public trust only, not to the private trust.

Benefits

  • Protection of trust assets from trustee and its beneficiaries unless declared.
  • Trust registration is most beneficial for reducing taxation on capital and income.
  • It Is easy to distribute assets to the beneficiaries in case of any trust issue.
  • Government provides land and construction of buildings for the trust.

Documents Required for Trust Registration

Trustee's Documents
  • Photo
  • PAN
  • Aadhar Card
  • Mobile No & Email Id
Registered Office Documents
  • Latest Electricity Bill of Business Address.
  • Rent Agreement of Business Address, If Rented
  • No Objection Certificate (NOC).
Other Information
  • Proposed Business Name.
  • List of top 5 Services
  • Designation of Trustees

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