Trust Registration

Trust Registration

There are three types of trusts in India:

  1. Public Trust
  2. Private Trust
  3. Public Cum-Private Trust

Public trusts are divided into religious and benevolent trusts, whilst private trusts operate in accordance with the Indian Trusts Act of 1882. Some of the important laws governing the enforcement of public trusts in India are the Religious Endowments Act of 1863, the Charitable and Religious Trust Act of 1920, and the Bombay Public Trust Act of 1950.

A "Private Trust" is a legal arrangement established for a person's benefit as opposed to a public or charity one. It was established to provide financial support to one or more beneficiaries that the trustee is aware of. A private trust's advantages are exclusively available to the named beneficiaries, and it does not have a charitable objective. These trusts are required to abide by the Indian Trusts Act of 1882's rules.

A Public Trust fundamentally serves the interests of all citizens. Public trusts, in contrast to private trusts, are established for philanthropic or religious purposes and do not operate in accordance with the Indian Trusts Act. Such a trust adheres to the general legislation that is now in force. Similar to private trusts, these trusts may be created by will throughout a person's lifetime.

Public-Cum-Private Trusts

As the name suggests, the Public-Cum-Private Trusts serve a dual purpose. They are eligible to use their income for public as well as private purposes. That implies that beneficiaries of such Trust could be either public or private persons or both.

Trust Registration

  1. The Trust Deed is drafted/prepared by a legal expert.
  2. E-Stamp Paper is purchased for the execution.
  3. Date is fixed for the registration in the Sub Registrar office.
  4. The Government registration fee is paid.
  5. All the trustees and 2 witnesses visit the sub registrar office on the fix day for the registration Of trust Deed
  6. The Registered Trust Deed is collected after a week

Documents required for Society Registration 

  1. Address Proof related to Registered Office such as Copy of Certificate of Property/Utility Bills
  2. No objection certification from the Landlord if the property is rented.
  3. Trust deed's objective
  4. Detail about the Trustee and settlor such as Self-attested copy Id & Address Proof and occupation
  5. Trust Deed on Proper Stamp Value
  6. Trustee and settlor Photos
  7. Trustee and settlor
  8. PAN details
  9. Trust deed must reflect the following information:
  10. Number of trustees
  11. Trust registered address
  12. Proposed name of the trust