Trust Registration is essential for establishing trusts, which aim to support noble causes like education and healthcare. It involves officially registering under the Trusts Act of 1882, ensuring legal recognition and validity as a separate entity dedicated to philanthropic endeavors.
Brief About Society/Trust Registration
Creating Legally Recognized Trust Entities
Trusts are a business structure created with noble intentions to promote the development of sciences, literature, and other worthy causes. They serve purposes such as alleviating scarcity, providing education to those in need, and offering medical support. Trust registration is officially registering a trust under the Trusts Act of 1882. This legal step ensures that the trust is recognized and operates within the framework of the law. Registering a trust provides legal validity and establishes its existence as a separate entity.
| Eligibility Criteria | ||
|---|---|---|
| i | Formed by Two Individuals | A trust must be formed by at least two or more individuals. |
| ii | Compliant with Indian Trusts Act | The trust must be established in accordance with the provisions outlined in the Indian Trusts Act of 1882. |
| iii | No Disqualified Parties | None of the parties involved should be disqualified under any prevailing law in India. |
| iv | Objectives Align with Laws | The objectives of the trust must not contravene any existing laws in India. |
| v | Fair and Just Conduct | The trustee must conduct their activities in a fair and just manner. |
| vi | Compliance with Public Interest | The formation of the trust should not be contrary to public interest or any other applicable laws. |
| vii | Activities Must Be Harmless | The activities carried out by the trust must not cause harm to any individual. |
| viii | Alignment with Trust Deed | The trust activities should align with the objectives stated in the trust deed. |
| ix | Genuine Trust Deed Drafting | The trust deed must be drafted appropriately, reflecting the genuine interests of the parties involved in forming the trust. |
| x | Valid Multiple Objectives | The trust has more than two purposes, both purposes must be valid. If one goal is reasonable and the other is invalid, the trust cannot be formed. |
Key Benefits of Society/Trust Registration
Discover the Advantages of Our Business Setup Services. From streamlined processes to expert guidance, we ensure your business establishment journey is smooth and efficient. Benefit from our strategic insights, legal expertise, and tailored solutions designed to meet your unique business needs and goals.
- Charitable Involvement
Setting up a Charitable Trust allows individuals to benefit themselves, their beneficiaries, and their chosen charities. - Tax Exemptions
Registered trusts in India can access tax exemptions provided by the Income Tax Department, benefiting from tax relaxations. - Financial Support
Registered trusts provide essential financial assistance to the underprivileged and the public through charitable activities. - Legal Protection
The Indian Trusts Act of 1882 ensures comprehensive legal protection, safeguarding the trust’s legal standing from unnecessary claims.
Your Guide to Compliance and Business Success in MSME Sector
Explore Our Streamlined Registration Process. Our expert team ensures a hassle-free journey, guiding you through every step with precision and efficiency, so you can focus on your business goals.
Step 1
Name of the Trust
The parties forming the trust must choose an appropriate name that complies with the provisions of relevant acts such as Trademarks, Copyrights Act, Intellectual Property Rights Act, and Emblems and Names Act, 1950.
Step 2
Settlers of the Trust
Determine the individuals who will act as settlers of the trust. While there is no restriction on the number of trustees, a minimum of two trustees is required. The author of the trust cannot be a trustee, and all trustees must be residents of India.
Step 3
Prepare a Memorandum of Association for the Trust
Prepare a Memorandum of Association (MOA) that outlines the objectives and purpose for which the trust is being formed. Ensure that the goals stated in the MOA are legally permissible.
Step 4
Draft the Trust Deed
Create a trust deed, which is a legally binding document that establishes the trust. The trust deed must be presented to the registrar when registering the trust. It should contain all the terms and conditions agreed upon by the author, trustees, and beneficiaries.
Step 5
Submit the Deed to the Registrar
Once the trust deed is drafted, submit it to the registrar and other required documents. The author, trustees, and beneficiaries will be involved in this process.
Step 6
Obtain Certificate of Trust Registration
After reviewing the submitted documents, the trust will be registered if the registrar is satisfied with their validity and compliance. The registrar will issue a trust registration certificate, which the trustees and the trustor should keep. Once the trust is registered, a bank account can be opened in the trust’s name.
0
0
0
0
Documents required for Society/Trust Registration
Navigate the complexities of business setup effortlessly with our comprehensive document checklist. From identity verification to legal formalities, we cover all the essentials for a seamless registration process. Count on our expertise to guide you through every step, ensuring compliance and peace of mind as you embark on your entrepreneurial journey.
Documents required for Society/Trust Registration
Navigate the complexities of business setup effortlessly with our comprehensive document checklist. From identity verification to legal formalities, we cover all the essentials for a seamless registration process. Count on our expertise to guide you through every step, ensuring compliance and peace of mind as you embark on your entrepreneurial journey.
- Trust Deed with the respective stamp value.
- Two photographs of the parties involved in the trust.
- PAN cards of the individuals associated with the trust.
- Address proof of the individuals.
- Identity proof of the individuals.
- Authentication from the partners (if applicable).
- No Objection Certificate for using the premises (if applicable).
- Any form of a utility bill as proof of address.
- Address proof of the trust registered office.
- 12A Registration and 80G Certificates from the respective income tax authorities to claim deductions (if applicable).
