By trust registration in bangalore, a person can improve the living standards of many poor people in the society. Solubilis has served several clients and our experts provides excellent services. We have extended our services in Silk board, Yeshwanthpur, Bommanahalli, electronic city, Kr Puram, Domlur and shanti Nagar. At an affordable cost and in an effective manner we offer a wide range of registration services. The Finance Act 2020 has brought in major changes for NGO’s by introducing a new section 12AB for replacing section 12AA and bringing in similar modifications in section 10(23C) and Section 80G.
To provide benefits to the general public, a public charitable trust is created. Their intention is served for their welfare. Trust registration in Bangalore is an opportunity for the people who wishes to serve for the people and doing good things with tax benefits. Under the relevant law, the regulations will be prescribed and the trustees must exercise their power. Under the Indian Act 1882, the organization of trust is formed and a large public groups are called as public trusts. If it’s a private trust, then the beneficiaries are family or individuals. Trust registration is done through an online portal and is an easy process.
A public trust/ trustee can be disqualified for various reasons. If a person has been convicted by a criminal court for any offence or disperse from service under Central or State government authorities, then he or she can be disqualified. The Registrar is entrusted with powers and trustees have the controls of accounts, inspection of proceedings and inspection of properties that belongs to the public trust.
Trust can be formed with a minimum of 2 members and a maximum of 21 members.
A trust can be formed as per Section 4 of Indian Trust Act 1882 for a lawful purpose;
A trust should have a document written and signed by trustees or a sole trustee; A trust can be formed through a will also;
There is no definite form to create a trust. Objectives of the trust should be clear and unambiguous;
The following can form a trust under Sec.7 of the Indian Trusts Act 1882: A person capable of making contract can form a trust; Trust can be formed on behalf of minor with permission of Civil Court.
A trust can be cancelled on the following grounds as per Sec. 78 of the Indian Trust Act 1882: Trust can be cancelled at the will of the trustees; Trust can be cancelled if there is provision for cancellation in the deed. If author of a trust creates trust for the purpose of repayment of his debt and if this neither is nor informed to the creditor author can cancel the trust.
Yes, amendment can be made a rectification or supplementary deed
An trust has basically 3 min posts which that of a President, General Secretary and Treasurer. In some cases, you can also have a Vice President.
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