Trust Registration in Bangalore

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.

Documents Required For Trust Registration

  • Two latest photos of each Trustee
  • Aadhaar Card, Voter ID, Driving License, Passport
  • Trust deed on a Stamp paper
  • Copy of the property registration.
  • Electricity bills, Receipt of Property Tax
  • If rented, Rent deed and Rent receipt
  • No objection certificate from Landlord

Advantages of Trust Registration

  • Trust can get government’s land
  • Trust registration in Bangalore gains popularity.
  • To construct a building, one can get white capital
  • For a common cause, trust can collect and use its fund.
  • The State government has decided to regulate the trusts with provisions for various factors including
    • Registration of trusts,
    • Management of their property and
    • Audit and control over their administration.

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