Trust Registration

The main objective of the trust is a non-profit organisation that comes up with providing the benefits of the society. Minimum two trustees require to creating a trust, there is no maximum limit. Settlers cannot be trustees and they should be an Indian resident. Trust is made-up of trust deed which includes the objectives and regulations of the trust. Solubilis provides the trust registration in all over India. We are preeminent service provider with the experts and we provide the guidance till the post registration. Cost for the registration is affordable.

Characteristics of trust registration:

  • The trust is governed by the relevant State Trust Act or the Public Trusts Act
  • A trust is established by a trust deed on a non-judicial stamp paper of a certain percentage of the value of the trust's assets (stamp duty varies from state to state).
  • Trust deeds include the goals and objectives of trust formation and the management position of the trust.
  • The composition of the board changes not primarily by appointment but by election.
  • It is difficult to change the budget of trust deed and only the conciliator can correct it.
  • The Charity Commissioner has more power than the Society to interfere in the affairs of the Trust
  • Dissolved of trust is not ease

Procedure

Step 1: Name application:

An application is filed to be reserving the name of the company with the registrar of companies. Applicant is allowed to provide two names and one re-submission

Step 2: Name Approval / Rejection:

On receipt of the application, CRC (Central Registration Centre) may either approve or reject the application.

Step 3: settlers and trustees:

Selecting a trustees and settlers in the process of trust registration, there is a minimum requirement of two persons and there is no limit for maximum number of persons most importantly the settlers should be an Indian resident.

Step 4: draft a trust deed, MOA

In the deed should contain the rules and administration guidance will be mention on the trust deed, most importantly it will be prepared on the stamp paper. Memorandum of association is mandatory to create a trust, it includes the details of the trust members and also it has its objectives.

Step 5: trust deed submission with registrar:

After obtained the certified copy of trust deed, should submit along with that copy of documents with the local registrar. The settler has to sign on every single page of the trust deeds photocopy

Step 6: receiving the registration certificate:

All the formalities have been fulfilled; the registration certificate will be issued by the registrar.

Proposed Trustees and settlers:

  • PAN Card
  • Aadhar Card.
  • Passport Size Photo
  • Proof for Address – Bank Statement or Telephone Bill or EB or Mobile Bill (Latest)

Register Office documents:

  • If the Office is rental, rental agreement is inevitable
  • Electricity bill (Not more than two months old required to be submitted)
  • Occupant needs to provide a No Objection Certificate from landlord to operate the business (NOC) if not rented.
  • Trust deed on stamp paper
  • Proof of identity and address
  • NOC from the landlord
  • Registration copy of the property

FAQ'S


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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