Trust Registration in Delhi

Trust Registration in Delhi - An Overview

Trust registration in Delhi involves establishing a trust that is managed by a person (the settlor) to a trustee. The trustee holds and manages it for the benefit of specific individuals (the beneficiaries). To register a trust in Delhi, one needs to draft a trust deed that outlines the trust's objectives. It encompasses details of trustees and beneficiaries. The trust deed should then be executed and signed by the settlor and trustees. They are registered with the local sub-registrar office where the trust's registered office. This registration helps establish the legal validity of the trust.

Benefits of Trust Registration in Delhi

• Perpetual Existence

  A registered trust in Delhi has perpetual existence. It can continue its operations even if there are changes in the trustees. The trust's activities and objectives can be carried forward across generations. It ensures the continuity of its charitable or religious initiatives.

• Limited liability

  One significant benefit of trust registration is limited liability protection. The trustees of a registered trust generally have limited personal liability. In case of legal disputes or debts, the personal assets of the trustees are protected. The trust's assets are used to satisfy the liabilities.

• Enhanced Credibility

  Trust registration enhances the credibility of the organisation. Especially beneficial for the eyes of donors, and government authorities. Being a registered entity demonstrates transparency and accountability. It can attract more donations, grants, and collaborations with other organisations.

• Operational Advantages

  Registered trusts are subject to certain rules and regulations that provide a framework. This framework promotes accountability, transparency, and governance within the trust. It helps streamline the trust's activities, financial management, and reporting procedures. It also ensures better operational efficiency.

Documents Required for Trust Registration in Delhi

The following documents are required for trust registrationin Delhi:

• Trust deed
• Proof of identity and address for trustee
• Proof of address of the trust
• Bank account details of the trust
• A copy of the PAN card of the trust

Eligibility Criteria for Trust Registration in Delhi

• Seeking a competent and willing individual or entity for property transfer
• Minimum requirement of two individuals or corporate entities
• The trust activities must be lawful
• The trust should function within charitable, religious, educational, or social welfare domains
• Operation should be non-profit, utilising income and property solely for stated objectives
• Execution of a trust deed to define objectives, rules, and regulations
• Necessary to obtain relevant authority, submit documents, and pay fees
• Adherence to rules, regulations, and reporting obligations is expected.

Checklist for Trust Registration in Delhi

• Identify a competent settlor willing to transfer property
• Appoint a minimum of two trustees, individuals or corporate entities
• Determine lawful objectives falling under charitable, religious, educational, or social welfare activities
• Prepare a trust deed clearly defining objectives, rules, and regulations
• Execute the trust deed with proper signatures and witnesses
• Prepare the application for trust registration with required details
• Gather necessary documents, including identity proofs, address proofs, and property details
• Arrange for the payment of the registration fee
• Submit the application and supporting documents to the Registrar of Trusts
• Ensure compliance with all applicable rules and regulations.

Process for Trust Registration in Delhi

The process of trust registration in Delhi is as follows:

• Step 1: Consultation and Document Collection

  Get expert consultation to understand your requirements. Avail help in choosing a unique trust name and the details of the trust you want to register. Submit the required documents for registration.

• Step 2: Trust Deed Drafting

  Vakilsearch's legal experts would draft the trust deed according to your specifications. We ensure it complies with the Indian Trusts Act and relevant state laws. We will tailor the trust deed to reflect your intentions and objectives.

• Step 3: Submit the Application

  With the trust deed and documents in hand, our team will file for registration. We make sure that all the information is accurate

• Step 4: Follow-Up and Verification

  Our team will address any queries or requirements arising during the process.

• Step 5: Registration and Documentation

  Post approval you will get a registration certificate from the Sub-Registrar's office. On request, we might also assist you in obtaining a PAN and open a bank account for the trust

Why Vakilsearch?

Vakilsearch is a reputable legal services provider with expertise in various legal matters. Our team can complete the whole process of trust registration. We have a user-friendly platform that simplifies the registration process, saving time and effort. Our team of legal professionals can guide you through the complex process. We ensure that all necessary documents are prepared accurately and efficiently.