Trust Registration In Haryana

Trust Registration in Haryana - An Overview

Trust registration in Haryana involves the legal process of establishing a trust for various charitable, educational, or social purposes within the state. This process requires adhering to specific documentation and procedural requirements set by local regulations. Registering a trust offers several benefits, such as formal recognition, enhanced credibility, and the ability to manage and utilise funds for designated causes. It's essential to understand the steps involved, gather the necessary documents, and ensure compliance with Haryana's trust registration guidelines.

Benefits of Trust Registration in Haryana

• Tax Benefits: Registered trusts in Haryana get tax benefits. Donors also get tax breaks when they give to these trusts.
• Builds Trust: A registered trust shows it's real and official. Donors feel safe giving money. They know the trust uses money well.
• Protects Trustees: Trustees have limited liability. This means their own money is safe if there are legal problems with the trust.
• Access to Funds: Registered trusts can get money from government schemes. These funds help the trust do more good work.
• Trust Lives On: Even if trustees change, the trust keeps working. Its mission continues without any issues.
• More Visibility: An official trust is more known. More people see it and want to help or join.

Documents Required for Trust Registration in Haryana

The documents required for trust registration in Haryana are:

• Trust Deed outlining objectives and rules.
• Identity and address proofs of trustees.
• Property ownership proof (if applicable).
• Passport-sized photos of trustees.
• No Objection Certificate from property owner (if rented).
• Affidavit from trustees declaring purpose.
• Non-judicial stamp paper for trust deed.
• Registration fees payment proof.
• Proof of registered office address.
• Minutes of the founding meeting.
• Declaration of legitimate fund sources.
• Additional documents for specific activities (if needed).

Eligibility Criteria for Trust Registration in Haryana

The eligibility criteria for trust registration in Haryana include:

• Charitable intent for social welfare.
• Minimum of two eligible trustees.
• Trustees must be of sound mind and legal capacity.
• Trustees should be adults, typically 18 years or older.
• No criminal background for trustees.
• At least one trustee residing within Haryana.
• Consent of all trustees for their appointment.
• Genuine and non-profit objectives.
• Adequate funds for trust activities.
• Compliance with legal regulations.
• Clear and non-discriminatory objectives.

Checklist for Trust Registration in Haryana

• Trust Deed: Prepare a comprehensive trust deed outlining objectives, rules, and trustee details.
• Trustees: Ensure a minimum of two eligible trustees are on board.
• Identity Proof: Collect identity documents (PAN, Aadhar, passport) of all trustees.
• Address Proof: Gather address proofs (voter ID, driving license) of all trustees.
• Property Ownership Proof: If applicable, gather property ownership documents.
• Passport-sized Photos: Obtain recent photos of all trustees.
• NO Objection Certificate (NOC): If rented, secure an NOC from the property owner.
• Affidavit: Prepare an affidavit affirming charitable intent and compliance.
• Stamp Paper: Procure non-judicial stamp paper for trust deed and documents.
• Registration Fees: Arrange for payment proof of registration fees.
• Registered Office Proof: Collect documents verifying the trust's registered office address.
• Meeting Minutes: Document minutes of the meeting where the trust's establishment was resolved.
• Declaration of Fund Source: Draft a declaration confirming legitimate fund sources.
• Additional Documents: If needed, gather approvals or documents specific to trust activities.
• Objectives Alignment: Ensure trust objectives are genuine and aligned with charitable purpose.
• Compliance Check: Confirm compliance with legal regulations.
• Non-Discrimination: Verify that trust activities do not discriminate on any grounds.

Process for Trust Registration in Haryana

• Step 1: Consultation and Document Collection

  • Seek expert advice to understand the trust registration process.
  • Choose a unique name for the trust and gather trust-related details.
  • Collect necessary documents, including identity proofs and address proofs of trustees.

• Step 2: Trust Deed Drafting

  • Legal experts draft a trust deed in accordance with Indian Trusts Act and state regulations.
  • Customise the trust deed to reflect the trust's objectives and intentions.

• Step 3: Application Submission

  • Submit the completed trust deed and required documents to the appropriate authorities.

• Step 4: Verification and Follow-Up

  • Address any queries or additional requirements that may arise during the verification process.

• Step 5: Registration and Certification

  • Upon approval, receive the trust registration certificate from the Sub-Registrar's office.

• Step 6: PAN and Bank Account Setup (Optional)

  • If needed, apply for a Permanent Account Number (PAN) for the trust.
  • Open a bank account for the trust using the registration certificate.

Why Vakilsearch

Vakilsearch is a top choice for trust registration in Haryana. They have legal experts who offer clear guidance. Every trust deed is custom-made, fitting your needs and following Haryana's laws. The team takes care of the entire application, answering any questions. They ensure you get your trust's certificate from the Sub-Registrar's office. Need help with PAN or setting up a bank account? They've got you covered. With Vakilsearch, trust registration is easy and hassle-free.