Trust Registration in Kerala

Trust Registration in Kerala - An Overview

Trust registration in Kerala involves creating a legal entity to manage assets for charitable goals. The process requires drafting a trust deed that outlines the trust's objectives. It includes information about beneficiaries and management structure. Once the deed is signed by the trustees, it must be registered with the Sub-Registrar's Office.

This registration provides legal recognition to the trust. It allows it to operate transparently, attract donations, and pursue its charitable goals. The registration process entails fulfilling specific legal requirements. Seeking professional assistance from our legal experts can ensure easy processing and legal compliance.

Benefits of Trust Registration in kerala

• Legal Recognition

  Registering a trust provides legal recognition to the organisation. This makes it a distinct legal entity separate from its founders. This recognition can enhance the trust's credibility and standing in society.

• Credibility and Trustworthiness

  A registered trust is often perceived as credible and trustworthy by donors. This can encourage donations and support from individuals, businesses, and government agencies.

• Perpetual Existence

  A registered trust has perpetual existence. It can continue to operate even after the founders or trustees demises. This ensures the continuity of the trust's mission and goals.

• Limited Liability

  Trustees of a registered trust generally have limited liability. This means their personal assets are not at risk to cover the trust's debts or obligations. This can provide a level of protection to the trustees.

• Tax Benefits

  Depending on the nature of the trust and its activities, there might be certain tax benefits. It involves exemptions or deductions for donations and income earned for charitable purposes.

Documents Required for Trust Registration in Kerala

The following documents are required for trust registration in Kerala::

• 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 Kerala

• Minimum requirement of two individuals or corporate entities
• Activities of the trust 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 Kerala

• 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 Kerala

The process of trust registration in Kerala 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 offers great expertise and a streamlined process when it comes to trust registration. We have a proven track record in legal services. Our team offers comprehensive support, ensuring hassle-free trust registration in Kerala. We have experienced professionals guide you through the complexities providing personalised assistance and timely solutions.