Trust Registration requires important documents like trust deed and rental agreement. Our service experts help you with the complete procedure for the formation of trust while taking care of all the legal intricacies
We address all your queries about Trust registration online
We help you get the entire process of filing and registration completed.
We help you with the post-registration formalities and compliances.
Public Trust is the most convenient way of starting a non-governmental organization or NGO. A trust functions on the objective of eradicating poverty, providing education to the underprivileged and offering medical relief apart from the generalized aim of promoting arts, science and literature. It is to be noted that trusts are irrevocable which means they cannot be amended or terminated without the permission of the court. Vakilsearch helps in providing you with the trust registration certificate with a few documents like a deed of trust, rental agreement, etc.
In India, there are no specific laws to govern the public trust, however, some states like Maharashtra and Tamil Nadu have their own public trust Act.
Vakilsearch helps you in providing with the trust registration online through very simple steps. As an initial step in registering the trust, the founder of the trust or the “Author of the Trust” or the “Settlor of the Trust” has to figure out in a document the objectives of the trust and the manner in which the trustees have to work towards achieving the goals of the Trust. This document that contains all such details is called a Trust Deed, which is also called a deed of trust.
Once this is made, thereafter, an application for registration of the trust shall be moved before the Registrar of Trust along with the Trust Deed or a deed of trust. The appropriate jurisdiction for registration of the trust is usually where the registered office of the trust is located.
The trust deed is the primary and the most essential document of the trust which states the reason for forming a trust, its functions, to its working, and until its closure. Following are the important clauses in the Trust Deed:
To get your trust registration certificate, you should require the following documents during the registration of the Trust:
The Trust constitutes the Board of Trustees. The Board constitutes the following:
The quorum of the Board of Trustees shall not exceed a maximum of 21 members.
A trust shall after its registration shall do the following
There is a general notion that trust need not have to pay tax as they work towards the welfare of the public at large. But this is not true. A trust, like any other legal entity, is liable to pay tax. In order to be exempted from tax, trust is required to obtain certification for the said exemptions such as Section 12 A, 80G etc. from the Income Tax authorities.
Can the property of the Trust be sold?
The Trustees do not have the right to sell the property, however, the trust properties can be sold after obtaining prior permission from the appropriate civil court.
In what other ways an NGO can be registered in India?
Based on the cause and objectives, NGOs can be registered online as Trust or Section 8 companies.
Are government employees or officers allowed to be members of NGO?
Yes. Government employees or officers can be part of NGOs, provided the NGO is not working towards any anti-government activities or programmes. The intended members should ensure the particular organization is not profit making and that its members do not draw any salary from the NGO.
What is the procedure for closure of a trust?
The trust is usually irrevocable in nature. For reasons like disqualification of trustees, absence of trustees, mismanagement of the trust, the trust can be merged with a trust having similar objective with the permission of the court.
Is there any certification for registration of a trust?
There is no specific certificate for a trust registration. On the other hand, getting the trust deed registered with the appropriate authorities would suffice.
Just tell us a little bit about your business and you'll have the registered trust deed in 20 working days (subject to government approval). It's that simple. In addition to yours, we'll be handling around 400 requests this month.
We make your interaction with the government as smooth as is possible by doing all the paperwork for you. We will also give you absolute clarity on the trust registration process to set realistic expectations.
Our team of experienced business advisors are a phone call away, should you have any queries about the trust registration process. But we'll try to ensure that your doubts are cleared before they even arise.
Once lockdown ends, it is likely a possibility of a shortage of blood to patients. To overcome this, the Shirdi Trust pleads with locals to register for blood donation.
Being the chairperson of the trust, the Prime Minister can nominate 33 people as trustees. And 10 persons can be on the advisory board. The trustees’ board includes home, finance & defense minister in an ex-officio capacity.