What is a Trust?
A Trust is a legal arrangement where a person (Settlor) transfers property to another person or group (Trustee) to be used for the benefit of third parties (Beneficiaries).
Trusts can be classified into:
Private Trusts
Created for the benefit of specific individuals.
Public Trusts
Established for charitable or religious purposes.
Process for Trust Registration
- 1
Define the Trust Objectives
Clearly outline the purpose of the trust (charitable, educational, medical, etc.).
Decide on the type of trust (Private or Public).
- 2
Select the Trustees and Settlor
The Settlor is the person who creates the trust.
Trustees are responsible for managing the trust's activities.
A minimum of two trustees is required for a public trust.
- 3
Choose a Trust Name
The trust name should be unique and should not conflict with existing entities.
- 4
Draft the Trust Deed
The Trust Deed is a legal document that outlines the objectives, powers, and rules of the trust.
Key components include:
- Objectives and Activities of the Trust
- Powers and Duties of Trustees
- Procedure for Addition/Removal of Trustees
- Trust Property Details
- 5
Register the Trust Deed
The Trust Deed must be signed by the Settlor and Trustees in the presence of two witnesses.
Submit the deed to the Sub-Registrar Office in the relevant jurisdiction.
Pay the applicable stamp duty (varies by state).
- 6
Obtain the Registration Certificate
Once verified, the Sub-Registrar issues a Trust Registration Certificate.
- 7
Apply for PAN & Bank Account
A Permanent Account Number (PAN) is required for tax filing.
Open a bank account in the name of the trust.
- 8
Apply for 12A & 80G Registration (For Tax Exemptions)
12A Registration allows the trust to be exempt from income tax.
80G Registration allows donors to claim tax deductions on their donations.
Documents Required for Trust Registration
Trust Deed
Stamped and Notarized
ID Proof of Settlor & Trustees
PAN Card, Aadhaar Card, Passport, etc.
Address Proof of Settlor & Trustees
Utility Bill, Bank Statement, etc.
Address Proof of Registered Office
Electricity Bill, Rent Agreement, or Ownership Document
Photographs
Of Settlor & Trustees
NOC from Property Owner
If registered office is in rented premises
Timeline for Trust Registration
Complete Registration Process
10-15 working days
(Depending on document verification and the state's processing time)
Trust Registration Services
- Expert Trust Deed drafting assistance
- Complete documentation preparation
- Guidance for tax exemption registrations (12A & 80G)
- Handling of registration with local authorities
- Post-registration compliance support
Frequently Asked Questions
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