Special Entities Registration
INR 39,999/- Only
What Is a Trust?
A Trust is a fiduciary relationship whereby a first party known as the Settlor or Author, transfers property to a second party known as the Trustee for the benefit of a third party i.e the Beneficiary. Such an arrangement is properly documented by means of a Trust Deed.
Types Of Trust
It is a Trust whereby the provisions of can be cancelled or altered depending on the Author of the Trust. Whatever income is earned it can be distributed to the Author and it is only after his death that the property gets transferred to the Beneficiaries
An irrevocable trust is one that cannot be changed, modified or revoked after its creation without the permission of the Beneficiaries. Once a property is transferred, no one, including the Author of the Trust can take the property out of the trust
If the Beneficiaries of a Trust are large or a substantial body of public, the Trust in question is a Public Trust. It is also called Charitable Trust. Basically, these Trusts are created for the public welfare
Private Trusts are created for the benefit of one or more beneficiaries which are duly ascertainable at the time of creating Trust. Beneficiaries of these Trusts are narrow and specific. Hence, the term Private Trust
Documents Required For Trust Registration in India
- PAN of Trustees and Author
- Address Proof of Trustees and Author (Aadhaar, Voter ID Card, Passport)
- Electricity Bill or House Tax Receipt or Water Bill Receipt or Ownership Proof of Property.
- If rented, rent deed duly stamped and notarised required
- Physical presence of author required at the time of registration along with his/ her original ID
- Physical presence of two witnesses with original ID proof required at the time of registration
How To Register a Trust in India
- Submission of documents
- Drafting Trust Deed
- Stamping of Trust Deed
- Submission of documents with the Registrar
- Issue of Registration Certificate
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