NGORegister - Expert Registration Services

Importance of Trust in India

In India, a Trust is one of the oldest and most trusted forms of non-profit organizations. Governed by the Indian Trusts Act, 1882 for private trusts and various state laws for public charitable trusts, it provides a stable legal framework for philanthropic activities.

Trusts are essential for:

Legacy Building: Ideal for individuals or families wanting to dedicate assets for specific charitable or religious purposes.
Low Compliance: Trusts generally face fewer administrative burdens compared to Section 8 companies, making them easier to manage.

Benefits of Trust Registration

Legal Recognition

Grants the organization a separate legal identity to hold property and enter contracts.

Tax Savings

Elligibility for 12A and 80G certifications leads to significant tax exemptions for the trust and its donors.

Asset Protection

Ensures that the assets dedicated to the trust are used strictly for the defined charitable purposes.

Social Credibility

Registered trusts are viewed more favorably by government agencies and international donors.

Process of Trust Registration

Name Selection

Choose a unique and meaningful name that reflects the trust's objectives.

Drafting Trust Deed

Drafting a comprehensive Trust Deed detailing the settlor, trustees, objectives, and rules on stamp paper.

Registration with Sub-Registrar

Presenting the deed at the local Sub-Registrar office for official registration and signing.

Post-Registration Compliance

Application for PAN, TAN, and opening a dedicated bank account in the trust's name.

Documents Needed for Trust Registration

Identity Proof of Settlor and Trustees (Aadhaar, PAN Card)
Address Proof of Registered Office (Electricity Bill/NoC)
Draft Trust Deed on Stamp Paper
Two Witnesses with Identity Proof

Trust Registration

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