Trust Registration in India
Get your Trust Registration @ ₹15,500/-
Our dedicated team will help you with the entire process from registration to post incorporation compliances.
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The first step to register a trust starts with the drafting of a trust deed. The trust deed is to be executed on appropriate non-judicial stamp paper, the rate of stamp duty differs from state to state. The next step is to seek an appointment with the sub-registrar office having jurisdiction based on the registered office of the trust, and the government registration fee is to be paid after that.
On the appointed date the trust deed is presented before the sub-registrar where all trustees need to be present along with two witnesses. The registration process is then undertaken by the office of the sub-registrar, and the registered deed can be collected after a week time. The next logical step shall be to get the PAN and TAN Number allotted for the trust and open a Bank A/c for the trust.
Must Know Before Trust Registration
Indian Trusts Act, 1882 regulates and administers the private trusts in India, whereas the public trusts direct the functioning of public trusts except in the state of Maharashtra and Gujarat where public trusts are governed by Bombay Public Trusts Act, 1950.
The trust deed is the most important instrument in a trust, it prescribes the main objectives for which the trust is set up. Apart from the main objects of the trust, it defines its beneficiary and the powers of the trustee. The deed is signed in presence of two witnesses.
There is no upper limit for the trustees in a trust, but a minimum of two trustees are always required for registration. The trust deed should have provision concerning the management of the trust along with the procedure of appointing or removing the members.
Government privileges and tax benefits are not available to a private trust, whereas public trusts after registration with the income tax can avail certain tax exemptions. We are experienced in obtaining necessary income tax registration for tax exemption or benefit.
List of Documents Required For Trust Registration
- Trust Deed on Proper Stamp Value
- Two Photographs of each Trustee and Settler
- PAN Card of Each Trustee and Settler
- Identity Proof of each Trustee and Settler
- Address Proof
- Electricity Bill or Bank Statement
- Identity Proof: Passport/Voter, ID/Driving License
- Signed Declaration (s) from Partners
- Proof of Premises
- Water Bill
- NOC from the owner of premises
Procedure for Trust registration
Step 1: You are required to fill your details in our simple online questionnaire.
Step 2: We will assist you in gathering the pre-requisite documents
Step 3: Based on the details provided by you for Trust Deed registration, a Trust deed will be compiled
Step 4: The trust deed so compiled will be submitted to the relevant local registrar for registration
Step 5: Once your Trust NGO is registered, we shall send you Trust Deed via courier.