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Online Trust Registration

The trust deed is to be executed on appropriate non-judicial stamp paper, the rate of stamp duty differs from state to state. It is registered as per the compliance and regulatory guidelines of the Indian Trust Act 1882.

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What is a Trust?

As per the Indian Trust Act 1882, a Trust is an arrangement created by a trust deed where the owner (trustor) transfers the property to someone else (trustee) for the benefit of a third person (beneficiary). 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.

Public Trust

It is a trust whose beneficiaries include the public at large. Further, a Public Trust can be further subdivided into Public Charitable Trust and Public Religious Trust.

Private Trust

A Private Trust is the one whose beneficiaries include families or individuals.

Must Know Before Trust Registration

Private vs Public Trust

Indian Trusts Act, 1882 regulates 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.

Number of Trustees

There is no upper limit for the trustees in a trust, but a minimum of two trustees are required for registration. The trust deed should have a provision concerning the management of the trust along with the procedure of appointing or removing the members.

Trust Deed

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.

Tax Benefit

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.