Trust registration is the legal process of creating a trust. This means that the trust deed must be filed with the right government office, such as the Registrar of Trusts or the Inspector General of Registration (IGR), depending on the state. A trust is when a settlor gives money or property to trustees, who then manage it for the benefit of certain people. The Indian Trusts Act of 1882 is the law that governs private trusts in India. But public, charitable, or religious trusts must follow the laws of the state they are in.
A trust is a legal entity that can do business on its own once you register it. It also makes the people, groups, or organizations that are in charge of personal or charitable assets more reliable.
Registering a trust provides multiple advantages:
Legal Recognition: A registered trust can own property, sign contracts, and sue or be sued on its own.
Tax advantages: Donors are more likely to give to you if you have 12A and 80G certifications, and your taxes are lower.
Trust and credibility: This helps you earn the trust of stakeholders, trustees, and government agencies.
Asset Protection: This makes it clear what the beneficiaries and trustees need to do to keep the assets and operations safe.
When you register a trust, it's easier to make sure everyone follows the rules, stop fights, and hold people accountable. This speeds up the trust's progress toward its goals.
To register a trust, you typically need:
Believe A deed on a stamp that is not from a court PAN and Aadhaar cards for the settlor and trustees on paper
Every trustee must show proof of who they are and where they live.
Photos that are the same size as a passport
A lease or ownership agreement with NOC that shows proof of a registered office
Written permission from the trustees
AuditFiling will help you with every step of setting up a trust. It checks that all of your paperwork is correct, that you follow the rules, and that you can easily get tax breaks like 12A and 80G. This help lets the trust stay focused on its mission while all the legal and procedural steps are taken care of quickly.
Trust Deed With Respective Stamp Value
Two Photographs of Parties Involved in Trust
Pan Card of Individuals
Address Proof of Individuals
NOC of Premises
RS: 8000/-