Documents Required for Trust Registration
- Self Attested Copy of PAN Card of all Trustee and settler along with witness
- Self Attested Voter Id/ Aadhaar of all Trustee and settler along with witness
- 4 Passport Size Photographs of all Trustee and settler along with witness
- Latest Electricity Bill for Registered office of the Trust(Required Rent agreement or lease deed if the property is not in the name of partners)
- Capital Contribution
- Name of Trust
- Object of trust
In India Trust can be created by anyone who is competent to contract, having in his/her power any property with is transferable. The person who is creating the Trust is called the Settlor and the person to whom the property is transferred to trust is called a Trustee. The person for whose benefit the property is transferred is called the beneficiary.
In India trust can be registered within 7 to 10 days after filling the Application form of Trust Registration work feasibly.
Steps For Register The Trust
- Preparation of the Trust Deed:
- Parties to the trust:-Three parties are required to form the Trust.
- Applicant /Author of the trust:
- Details of trustees /Members:
- The beneficiary of the Trust:
Objects of the Trust
- Subject matter:
- Registration of the trust by Trust Deed:
- Address for correspondence & Evidence:
- Tenure of Trustees:
- Application for 80G and 12A certificate for tax benefits.
Trust Deed Registration
The Trust Deed must be executed on Stamp Paper of suitable value and which is signed by the settlor and two other witnesses. And Once the Trust Deed is executed, it can be registered with the Local Registrar. The Registrar would then register the Trust, retain a photocopy of the Trust deed and return the original registered Trust Deed back to the settlor.
The Trust Deed is the document that establishes the registration of the Trust. To register a trust deed required details are-
- Name of the Trust
- Place of the Trust office
- Objects of the Trust
- Number of Trustees
- Terms of the Trustees
- Management of the Trust
- Appointment or Resignation or Termination of Trustees
- Power, Function, and Duties of the Trustees
- Application of Trust Property
- Other important matters