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Online Trust Registration

Market Price: ₹17999
Kudos Price: ₹14999 incl. all
You Save: ₹3000
Government Fee: Included
Complete By*: 26-04-2024

Register a trust online in 7 Days with Kudos Startup.

 

Check Package
Market Price: ₹13400
Kudos Price: ₹9999 incl. all
You Save: ₹3401
Government Fee: Included
Complete By*: 26-04-2024

Register a trust online in 7 Days with Kudos Startup.

 

Check Package

Online Trust Registration

Wants to register a trust? Kudos Startup helps you to register a trust online in just three working days. We offer the fastest online trust registration at a minimal fee possible.

Online Trust Registration - An Overview

A Trust implicit transfer of a property for the benefit of the third party by the owner of the trust or trust to the trustee. It is an arrangement to transfer cash, valuable assets, or shares for the upliftment of beneficiaries. A proclamation along with the trust is transferred specifying that the property should be strictly held by the trustee for benefit of the beneficiaries.Trust registration becomes very important when one needs to avail the privilege of Law. As per the Indian Trust Act 1882, there are two types of trusts.
A Private Trust is formulated to benefit a group of people.
A Public Trust is formulated to benefit the general public. ex- Public Charitable Trust and public Religious Trust.

Benefits of Trust Registration in India

A Registered Trust can claim the following benefits:

  • A registered trust can claim the tax exemptions under Section 12A and 80G of income Tax.
  • A registered trust is eligible for claiming the benefits from the State and Central Law Department..
  • Trust Registered under the Indian Trust Act 1882, are considered to have good credibility that certainly attracts even more public donation.
  • For a trust formed for religious or donation purpose, is mandatory to get registered.
  • Thus, to avail all the benefits offered by the Indian government to the trust, Trust registration in India is compulsory.

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Documents for Online Trust Registration

In order to register trust online, one needs to furnish the following documents:

1.Trust Deed: Trust Registration in India demands a Trust Deed. A trust deed includes the reason behind the trust and the powers of the trustees. It is basically a foundation that is signed by the trustees in the presence of at least two witnesses. The most basic document but the most important one.

A Trust Deed must furnish the following documents:

  • Motive: the motive of registering a trust;
  • Number of trustees present;
  • Vital information of all the trustees: Name, Father's Name, Contact Details, Permanent Address, Email Address, Designation, and Occupation;
  • Registered Office Address of the trust;
  • Rules and Regulations abided by the trust;
  • Trust's Proposed Name;
  • Identity proof of all the trustees as well as the settler;
  • Presence of at least two witnesses, settlor, and trustees at the time of Trust Registration in India.
  • Passport size-photograph of the settlor and trustees;

Other Documents for Trust Registration in India

  • Self-attested transcripts of ID Proof of the settler: Adhaar Card, Driving License, Voter ID, or passport;
  • Self-attested transcripts of ID Proof of each trustee: Adhaar Card, Driving License, Voter ID, or passport;
  • Registered office's address proof of the trust: Utility Bills or Registration Certificate;
  • PAN card of the settler & Trustees;
  • NOC - No Objection Certificate duly signed by the landlord.

REGISTRATION PROCEDERE

Trust Registration Procedure in India

Choose an appropriate name :

The trust registration procedure starts with the selection of an appropriate name. the name selected should not match with or resemble any other existing name. Thus, the name should not be restricted according to the provisions of the Emblems and Names Act, 1950.

Deciding the Trustees and Authors :

The very next step is to decide the number of trustees. The author can never be the trustee of trust thus, a minimum of two trustees are required for trust registration. There can be any number of maximum trustees. Also, the author of the trust shall be an Indian resident.

Formulation of Trust Deed and Memorandum of association :

Next, the most important step is to formulate the trust deed as well as the memorandum of association of the trust. The trust deed is the base of any trust that lays down the laws rules and regulations of the trust. Also, the deed decides the laws covering any change, removal, or addition of trustees to the trust.
Memorandum of association represents the relationship between the trust and its trustees. Besides this, it furnishes the objectives of a trust. Moreover, the MOA of trust defines the name, address, occupation, and other important details of the trustees.

Devising of Trust Deed on a stamp paper:

A trust shall devise the Trust Deed on a stamp paper which is to be of a certain percentage of the trust's total value as per the Indian Stamp Act, 1899.
After the submission of proper documents, the applicant can collect the certified copy of the trust deed within a period of one week.

Obtaining the Trust Registration Certificate:

Finally, after all the formalities and submissions, one needs to collect the original copy of the Trust Deed while the registrar keeps the photocopy.
The applicant will receive a Certificate of Registration within the span of seven working days.

Pricing

Trust Registration

₹14,999
  • Trust Deed, MoA & Bye-laws
  • Trust Registration Certificate
  • Trust PAN &TAN
  • MSME REGSITRATION
  • Govt. Fees
  • Documents & Resolutions
Get started

Trust Amendment

₹9,999
  • Trust Amended Deed
  • Trust Amended Registration Certificate
  • Misc. Amendment DOCUMENTS
  • AFFIDAVIT & STAMP NOTE
  • Govt. Fees
Get started

FAQ's

  • What is trust registration and its formation?
    Trust registration is a process of registering the trust deed which is a legal contract between the settlor and trustee before the registrar of Trust. The Trust serves the purpose the lawful distribution of the settlor's assets for the benefit of the beneficiaries as prescribed in the Trust Deed.
  • A trust can be registered under the Trust Act 1882 before the registrar of specified jurisdiction. The maker of the trust and trustees need to be presented before the Registrar of Trust
  • The author of trust is one who is known as Trust Make, Testator, Settlor of the trust deed and trustees has been given responsibility to run the trust for its beneficiary.
  • Private Trust and Public Trust are the types of trusts in India which is registered under the Indian Trusts Act, 1882.
  • The trust who are availing the tax exemption under 80G and 12A under Income Tax Act 1961 require to File ITR-7 compulsory require to get their accounts Audited. Trust other than that does not requires to get their books of account Audited
  • Yes, A trust can apply for 80G and 12A under Income Tax Act 1961 with its Tax exemption officer of Specified jurisdiction. This will give benefits to donors making donation in trust to avail the exemption in their Income tax return.

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