Overview
Trust Registration – Complete Overview
What is Trust Registration?
Trust Registration is the legal process of forming a charitable trust under the Indian Trusts Act, 1882 (for private trusts) or relevant state trust laws (for public charitable trusts). A trust is created for charitable purposes such as education, healthcare, relief of poverty, social welfare, and religious activities, where assets are managed by trustees for the benefit of the public.
Importance of Trust Registration
Registering a trust provides legal recognition and authenticity to charitable activities. It helps in building public trust, opening a bank account, owning property, and applying for tax exemptions, government grants, and donor funding. Registered trusts are more credible in the eyes of authorities, donors, and funding agencies.
Eligibility for Trust Registration
Any individual or group of individuals can form a trust for lawful charitable purposes. A minimum of two trustees is required. The trust must have a clearly defined objective, trust deed, and comply with applicable laws and regulations. The settlor and trustees should be legally competent to enter into a contract.
Process of Trust Registration
The process involves drafting the Trust Deed, defining objectives and trustee roles, executing the deed on non-judicial stamp paper, and registering it with the Sub-Registrar. After registration, the trust can apply for PAN, bank account, and tax registrations such as 12A and 80G for tax benefits.
Why Choose NYAYAPATH LEGAL LLP
NYAYAPATH LEGAL LLP offers complete support for Trust Registration, including drafting of trust deeds, documentation, registration assistance, and post-registration compliance guidance. We ensure a smooth, legally compliant, and hassle-free registration process for charitable organizations.
