ट्रस्ट रजिस्ट्रेशन

What is a Trust?

A trust is an arrangement where the settlor hands over property to trustees, who manage it for the benefit of beneficiaries or for a charitable or religious purpose, as set out in a written trust deed. Private trusts are governed by the Indian Trusts Act, 1882. Public (charitable or religious) trusts in Rajasthan are also regulated under the Rajasthan Public Trusts Act, 1959.

Types of Trusts

Only public trusts can apply for 12A and 80G tax benefits; private trusts cannot.

Documents Required

• Trust deed on non-judicial stamp paper of the value applicable in your state
• ID and address proof, PAN and photographs of the settlor and trustees
• Witnesses' ID proof (witnesses sign at registration)
• Address proof of the trust office with owner's NOC (if rented)
• Details of the initial trust property or corpus

The deed should state the trust's name, objects, trustees and their powers, how trustees are appointed or removed, and what happens if the trust is dissolved.

Registration Process

1. Decide the trust's name, objects and trustees (at least two is common)
2. Draft the trust deed
3. Buy stamp paper of the correct value and print the deed on it
4. Book an appointment at the Sub-Registrar office
5. Settlor, trustees and witnesses sign in front of the registrar with original IDs
6. Get the registered trust deed
7. Apply for the trust's PAN and open a bank account
8. For a public trust, apply for 12A and 80G, and complete any registration needed under the state public trusts law

It usually takes around two to three weeks from drafting to the registered copy.

Cost

Stamp duty and Sub-Registrar fees vary by state and by the deed's value, and paying less than the required stamp duty can make the deed invalid. Professional charges are separate. Please confirm the current figures with the Sub-Registrar office before filing.

After Registration

• Keep accounts and minutes of trustee meetings
• File income tax returns every year
• Record changes of trustees or address as the deed and law require
• If foreign funds are involved, FCRA registration is separate

Why eMitrawala?

• Experienced team for registrations and compliance
• Quick document checking and filing
• Support from application to final certificate
• Clear pricing with no hidden charges