Trust REGISTRATION
(Online Process/Free Consultation)
Register your Trust anywhere in India. Our dedicated team of professionals at Legal Time will help you to register your Trust.
Trust Registration
What is Trust Registration?
A Trust can be created by execution of trust deed: There are Two types of Trust. A Public Trust is Created for the benefit of general Public. Whereas a Private Trust is Created for the benefit of a specific group of Individuals Known as beneficiary.
The registration of a trust involves the registration of a trust deed. A Trust deed is a document in which the aims, objects and the modes of management of the trust are defined.
TRUST REGISTRATION PROCESS IN INDIA
Step 1: Selection of Name
The first step is to finalize name of the Trust & Proposed name of the Trust should be according to Indian Trusts Act, 1882 The proposed name should not be against the state government or government of India.
Step 2: Drafting of Deed for Trust Registration
The trust deed needs to be drafted wherein the parties to the deed shall be settlor, the trustee and the beneficiary.
Step 3: Filing Application for Trust Registration
The application for Trust registration has to be submitted to the prescribed authority of the state, where the registered office of Trust is situated.
Step 4: PAN,TAN & Bank Account
After registration of the Trust the next step is to apply for Pan Number and TAN and thereafter opening of a bank Account.
Benefits
There is no upper limit for the trustees in a trust, but a minimum of two trustees & 1 Settler are always required for registration.
Government privileges and tax benefits are not available to a private trust, whereas public trusts after registration with the income tax can avail certain tax exemptions.
Name of such proposed trust is not required to be pre-reserved.
There are 2 type of Trust first Private Trust & second is Public Trust Indian Trusts Act, 1882 regulates and administers the private trusts in India, whereas the public trusts direct the functioning of public trusts.
Get a free consultation for Trust Registration by scheduling an appointment with Legal Time.
Why Choose us
1. STARTUP’S FIRST CHOICE
We ensure startups to focus on their project and leave all the legalities and documentations to us. From our technology driven platform and on time delivery startups prefer us to do Company registration.
2. TECHNOLOGY DRIVEN PLATFORM
100% Technology driven platform to speed up your company registration process and make your life easy
3. BEST PRICING
We understand the value of money for startups. We offer complete transparency and affordable cost to startups.
4. 100% ONLINE SERVICE
Fully online service so that you can start and complete the process without running around from the comfort of your home or office.
5. EXPERT PROFESSIONALS
At Legal Time, we work only with experienced Chartered Accountants & Company Secretaries to handle your company registration.
Documents Required
PAN CARD
Pan Card of each Partners of Trust.
PHOTOGRAPH
Latest Passport size photograph of Partners of Trust.
ADDRESS PROOF
Latest Address Proof from each Partners of Trust.
Signed Declarations from Partners
Each Partner of Trust should provide Signed Declaration.
FOR REGISTERED OFFICE
Rent agreement
Utility bills-telephone, electricity, and municipal (Not older than 2 Months)
NOC From Owner.
Post Trust Registration Requirements?
GST (Goods and Service Tax) registration is required for Business with annual turnover exceeds Rs. 40 Lakhs (Rs 20 Lakhs for Northeast states).GST registration is mandatory for particular businesses like Export-Import, E-commerce, and Market Place Aggregator.
Trademark and Patent gives protection from infringement and duplication. With this, competitors cannot affect your brand and market value. The logo provides protection under the Trade Marks Act 1999.
Get a free consultation for Trust Registration by scheduling an appointment with Legal Time.