Patna consultant provides Trust registration services, trust formation services, trust auditing facilities and trust tax consultancy facilities in Begusarai. Trust is type of NGO (Non Profit Organization) which is runs by the persons or entities who wants accomplish to something for our society. We will come happening with the allowance for you anything important assistance about Trust Registration in this article in brief. We will also put up to you in documents preparation for daily matter of the Trusts.
Trust Registration In Begusarai
Trust is registered as per provisions of Indian Trust Act, 1882. Indian Trust Act, 1882 provides Trust is classified into two types.
- Private trust in which beneficiaries is individuals or families.
- Public Trust in which receiver is large number of normal public.
In Trust whatever profits is used to publicity of public welfare. Trust are made for providing social welfare works later than women empowerment, Girls educations, education for all peoples, providing safety pro to Animals, Setting occurring of school , Collages, Hospitals Old Age Homes, Orphanage etc. Trust registration is created by finishing of trust success non judicial stamp paper (in Bihar stamp duty is differs from additional states). In Trust registration minimum 3 members is required at a become old of registration after registration number can be increased by Resolution in Trust meeting. Trusty, president and Settler is main declare in Trust Formation. All hours of daylight to day bother of trusts is runs by the President of Trust. All assets of Trust are property of Trust not its members. In Trust Registration no limit for the members is answer by this act. Trustees is lonely worker of trust, Trust is true entity in eyes of law.
Advantage of Trust Registration
- Providing social works for the encourage of society.
- Providing improvement in claiming exemption below income tax.
- For the Welfare of the heir and his relatives member
- For CSR actions of companies
- Donations from Governments and extra publics.
- Limited liability of Members
- Flexibility in distribution of plus among beneficiary.
Process of Trust Registration
- Preparation of trust deed on non judicial Stamp paper.
- Government registration evolve payment.
- Registration made later sub registrar office where the registered office of trust is situated.
- All members present during the registration in imitation of his documents and two witnesses.
- After 3 or 4 effective days registered Trust attainment is collected from sub registrar office.
Can we realize Trust Registration online?
Till now Trust registration is fully based on offline registration. In which involvement of State Government is mandatory through sub registrar. Send us your anything documents we will prepared trust Deed and later one day all members are coming to sub registrar office. You can pay us online .