Patna consultant provides Trust registration services, trust formation services, trust auditing facilities and trust tax consultancy services in Deoghar. Trust is type of NGO (Non Profit Organization) which is runs by the persons or entities who wants get to something for our society. We will present you everything important guidance about Trust Registration in this article in brief. We will also support you in documents preparation for daily business of the Trusts.
Trust Registration In Deoghar
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 heir is large number of normal public.
In Trust all profits is used to publicity of public welfare. Trust are made for providing social welfare works with women empowerment, Girls educations, education for anything peoples, providing safety benefit to Animals, Setting taking place of school , Collages, Hospitals Old Age Homes, Orphanage etc. Trust registration is created by finishing of trust triumph non judicial stamp paper (in Bihar stamp faithfulness is differs from further states). In Trust registration minimum 3 members is required at a get older of registration after registration number can be increased by Resolution in Trust meeting. Trusty, president and Settler is main proclaim in Trust Formation. All day to day upheaval 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 unqualified by this act. Trustees is without help worker of trust, Trust is authentic entity in eyes of law.
Advantage of Trust Registration
- Providing social works for the assist of society.
- Providing lead in claiming exemption under income tax.
- For the Welfare of the heir and his relations member
- For CSR deeds of companies
- Donations from Governments and further publics.
- Limited responsibility of Members
- Flexibility in distribution of benefit among beneficiary.
Process of Trust Registration
- Preparation of trust deed upon non judicial Stamp paper.
- Government registration progress payment.
- Registration made afterward sub registrar office where the registered office of trust is situated.
- All members gift during the registration considering his documents and two witnesses.
- After 3 or 4 full of life days registered Trust endowment is collected from sub registrar office.
Can we pull off Trust Registration online?
Till now Trust registration is abundantly 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 next one day all members are coming to sub registrar office. You can pay us online .