Patna consultant provides Trust registration services, trust formation services, trust auditing facilities and trust tax consultancy services in Exhibition Road. 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 pay for you everything important recommendation about Trust Registration in this article in brief. We will also encourage you in documents preparation for daily situation of the Trusts.
Trust Registration In Exhibition Road
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 usual public.
In Trust anything profits is used to promotion of public welfare. Trust are made for providing social welfare works similar to women empowerment, Girls educations, education for all peoples, providing safety help to Animals, Setting taking place of school , Collages, Hospitals Old Age Homes, Orphanage etc. Trust registration is created by success of trust endowment non judicial stamp paper (in Bihar stamp loyalty is differs from other states). In Trust registration minimum 3 members is required at a period of registration after registration number can be increased by Resolution in Trust meeting. Trusty, president and Settler is main make known in Trust Formation. All hours of daylight to day ruckus 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 resolution by this act. Trustees is only worker of trust, Trust is genuine entity in eyes of law.
Advantage of Trust Registration
- Providing social works for the benefits of society.
- Providing gain in claiming exemption under income tax.
- For the Welfare of the receiver and his intimates member
- For CSR activities of companies
- Donations from Governments and other publics.
- Limited responsibility of Members
- Flexibility in distribution of lead among beneficiary.
Process of Trust Registration
- Preparation of trust deed on non judicial Stamp paper.
- Government registration press forward payment.
- Registration made in imitation of sub registrar office where the registered office of trust is situated.
- All members present during the registration gone his documents and two witnesses.
- After 3 or 4 in action days registered Trust realization is collected from sub registrar office.
Can we accomplish Trust Registration online?
Till now Trust registration is sufficiently based upon offline registration. In which involvement of State Government is mandatory through sub registrar. Send us your everything documents we will prepared trust Deed and subsequently one day all members are coming to sub registrar office. You can pay us online .