Patna consultant provides Trust registration services, trust formation services, trust auditing services and trust tax consultancy services in Fatuha. 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 give you everything important suggestion about Trust Registration in this article in brief. We will also assist you in documents preparation for daily event of the Trusts.
Trust Registration In Fatuha
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 beneficiary is large number of usual public.
In Trust all profits is used to promotion of public welfare. Trust are made for providing social welfare works past women empowerment, Girls educations, education for anything peoples, providing safety pro to Animals, Setting stirring of school , Collages, Hospitals Old Age Homes, Orphanage etc. Trust registration is created by carrying out of trust skill non judicial stamp paper (in Bihar stamp commitment is differs from additional 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 read out in Trust Formation. All morning to day activity 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 final by this act. Trustees is single-handedly worker of trust, Trust is genuine entity in eyes of law.
Advantage of Trust Registration
- Providing social works for the abet of society.
- Providing lead in claiming exemption below income tax.
- For the Welfare of the heir and his intimates member
- For CSR activities of companies
- Donations from Governments and additional publics.
- Limited answerability of Members
- Flexibility in distribution of gain among beneficiary.
Process of Trust Registration
- Preparation of trust deed upon non judicial Stamp paper.
- Government registration spread payment.
- Registration made in the same way as sub registrar office where the registered office of trust is situated.
- All members gift during the registration in the same way as his documents and two witnesses.
- After 3 or 4 working days registered Trust capability is collected from sub registrar office.
Can we accomplish Trust Registration online?
Till now Trust registration is abundantly based upon offline registration. In which involvement of State Government is mandatory through sub registrar. Send us your anything documents we will prepared trust Deed and then one day everything members are coming to sub registrar office. You can pay us online .