Patna consultant provides Trust registration services, trust formation services, trust auditing services and trust tax consultancy facilities in Mehandiganj. Trust is type of NGO (Non Profit Organization) which is runs by the persons or entities who wants reach to something for our society. We will have the funds for you all important instruction about Trust Registration in this article in brief. We will also incite you in documents preparation for daily business of the Trusts.
Trust Registration In Mehandiganj
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 all profits is used to promotion of public welfare. Trust are made for providing social welfare works considering women empowerment, Girls educations, education for whatever peoples, providing safety benefit to Animals, Setting taking place of school , Collages, Hospitals Old Age Homes, Orphanage etc. Trust registration is created by realization of trust triumph non judicial stamp paper (in Bihar stamp adherence is differs from other 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 declare in Trust Formation. All morning to day bustle 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 firm by this act. Trustees is abandoned worker of trust, Trust is legal entity in eyes of law.
Advantage of Trust Registration
- Providing social works for the facilitate of society.
- Providing help in claiming exemption below income tax.
- For the Welfare of the receiver and his associates member
- For CSR events of companies
- Donations from Governments and new publics.
- Limited responsibility of Members
- Flexibility in distribution of gain among beneficiary.
Process of Trust Registration
- Preparation of trust deed on non judicial Stamp paper.
- Government registration build up payment.
- Registration made following sub registrar office where the registered office of trust is situated.
- All members gift during the registration in the flavor of his documents and two witnesses.
- After 3 or 4 full of zip days registered Trust completion is collected from sub registrar office.
Can we realize Trust Registration online?
Till now Trust registration is fully based upon offline registration. In which involvement of State Government is mandatory through sub registrar. Send us your all documents we will prepared trust Deed and later one day whatever members are coming to sub registrar office. You can pay us online .