Patna consultant provides Trust registration services, trust formation services, trust auditing services and trust tax consultancy facilities in Namkum. 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 meet the expense of you everything important assistance about Trust Registration in this article in brief. We will also encourage you in documents preparation for daily event of the Trusts.
Trust Registration In Namkum
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 when women empowerment, Girls educations, education for whatever peoples, providing safety gain to Animals, Setting taking place of school , Collages, Hospitals Old Age Homes, Orphanage etc. Trust registration is created by realization of trust finishing non judicial stamp paper (in Bihar stamp duty 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 reveal in Trust Formation. All 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 final by this act. Trustees is forlorn worker of trust, Trust is legitimate entity in eyes of law.
Advantage of Trust Registration
- Providing social works for the help of society.
- Providing benefit in claiming exemption under income tax.
- For the Welfare of the heir and his relatives member
- For CSR endeavors of companies
- Donations from Governments and further publics.
- Limited liability of Members
- Flexibility in distribution of help among beneficiary.
Process of Trust Registration
- Preparation of trust deed upon non judicial Stamp paper.
- Government registration progress payment.
- Registration made later sub registrar office where the registered office of trust is situated.
- All members present during the registration considering his documents and two witnesses.
- After 3 or 4 operating days registered Trust finishing is collected from sub registrar office.
Can we reach Trust Registration online?
Till now Trust registration is adequately based on offline registration. In which involvement of State Government is mandatory through sub registrar. Send us your whatever documents we will prepared trust Deed and then one day anything members are coming to sub registrar office. You can pay us online .