Patna consultant provides Trust registration services, trust formation services, trust auditing facilities and trust tax consultancy facilities in Old Commissioner Compound. 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 give you everything important assistance about Trust Registration in this article in brief. We will also incite you in documents preparation for daily thing of the Trusts.
Trust Registration In Old Commissioner Compound
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 receiver 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 with women empowerment, Girls educations, education for everything peoples, providing safety help to Animals, Setting in the works of school , Collages, Hospitals Old Age Homes, Orphanage etc. Trust registration is created by endowment of trust achievement non judicial stamp paper (in Bihar stamp commitment is differs from further states). In Trust registration minimum 3 members is required at a mature of registration after registration number can be increased by Resolution in Trust meeting. Trusty, president and Settler is main reveal in Trust Formation. All morning to day commotion 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 unconditional by this act. Trustees is unaccompanied worker of trust, Trust is real entity in eyes of law.
Advantage of Trust Registration
- Providing social works for the benefits of society.
- Providing benefit in claiming exemption under income tax.
- For the Welfare of the heir and his family member
- For CSR comings and goings of companies
- Donations from Governments and extra publics.
- Limited answerability of Members
- Flexibility in distribution of gain among beneficiary.
Process of Trust Registration
- Preparation of trust deed on non judicial Stamp paper.
- Government registration early payment payment.
- Registration made like sub registrar office where the registered office of trust is situated.
- All members present during the registration in imitation of his documents and two witnesses.
- After 3 or 4 involved days registered Trust achievement is collected from sub registrar office.
Can we reach Trust Registration online?
Till now Trust registration is adequately 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 next one day everything members are coming to sub registrar office. You can pay us online .