Patna consultant provides Trust registration services, trust formation services, trust auditing services and trust tax consultancy facilities in Raja Bazaar. 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 provide you anything important information about Trust Registration in this article in brief. We will also urge on you in documents preparation for daily matter of the Trusts.
Trust Registration In Raja Bazaar
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 normal public.
In Trust whatever profits is used to marketing of public welfare. Trust are made for providing social welfare works later than women empowerment, Girls educations, education for whatever peoples, providing safety plus to Animals, Setting taking place of school , Collages, Hospitals Old Age Homes, Orphanage etc. Trust registration is created by feat of trust endowment non judicial stamp paper (in Bihar stamp loyalty is differs from additional states). In Trust registration minimum 3 members is required at a era 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 excitement 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 resolved by this act. Trustees is isolated worker of trust, Trust is legitimate entity in eyes of law.
Advantage of Trust Registration
- Providing social works for the advance of society.
- Providing help in claiming exemption under income tax.
- For the Welfare of the heir and his relatives member
- For CSR events of companies
- Donations from Governments and extra publics.
- Limited liability of Members
- Flexibility in distribution of plus among beneficiary.
Process of Trust Registration
- Preparation of trust deed upon non judicial Stamp paper.
- Government registration innovation payment.
- Registration made once sub registrar office where the registered office of trust is situated.
- All members present during the registration with his documents and two witnesses.
- After 3 or 4 vigorous days registered Trust achievement is collected from sub registrar office.
Can we accomplish Trust Registration online?
Till now Trust registration is thoroughly based upon 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 all members are coming to sub registrar office. You can pay us online .