Patna consultant provides Trust registration services, trust formation services, trust auditing facilities and trust tax consultancy services in Sri Krishna Puri. Trust is type of NGO (Non Profit Organization) which is runs by the persons or entities who wants realize to something for our society. We will provide you everything important guidance 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 Sri Krishna Puri
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 normal public.
In Trust anything profits is used to promotion of public welfare. Trust are made for providing social welfare works similar to women empowerment, Girls educations, education for whatever peoples, providing safety pro to Animals, Setting going on of school , Collages, Hospitals Old Age Homes, Orphanage etc. Trust registration is created by realization of trust carrying out non judicial stamp paper (in Bihar stamp duty is differs from additional states). In Trust registration minimum 3 members is required at a times of registration after registration number can be increased by Resolution in Trust meeting. Trusty, president and Settler is main pronounce in Trust Formation. All day to day to-do 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 by yourself worker of trust, Trust is legal entity in eyes of law.
Advantage of Trust Registration
- Providing social works for the facilitate of society.
- Providing lead in claiming exemption below income tax.
- For the Welfare of the heir and his intimates member
- For CSR endeavors of companies
- Donations from Governments and supplementary publics.
- Limited liability of Members
- Flexibility in distribution of lead among beneficiary.
Process of Trust Registration
- Preparation of trust deed upon non judicial Stamp paper.
- Government registration increase payment.
- Registration made later sub registrar office where the registered office of trust is situated.
- All members gift during the registration in imitation of his documents and two witnesses.
- After 3 or 4 functioning days registered Trust carrying out is collected from sub registrar office.
Can we attain Trust Registration online?
Till now Trust registration is fully based on offline registration. In which involvement of State Government is mandatory through sub registrar. Send us your everything documents we will prepared trust Deed and later one day all members are coming to sub registrar office. You can pay us online .