What Is Trust?
Trust registration is a process of legalizing the trust deed (a legal contract between the settlor and Trustee) from the registrar of the respective jurisdiction. The Trust serves as a legal medium liable for the lawful distribution of the settlor’s assets among the concerned beneficiaries. The Trust comes to an effect as soon as the registrar provides its authorization to the trust deed
Benefits of Trust?
Registering a Trust or NGO (Non-Governmental Organization) in India brings numerous advantages for those aiming to make a positive impact on society. Firstly, it grants legal recognition and credibility, which can be instrumental in attracting donors, partners, and volunteers. Trusts and NGOs enjoy tax exemptions on income earned, which encourages charitable activities by freeing up more resources for the organization's core mission. Registration also ensures transparency and accountability, as these entities are required to maintain detailed financial records and follow specific reporting standards. Moreover, it allows for foreign funding and collaboration, enabling access to global resources and expertise for addressing social issues. By registering as a Trust or NGO, individuals and groups can channel their altruistic efforts effectively, contribute to social development, and drive meaningful change in communities across India.
Document Required
- Identity and Address Proof
- Aadhar card/ voter’s ID/ Passport/ Driving license
- Bank Statement / Electricity Bill / Phone Bill
- Passport-size Photograph
- Blank document with specimen signature.
- Rental Agreement / NOC / Sale Deed
- Mobile No. & Email ID