TRUST DEED

  • null

    Call Us On 9811080318 Or Send Your Document On Email

  • null

    We Will Check And Start The Drafting Process

  • null

    Review And Make Payment

  • null

    Delivery Of Documents

How to register a Trust / NGO ?

The steps involved in the Registration of a Trust Deed are as follows:

1. The Trust Deed is drafted / prepared by a legal expert.
2. e-Stamp Paper is purchased for the execution.
3. Date is fixed for the registration in the Sub Registrar office.
4. The Government registration fee is paid.
5. All the trustees and 2 witnesses visit the sub registrar office on the fixed day for the registration of Trust Deed.
6. The Registered Trust Deed is collected after a week.

What is a trust deed ?

It is an essential instrument of a trust, wherein the aims and objects and modes of management (of the trust) have to be described and mentioned.  A trust deed is a must when there is property involved, especially in terms of land and building so as to provide a prima facie evidence of the existence of the trust. In all the trust deeds the maximum and minimum number of trustees should be specifically mentioned.

The trust deed should clearly spell out the aims and objects of the trust. Each and every aspect in relation to the management of the trust should be mentioned in the deed. Even the procedures involved in the appointments and removal of other trustees should be mentioned eliminating all the chances of  any discrepancy in the future. The trusts registered in a particular state can operate on All India Level and therefore can work in other states as well.

In case of change of the trustees or registered address of the trust or change of the aims & objects of the trust, a new deed needs to be prepared and registered in the registrar office.

Purposes for which a trust can be formed

A trust can be of two types :

(A) Public Trust (or Charitable Trust) :

It is the one which is created mainly for the benefit of the general public  at large. The objects could be for  public benefit / charitable purposes such as:

1. For setting up a school/educational institute for providing education to children,
2. For setting up a hospital/nursing home for providing medical services and facilities for poor,
3. For taking care of old aged / senior citizens, orphans, handicapped, widows, etc.
4. For promotion of child health & girl / women empowerment
5. For Social welfare of weaker sections of society,
6. For promotion of Spiritual / Yoga / Art, Craft and Cultural activities
7. For providing training to the Backward and poor classes to make them employable
8. For religious activities such as setting up a temple etc.
9. For protection of environment, planting trees, reducing pollution etc.
10. For providing drinking water, food, shelter, clothing to the socially backward and poor.
11. For fulfillment of Corporate Social Responsibility (CSR) by companies under Section 135 of the Indian Companies Act, 2013.

(B) Private Trust :

It is the one which is formed mainly for the benefit and welfare of particular persons/members of a family. A private trust can be made for:

1. For the benefit and welfare of members of a family
2. For the management & preservation of a property

Who can be a trustee ?

A trustee can be any person, that is an individual or a corporate body or a corporate sole, capable of holding property and competent to contract. The position of trustee is an extremely important one, as trustees are in fiduciary relationship with the trust beneficiaries. This means that they are in a special position of trust and accordingly have a number of significant duties.

​Registration of trust deed

The trust deed should be executed on non-judicial stamp paper, the value of which would depend on the valuation of the trust property. The application for registration should be made to the concerned sub registrar having jurisdiction over the region in which the trust is sought to be registered.

it is necessary to get the trust deed registered in case of a charitable or religious trust, in relation to an immovable property for claiming exemption U/s. 11 of the Income Tax Act.

For registration of Trust Deed the Settlor or Trustees and at least two witnesses must be physically present at Registrar’s Office along with their photographs and Identity Proofs. The trust deed should be signed by the settlor or trustees after mutual consent in the presence of two witnesses.

Essential Contents of a Trust Deed

The name(s) of the author(s)/settlor(s) of the trust.

  1. The name(s) of the trustee(s).
  2. The name(s) if any, of the beneficiary or whether it is for the general public / charitable purpose.
  3. The name by which the trust shall be known.
  4. The place where its trustees, principal and other offices shall be situated.
  5. The property that shall devolve upon the trustee(s) under the trust for the benefit of the beneficiary.
  6. An intention to divest the trust property upon the trustee(s).
  7. The main and incidental objects of the trust.
  8. The procedure for appointment, removal or replacement of a trustee, their rights, powers, duties etc.
  9. The rights and duties of the beneficiary/ies.
  10. The mode and method of determination of trust.

FAQs on Trust Registration

Q. What is the minimum number of Trustees in a Trust?
A. A minimum of 2 trustees are required in a trust.

Q. How long does the trust registration process take?
A. The process can be completed within a period of 6-7 days.

Q. Can the office of the trust / NGO be run from a residential property?
A. Yes, you can run the trust from any type of property located within Delhi.

Q. There is a change in the trustees and the location of the registered office of the trust. Can I get the same registered?
A. Yes, the changes in the name of the trustees, address of the office or objects of the trust can be registered through a supplementary deed.
Q. My trust’s office is located outside Delhi. Can I get the trust registered in Delhi?
A. No, you can register a trust in Delhi only if you have an office in Delhi.

CONTACT US

We're not around right now. But you can send us an email and we'll get back to you, asap.

Sending

©2020 All rights reserved ESTATE REGISTRATION
Designed and Maintained by Thewebsilk.com

Log in with your credentials

Forgot your details?