Trust Registration
Trust Registration
Trust Registration is governed by the Indian Trust Act, 1882 where the author (owner) assigns the rights of the property to a trustee so that the beneficiary i.e. the third person can take benefit out of it. The trust is carried out by way of an instrument called a trust deed which is formed on a non-judicial stamp paper as per the stamp rates of the different states.
Types of Trust
Private Trust: is for a closed group. In other words, the beneficiaries can be identified. For example, A trust created for the relatives and friends of the author.
Public Trust: It is a trust formed for public, religious, or charitable purposes or both and includes a temple, or any religious or charitable institution and formed either for a religious or charitable purpose or for both.
Documents Required:
- PAN Card of Trustor, Trustee, Beneficiary
- Self-attested copies of Identity Proof (Trustor, Trustee, Beneficiary)
- Photograph of Trustor, Trustee, Beneficiary
- Address Proof of Registered Office