How to get the trust registration in India?
There are basically three types of NGO Registration available in India. Trust registration is one of them. Trusts in India can be registered as private or public trusts under the Indian Trust Act, 1882. Public trusts usually work in the field of healthcare, education and support of the underprivileged sectors. In this article, we will discuss some essential features of trust registration along with the instructions for getting trust registration in India.
What are the basic features of Trust Registration?
Here are some of the basic features of Trust Registration :
• They are regulated under the state trust acts. In case there is no separate trust act in the state, then it is regulated under the central Indian Trusts Act, 1882.
• Name of such trusts do not require being pre-reserved.
• To register a trust as NGO, a minimum number of 2 trustees and one settler are necessary as per the rules and regulation of the act.
• No specific provisions are available for dissolving a registered public trust in India.
• Applicants need to provide a clear definition of all the operating principles in the trust’s incorporation document.
What are the minimum requirements for the trust registration in India?
There are no such requirements for the trust registration. You just need to fulfill the following objectives to establish your own charitable trust in India:
• Trust property assigned by the assignee
• Intentions to create a trust
• Clarity of the objectives to create an NGO
• Clear definition of the beneficiaries
• Trust deed
After meeting all these requirements, you can move ahead to the registration procedure of the charitable trust.
5 Easy steps for trust registration in India:
Clear vision and objectives are the main requirements to open an NGO in India. After that comes the process. Follow these five easy steps to obtain your trust registration in India:
Step 1 — Choose an appropriate name for your charitable trust that defines your objectives well.
Step 2 — Determine the settlor; you require a minimum number of two trustees and a precise definition of the beneficiaries.
Step 3 — Execute a proper trust deed that contains all the main provisions and clauses. Prepare the memorandum of association and by-laws. You can take help of SwaritAdvisors to prepare all these essential documents for the registration purpose.
Step 4 — The executed trust deed should be properly implemented on a stamp paper of the sufficient value based on the value of the property assigned to the respective trust.
Step 5 — Finally, the last step is signing of the trust deed by all the settlor and trustees and registersit with the registrar of the area in which NGO office is located.
What is trust deed?
Trust deed is an agreement executed among the trustees and the settlor. Trustees are the people who take care of the trust or handle the trust. Whereas, a settlor is the person who builds a trust for hospitality or charitable or religious and rehabilitation purposes.
Conclusion:-
Trust is type of NGO that are registered under the Indian Trust Act, 1882. Trust deed is an essential document for trust registration in India. People generally commit a mistake of copying the trust deeds of the existing trust that can cause major blunders as memorandum of the different trust are different. Swarit Advisors can help you in forming your NGO’s trust deed and getting trust registration with 100% cash back guarantee. To get your registration now, contact Swarit advisors at +91–9821399320 or mail them your queries at ho@swaritadvisors.com.
