Trust REGISTRATION

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Trust Registration

What is Trust Registration?

Trust registration is a process that includes the registration of trust deeds. It will be created by the execution of a trust deed only. In general, two types of trust are available, including public and private trusts. The public trust is for the benefit of the general public, whereas the private one is for a specific group of individuals. The specific group of people is known as beneficiaries.

It is basically a document in which all the objects and modes of the agreement are mentioned so that there will be no problems in the future and each member of the company will have the right to access the services.

Trust registration process in India:-

In order to start your business with such an entity, you need to go through the process of TRUST REGISTRATION incorporation. Once you are successful with the process, you will get to enjoy the perks of a trust registration that includes the following:

Step 1: Look out for the name:

For trust registration, the first step is to select a name. It should be according to the Indian Trust Act of 1882. Most importantly, it must not be against the state government or the government of India. If the name proposed violates any rule, then the registration process will be terminated.

Step 2: Deed drafting for trust registration:

Deed drafting is also important. It must be done in the presence of all the parties so that there will be no problems throughout. Most of the trustees are the beneficiaries, and the settlor will be available during the drafting of the deed for trust registration.

Step 3: Filing an application for trust registration

After drafting the deed, there is the final application for trust registration which needs to be fulfilled and will be submitted to the prescribing authority of the state. It totally depends on the registered office of trust available in the particular state.

Step 4: PAN and TAN, as well as a bank account:

When the registration of the trust has been completed, apply for the PAN card and TAN and then operate the bank account. At Legal Times, we have the trust registration facility available. Just come to us and get the firm registered.

Benefits

Get a free consultation for Private Limited Company registration by scheduling an appointment with Legal Time.

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Documents Required

PAN CARD

Need Pan Card of all Shareholders and Directors, Foreign Directors must be required a valid Passport with validated or apostilled

PHOTOGRAPH

Updated Passport size photos of all Participators / Shareholders and Directors.

IDENTITY PROOF

Need identity proof: - Aadhar Card/ Voter ID/Passport/ Driving License of all Shareholders and Directors.

SIGNED DECLARATIONS FROM PARTNERS

Each Partner of Trust should provide Signed Declaration.

FOR REGISTERED OFFICE

Rent agreement

Valid Rent agreement, Utility bills:- telephone bill, electricity bill, and municipal (It should be last 2 Months) NOC From Owner.

NOC From Owner.

Post Company Registration Requirements?

Once the Company registration is completed, you have to take the necessary steps in order to make a strong presence in the industry.

GST Registration

Trademark/Patent Registration

Get a free consultation for Private Limited Company registration by scheduling an appointment with Legal Time.

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