{"id":16100,"date":"2020-09-10T12:09:30","date_gmt":"2020-09-10T06:39:30","guid":{"rendered":"https:\/\/corpbiz.io\/learning\/?p=16100"},"modified":"2020-09-10T12:58:12","modified_gmt":"2020-09-10T07:28:12","slug":"documents-required-for-trust-registration-in-india","status":"publish","type":"post","link":"https:\/\/corpbiz.io\/learning\/documents-required-for-trust-registration-in-india\/","title":{"rendered":"Checklist of Documents Required For Trust Registration in India"},"content":{"rendered":"\n<p class=\"has-drop-cap\">In this article, we will provide comprehensive details regarding documents required for trust registration. As per the Indian Trust act 1982, a trust is a form of organisation where the owner transfers its property to the second person, aka trustee, so that the third person can benefit from it. The transfer of such property cannot take place without a legal process. It is essential to note that the public charitable trust is registered under the <strong><em>Bombay Public Charitable Trusts Act 1950 in Gujarat or Maharashtra<\/em><\/strong>. Apart from these states, it can be registered via trust deed. <\/p>\n\n\n\n<p>On the contrary, the private Trust, whose beneficiaries are friends and relatives, are not eligible for tax exemptions. Suppose a person wants to utilise its property or income for the charitable purpose and wish to limit the control over the income to the recognisable individual. In that case, public charitable trust is the best option for them. <\/p>\n\n\n\n<p class=\"text-left\"><b>Read our article<\/b>:<mark style=\"background: #fffd03 !important\"><a href=\"https:\/\/corpbiz.io\/learning\/new-trust-registration-procedure-2020\/\">New Registration Procedure under 12A (1) a\/aa\/ab: Trust 2020<\/a><\/mark><\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title ez-toc-toggle\" style=\"cursor:pointer\">Page Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/corpbiz.io\/learning\/documents-required-for-trust-registration-in-india\/#Creation_of_Trust_%E2%80%93_Types\" >Creation of Trust &#8211; Types<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/corpbiz.io\/learning\/documents-required-for-trust-registration-in-india\/#Trusts_Classification\" >Trust\u2019s Classification<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/corpbiz.io\/learning\/documents-required-for-trust-registration-in-india\/#Documents_Required_For_Trust_Registration_in_India\" >Documents Required For\nTrust Registration in India<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/corpbiz.io\/learning\/documents-required-for-trust-registration-in-india\/#Trust_Deed_Encloses_the_Following_Details\" >Trust Deed Encloses the Following Details<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/corpbiz.io\/learning\/documents-required-for-trust-registration-in-india\/#Documentation_required_for_Trust_Deed_registration_under_Indian_Trusts_Act_1882\" >Documentation required for Trust Deed\nregistration under Indian Trusts Act, 1882<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/corpbiz.io\/learning\/documents-required-for-trust-registration-in-india\/#Important_Note_on_the_foundation_of_Trust_in_India\" >Important Note on the foundation of Trust in India<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/corpbiz.io\/learning\/documents-required-for-trust-registration-in-india\/#Conclusion\" >Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Creation_of_Trust_%E2%80%93_Types\"><\/span>Creation of Trust &#8211; Types<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong><em>The creation of Trust depends on the three types of individuals:-<\/em><\/strong><\/p>\n\n\n\n<ul><li>The trustor who\ndeclares the confidence<\/li><li>A trustee who accept\nthe confidence<\/li><li>The beneficiary is\nthe individual who avails benefits from the Trust. <\/li><\/ul>\n\n\n\n<p>A trust is created when the property owner i.e. trustor, transfers property to a person (trustee) to benefit the beneficiaries. The settlor is a primary member of the trust who has more power at the disposal than trustees. The trustee cannot administer the trust for the sake of personal interest. It is subjected to specific regulations prescribed by <strong><em>state law<\/em><\/strong><sup><a href=\"https:\/\/en.wikipedia.org\/wiki\/State_law\"><strong><em>[1]<\/em><\/strong><\/a><\/sup>.\u00a0 <\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Trusts_Classification\"><\/span>Trust\u2019s Classification <span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">Public Trust<\/h3>\n\n\n\n<p>As the name suggests, public trust is formed for the benefit of the general public. In layman terms, the primary beneficiary is the general public instead of a specific individual. The public trust is further divided into two parts:<\/p>\n\n\n\n<ul><li>Public Charitable\nTrust<\/li><li>Public Religious\nTrust<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Private Trust<\/h3>\n\n\n\n<p><strong><em>Unlike a public trust, private trust is formed to benefit families or individuals. Moreover, such trust is categorised into two parts: <\/em><\/strong><\/p>\n\n\n\n<ul><li>Private Trusts whose\nheirs and their important offers both can be resolved<\/li><li>Private Trusts who\u2019s\nboth or either the heirs and their critical offers can&#8217;t be resolved<\/li><\/ul>\n\n\n\n<p>Although public and private trusts sound identical entities on the surface, they bear some significant differences. The primary difference between the two is that the private trust works in the direction of the specific beneficiary\/ beneficiaries. In contrast, the public trust works for the benefit of the general public at large. In addition to that, the public trust is administered by the board of trustees. Meanwhile, the private trust is handled by the appointed trustees.<\/p>\n\n\n\n<p>Now, let&#8217;s unfolds the topic further and find out what type of Documents required for <a href=\"https:\/\/corpbiz.io\/trust-registration\"><strong>trust registration<\/strong><\/a>. Below is the documentation list that one has to furnish to the relevant authority for the trust registration. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Documents_Required_For_Trust_Registration_in_India\"><\/span>Documents Required For\nTrust Registration in India<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img decoding=\"async\" width=\"597\" height=\"469\" src=\"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2020\/09\/image-42.png\" alt=\"Documents Required For Trust Registration in India\" class=\"wp-image-16101\" srcset=\"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2020\/09\/image-42.png 597w, https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2020\/09\/image-42-300x236.png 300w\" sizes=\"(max-width: 597px) 100vw, 597px\" \/><\/figure><\/div>\n\n\n\n<ul><li>Copy of identification proof (Passport, Driving license, Voter ID, and Aadhaar card) of trustors and trustees. (Note: the documents should be self-attested) <\/li><li>Copy of utility bills. <\/li><li>Trust deed on a <strong><em>Stamp paper*<\/em><\/strong><\/li><li>Copy of the property registration. <\/li><li>No objection certificate from the owner of a rented property. <\/li><\/ul>\n\n\n\n<p><div class=\"shadow1\"> Stamp paper* is a legal document that carries a pre-printed revenue stamp outlined in a foolscap paper format. Stamp paper comes under the category of the Non-Judicial Stamp Paper that is used for the execution of legal documents such as a power of attorney, sale deeds, land, mortgage, and other critical agreements. At present, the valuation of the stamp paper exists in the following monetary value, those are :- <strong><em>Rs 75,000, Rs 25,000, Rs 20,000, Rs 15,000, Rs 10,000, Rs 5,000, Rs 1,000, Rs 500, and Rs 100. <\/em><\/strong><\/p><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Trust_Deed_Encloses_the_Following_Details\"><\/span>Trust Deed Encloses the Following Details<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul><li>Trust&#8217;s Motive <\/li><li>The trustee and\nsettler&#8217;s basic details include name, occupational background, designation,\nage, contact information, etc. <\/li><li>The total number of\ntrustees.<\/li><li>Address of the\nTrust&#8217;s registered office. <\/li><li>Trust&#8217;s proposed\nname. <\/li><li>Copy of the\nidentification proof of trustee and settler. <\/li><li>Photos (passport\nsize) of trustees and settlers. <\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Documentation_required_for_Trust_Deed_registration_under_Indian_Trusts_Act_1882\"><\/span>Documentation required for Trust Deed\nregistration under Indian Trusts Act, 1882<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul><li>Schedule\n(registration application attest with a court fee INR 100)<\/li><li>Trust deed of\nrequisite value on a stamp paper. <\/li><li>Declaration by all\nthe trustees along with their signature. <\/li><li>Letter of consent by\nthe settlor attest with a court fee INR 10\/. <\/li><li>Identification proof\nof all the settlors and witnesses along with passport size photographs. <\/li><li>Gas, electricity, or\nwater bill of the registered address. <\/li><li>No Objection\nCertificate (NOC) from the owner of the property (trustor). <\/li><li>Settlor&#8217;s signatures\non every page of the trust deed<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Important_Note_on_the_foundation_of_Trust_in_India\"><\/span>Important Note on the foundation of Trust in India <span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>It should be noted that the <strong><em>minimum of two persons can lay down the foundation of the Trust via trust deed<\/em><\/strong>. The trust deed is demonstrated on the non-judicial stamp paper that worth 4% of trust property valuation. Such documents seek the approval of the charities commissioner in the state of Gujarat and Maharastra. The individuals from the other states need to approach the registrar to serve this purpose. The trust deed demonstrates the trust&#8217;s intention, objective, and regulations. Well, that&#8217;s all about the Trust and Documents required for trust registration. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>In general, you don&#8217;t need to arrange a large pile of documents to register a trust. The amount of documentation required in a trust registration is relatively lower than other forms of registration. Also, the process of trust registration is not stringent, either. The parties interested in setting up a trust should clearly define the role and responsibilities to avert future conflicts. <a href=\"https:\/\/corpbiz.io\/\"><strong>CorpBiz<\/strong><\/a> shall be happy to serve you in case you need any assistance in the process of Trust Registration. Our professionals would ensure your seamless process at a minimum cost. <\/p>\n\n\n\n<p class=\"text-left\"><b>Read our article<\/b>:<mark style=\"background: #fffd03 !important\"><a href=\"https:\/\/corpbiz.io\/learning\/advantage-of-trust-registration-in-india\/\">Know the Advantage of Trust Registration in India<\/a><\/mark><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In this article, we will provide comprehensive details regarding documents required for trust registration. As per the Indian Trust act 1982, a trust is a form of organisation where the owner transfers its property to the second person, aka trustee, so that the third person can benefit from it. The transfer of such property cannot [&hellip;]<\/p>\n","protected":false},"author":22,"featured_media":16102,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[324],"tags":[984],"acf":{"service_id":"10"},"authorName":"Pankaj Tyagi","authorImageUrl":"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2022\/01\/MicrosoftTeams-image-42.jpg","authorDescription":"Pankaj has a diverse experience of writing research papers, blog, and articles during his college time. Earlier, he was working as a tax consultant in a financial firm, but his interest in writing drives him to pursue a career in the writing field.","postViews":62010,"readingTime":4,"_links":{"self":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/16100"}],"collection":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/comments?post=16100"}],"version-history":[{"count":18,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/16100\/revisions"}],"predecessor-version":[{"id":16139,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/16100\/revisions\/16139"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media\/16102"}],"wp:attachment":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media?parent=16100"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/categories?post=16100"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/tags?post=16100"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}