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Trust is defined as to have faith, confidence or hope in someone or something.

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Trust ! Acceptance, Assurance...

Key Features & Benefits

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Law for Trust Registration

Trusts are governed by Relevant state trust act or Bombay Public Trusts Act.

Number of Person

2 persons are required to form a trust with no upper limit

Stamp Duty Required

Trust is set up by a trust deed on non-judicial stamp paper worth some percentage of the value of the trust property (Stamp duty varies from state to state).

Trust Deed

Trust deed contains the aims and objectives of forming a trust and the mode of management of the trust.

Changes in Composition

The composition of the board changes mainly by appointment and not election.

Main Object Alteration

Alteration of the objects laid down in the trust deed is difficult and only the settler can modify them.

Myths

Myths have only imaginary existence, to know the reality, discuss with professionals.

Package

Trust Registration Packages

LITE

  • 1. Trust Deed
  • 2. Registration Certificate
  • 3. PAN/TAN Acknowledgement
  • 4. Minimum 2 Members Required
  • 5. Call us For EMI Option
  • 6. Delivered in 30 Days
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BASIC

  • 1. Package-1+
  • 2. Trademark Filing
  • 3. ISO Certification
  • 4. GST Registration
  • 5. Call us For EMI Option
  • 6. Delivered in 30 Days
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STANDARD

  • 1. Package-2+
  • 2. Income Tax Compliances
  • 3. GST Compliances
  • 4. Call us For Monthly Subscription
  • 5. Delivered before Due Date
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We do it with MONEY BACK GUARANTEE for Trust Registration in JUST 7 DAYS

We concern the matters relating to false guarantees and specifically addressed the same by providing the MONEY BACK GUARANTEE for the service in simply 7 working days. When an individual not absolutely pleased with the services for which he paid, he might standup the disappointment with a describing observation. We maintain with precaution and issue a refund or credit the charge card according to the internal refund policy.

Process of Trust Registration

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  • Selection of name of trust

    First thing is to select a unique name of trust. The name should not be similar with any other trust name, trademark, once name is finalised further documnets can be prepared.

  • Drafting of trust deed

    The trust deed needs to be drafted wherein the parties to the deed shall be involves. Parties named as settlor, the trustee and the beneficiary. Stamp paper value will be amounted to a fix percentage of property value and trust deed will be on stamp paper. (The rate depends upon the state to state).

  • Trust registration

    It is required to register the trust deed with the nearby local registrar of trust having jurisdiction as per the Indian Trusts Act, 1882. Submit all other kyc like trust deed on stamp paper, copy of id proof of settlor, trustee and witness.

  • Submit to registrar of trust and signature over the documents

    At the time of registration, the settler with 2 witnesses will be personally present along with original identity proof. The registrar kept the photocopy & returns the original registered copy of the trust deed to parties. Settlor will put his sign on all the pages of photocopy of trust deed.

  • Opening of bank account

    After completion of trust registration, Trustee will apply for pan card of trust that will used in opening a bank account and then comply the provision of Income tax act.

Documents Required For Trust Registration

If you want to lift yourself up, lift up someone else

  • Name of trust
  • Business details
  • Trust Deed on stamp paper of the requisite value with initial capital
  • Rights and responsibilities of all three parties named as settlor, trustee and beneficiary

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FAQ's

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  • Who manage the trust?

    A trust is an arrangement between 3 parties; one is trustee who controls the property for the benefit of another person who is known as the beneficiary. The person who creates the trust will be known as settlor.

  • How many types of Trust?

    There are two type of trust. A public trust generally charitable trust that is created for the benefit of the general public whereas in private trust, benefits are created in favor of particular individual or group of individuals. Those individual will be known as beneficiary.

  • How many trustees are required to form a trust?

    A trust needs a minimum two trustees and no limit for maximum. The board of management comprises the trustees. An application will be filed by trustee to registrar of trust having jurisdiction over the location in which the trust is being to be registered.

  • Can the trustee also be a beneficiary?

    Yes, this statement is correct as a trustee can act as a beneficiary also. A trust's owner may appoint a beneficiary who receives benefits (income and assets) from the trust. Original trustee can be replace by the beneficiary if it seems that trustee is not fit and using his rights in illegal way or violating his legal responsibilities.

  • Who is the owner of the trust?

    To create a trust, the property owner called as settlor who transfers a possession to a person or group called the trustee to control that property. The property will be managed for the benefit of some group of person or an individual person called the beneficiary. The trustee receives compensation or commission for his management role.

  • How the trust will pay taxes on its funds?

    In general, any income generates by the trust’s asset then that income will be taxable under income tax act. But if the trust pays any portion of its income to beneficiary, then the trust is eligible to get a deduction for any distributable net income. If trust has any undistributed income then on that income trust will pay taxes.

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