Trust Registration

Trust Registration

A Trust is a closer system of a registered body with limited membership. It can be a family trust or a public trust. Election of office-bearers is not compulsory. Normally Trusts are created by dedicating some property to a charitable purpose, however, some cash fund may also be spared by the trust or trustees for charitable purpose while creating a trust.

The main instrument of declaring a trust is the Trust Deed, which should be made on non-judicial stamp papers pf, prescribed fee and signed by the trustee or trustees for submission to the Registrar concerned. In case of trust the registrar or sub-registrar having authority to register properties has the authority to register the Trust Deed. Therefore, Trust Deed of the proposed Trust may be registered with Tehsildar, or registrar properties and endowment at the district collectorate. In metropolitan cities separate offices of registrar of properties and endowments do function. The Trust Deed should contain name(s) of the author(s), settler(s) of the trust; the name(s) of the trustee(s); the name(s) if any, of the beneficiary/ies or whether it shall be public at large; name of the trust; address of the trust; objects of the trust; procedure of appointment, removal or replacement of a trustee, their rights, duties and powers, etc; the mode and method of determination of the trust etc.

The trust Deed in duplicate should be submitted for registration along with proof of addresses of the author(s)/settler(s)/trustee(s) of the trust. The author(s)/settler(s) or all the trustees should sign on all the pages of the Trust Deed before the registrar. If required passport size photos of each of the signatory should also be pasted on the Trust Deed. The registrar is likely to verify credentials of the applicants and check the proof of address, photographs, proof of the registered office, etc.

After completion of the formality a nominal fee will be charged by the registrar (excluding the stamp duty) and after making due marks and signature of the registrar the original copy of the trust Deed will be handed over to the authorised person. For any subsequent amendments in the name and objectives of the registered trust, registration of supplementary deed with the registrar concerned would be required. {loadformmaker 2}