What is Trust?

A trust is a special arrangement set up to help others. It’s like a promise where someone (the trustor) gives something valuable, like money or property, to someone else (the trustee) to look after for the benefit of another person (the beneficiary). This arrangement is all written down in a document called the trust deed, which is a bit like a contract.

When you register a trust, you’re making it official and following the rules. It’s a way to make sure everything is legal and everyone involved knows what they’re supposed to do. Trusts are usually made for good reasons, like helping with education, healthcare, or other important things for people in need.

Application Requirements for Trust Registration

• Minimum Number of People: You need at least two or more individuals to form a trust.
• Following Trust Act: The trust must be set up according to the rules in the Indian Trusts Act of 1882.
• No Legal Disqualifications: None of the people involved should have legal issues that prevent them from being part of the trust.
• Compliance with Laws: The trust’s goals should not break any laws in India.
• Fair Conduct: The person in charge (trustee) should act fairly and justly.
• Public Interest: The trust’s formation should be in the public’s interest and not against any laws.
• No Harm: The trust’s activities should not harm anyone.
• Alignment with Objectives: What the trust does should match what’s written in the trust deed, which is like its rulebook.
• Proper Trust Deed: The trust deed (the document that sets the trust’s rules) should be well-written and reflect everyone’s genuine interests.
• Valid Goals: If the trust has more than one goal, they should all be valid and make sense. If one goal is reasonable and the other isn’t, the trust can’t be registered.

Documents Needed to Register a Trust

• Trust Deed: This is like the rulebook for the trust, and it needs to be properly written with the right stamp value.
• Photographs: Two photos of the people involved in the trust.
• PAN Cards: The PAN cards of the individuals connected to the trust.
• Address Proof: Documents that show where the individuals live.
• Identity Proof: Papers that prove who the individuals are.
• Partner Authentication: If there are partners, they need to give their approval (if applicable).
• No Objection Certificate: If the place where the trust will work isn’t owned by the trust, there should be a certificate from the owner saying it’s okay to use it.
• Utility Bill: Any bill that shows the address of the trust’s office.
• Tax Certificates: If needed, you might have to get certificates from the income tax authorities to claim deduction