Trust Registration is a form of association of people coming together for a non-profit purpose. As per the Indian Trust Act, 1882, a trust is an organisation wherein the trustor/owner transfers his property to the trustee for the benefit of the beneficiary/third person. It can be formed with various objectives like the relief of poverty, education, medical relief, or any other object of general utility. Any person who can hold property can be a trustee and he must fulfil the objective of the trust for which it is created. There are two types of trust: Public Trust & Private Trust. Public trust is created for the benefit of the public like for any charitable or religious purpose. A private trust is created for the benefit of private people like family members, friends, relatives etc. In India, there is no specific act for public trust; however, some states have their Public Trust Acts like Maharashtra. At firststartup, our team of experts will help you with Online Trust Registration with complete compliance in 10 days.

Benefits of Trust Registration

Documents Needed

• Identity Proof of Trustor & Trustee (i.e. PAN)
• Trust Deed on a Stamp Paper
• Covering letter stating the objective of Trust
• Consent of Trustee
• Address Proof of Trustor & Trustee
• Address proof of Registered office
• Proof of Nationality for Foreign Nationals
• Latest Electricity bill, telephone bill & Bank statement of Trustor & Trustee
• Photo of all the persons forming part of Trust Deed
• If property on rent, then rent agreement with NOC from landlord
• Details of Trust Property

Essential Elements of Trust Deed

• Objectives of Trust
• Personal information of Trustor and Trustee (Like Name, Age, Father's Name, address, designation etc.)
• Details of Number of Trustee
• Registered address of Trust
• Rules and regulations of Trust
• Name of Trust
• Identity proof of persons mentioned on Trust Deed
• Passport Size Photograph
• Details of Assets of Trust

Steps to Register a Trust

1. Fill our Trust formation form online
2. Apply for unique name approval (Mandatory requirements should also be complied before forms submission)
3. Determine the number of trustees
4. Preparation of trust deed
5. Register with sub registrar (Registrar will issue a stamped deed if the papers & forms are in order)
6. Apply for TAN & PAN of the Trust
7. Open a Bank account

firststartup helps to provide basic accounting work and compliances at a very affordable price range that starts from INR 15,000/- per year. At firststartup, we give following compliance and accounting work at a very competitive range:

• PAN Card Issuance
• Maintenance of books of accounts
• Audit of books of accounts on annual basis
• Annual Income Tax Filings
• Shops and Establishment License - in case of employment
• Professional Tax Registration - if applicable
• GST Registration - if applicable