In India, charitable organizations and NGOs are widely registered under Indian Trust ACT 1982. Tamil Nadu does not have a separate Act for Trust registration, however, registration of trust deeds with a registration department of the respective area is mandatory. We specialized in customized trust deed drafting and registration of trusts and further compliance.
What is Trust registration ?
Trust is a separate legal entity registered as per Indian Trust ACT 1982. Trust Act 1982 specifies who can be register a trust, What are the responsibilities and rights of the founders, trustees, and beneficiaries. The is no separate ACT for Tamil Nadu and central act is adopted as it is, and few amendments were made by state government in relation to holding of agricultural land by trusts. The founder is the person who is also called author, entrusts properties towards the objects of the trusts to the trustee.
How to register a trust in Chennai ?
Trust registration in Chennai can be completed with the minimum of two members, there should be a founder and trustee for registration of trusts. A trust deed is first drafted with details of founders, their contribution towards the properties of the trusts, rights of responsibilities of the trustee and other rules. After the trust deed is drafted, the trust is registered with the respective state registration office. After completion of Trust registration, PAN card is applied for Trust.
What are the details and documents required for Trust registration in Chennai ?
- Filled up Trust registration checklist.
- Aadhaar card and PAN card of all the founders and trustees.
- E-mail id and mobile NOS of founders and trustees.
- Details regarding any specific points to be added, etc.
Steps to Register
Initial discussion
Trust deed drafting
Appointment for Registrtion
Registration of Trust DEED
Application for PAN card
Consultation
From Auditor DESK
Trust registration is primarily done for carrying out the charitable activities and other activities which are for advancements of public, so it is recommended to register trust only for the recommended objectives. In case of Trust is registered for pure business activities, it will add up to additional tax burden and legal compliance.Frequently Asked Questions
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