Valcus Pvt. Ltd.

Home Trust Registration

The initial stage to register a trust commence with the formulating of a trust deed. The trust deed is to be executed on appropriate non-judicial stamp paper, the rate of stamp duty varies from state to state. The next stage is to obtain an appointment with the sub-registrar office possessing jurisdiction based on the registered office of the trust, and the government registration fee is to be paid after this process. On the appointed date the trust deed is presented before the sub-registrar where all trustees required to be present along with two witnesses. The registration process is then undertaken at by the office of the sub-registrar, and the registered deed can be collected after a week time. The purpose for which a public trust can be created is for the benefit of general public, and the same must be clearly prescribed in the trust deed, as it guides its work in the course of time. Generally a public trust is formulated for setting up a school, colleges, other educational initiatives, hospital, old age homes, orphanage, for promotion of child health and their empowerment, welfare of weaker section of society, and for fulfillment of Corporate Social Responsibilities (CSR) by companies under section 135 of the Companies Act, 2013.