NGO - TRUST REGISTRATION

WHAT IS TRUST?

As per the Indian Trust Act 1882, a NGO Trust is a preparation where the holder or owner transmits the belongings to somebody else or trustees for the advantage of beneficiary or recipient. NGO Trust is registered and mention under the state laws.

A NGO trust is basically stood for a non-governmental organization and it is a lawfully recognized association which is been undertaken or created by usual or ordinary individuals that activate separately devoid of interfering of the government or anyone’s else.

Ignis legal care offer the finest way to NGO trust registration  If you want to get the NGO trust registration then you can contact us by call on +91- 9829303123 on Ignislegalcare for the free consultation and for to get in touch with our compliance manager. 

TYPES OF TRUST

Trusts can be classified into two categories:

1.      PUBLIC TRUST: It is a trust whose beneficiaries include the public at large. Public Trust is further subdivided into two parts:

·         Public Charitable Trust;

·         Public Religious Trust.

2.       PRIVATE TRUST: A private Trust is the one whose beneficiaries include families or individuals.

Private trust is further subdivided into two parts:

·         Private Trusts whose beneficiaries and their requisite shares both can be determined;

·         The Private Trusts who’s both or either the beneficiaries and their requisite shares cannot be determined.

12A AND 80G CERTIFICATES

Income Tax Department issues 12A certificate to the trusts or NGOs. Any trust that has 12A certificate is not liable to pay Income tax for the entire lifetime on its surplus income.

A Trust must acquire 80G certificate. This certification gives the donor a permission to avail the benefit of deduction at the time of making donation.

TRUST REGISTRATION PROCESS

1. SELECTION OF NAME OF TRUST:

First thing is to select a unique name of your trust, the name should not violate or infringes someone else name or trademark.

2. DRAFTING OF TRUST DEED:

The trust deed needs to be drafted wherein the parties to the deed shall be settler (author of the trust deed), the trustee and the beneficiary.

3. FILING OF DOCUMENTS:

Filing documents before the registrar of the trust having jurisdictions for the registration of Trust.

4. APPLY FOR PAN, TAN, GST REGISTRATION, OPENING OF BANK ACCOUNT:

After registration of the trust, the next step is to apply for allotment of PAN Number and TAN, GST Registration and thereafter opening of a bank Account.

DOCUMENTS REQUIRED FOR REGISTRATION OF TRUST

·         Photograph of all trustees and author

·         Rent agreement or ownership documents and NOC signed by the landowner

·         ID proof of all trustees and author

·         Trust deed

·         PAN card of settler and each trustee

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