Trust Registration In Gujarat
Our team of experts will help you drafting a trust deed and MOA. We will also proceed further in registering trust to your respective state registrar and will get 80G and 12AA certifications if you wish to obtian that also. For more queries feel free to ask us.
Brief about Trust Registration In Gujarat
Any organizations or an individuals or any group of individuals wants to carry out charitable activities in India can do so by forming a trust. In India, one can carry out charitable activities by forming trust, society or section 08 company under companies act. The most convenient way of doing such activities is by forming trust. Charitable activities may includes social welfares, special children’s welfare’s, welfares for disabled or specially abled people, girl’s education, and so on.
What do we mean by trust Registration?
What are the categories of trusts?
Public Trust
It is a trust whose beneficiaries include the public at large. Further, a Public Trust can be further subdivided into Public Charitable Trust and Public Religious Trust.
Private Trust
A private Trust is the one whose beneficiaries include families or individuals. Further, a Private Trust can be subdivided into:
Private Trusts whose beneficiaries and their requisite shares both can be determined.
The Private Trusts whose both or either the beneficiaries and their requisite shares cannot be determined.
The Online Trust registration process In Gujarat
1) The first step towards formulating trust or an NGO is to decide the name. the name should be in accordance with Emblems and Names act-1950.
2) Decide the numbers of trustees and settlers. There is no specific restrictions as to number of trustees and settlers.
3) Next step is to draft a trust deed and Memorandum of Association of trust where the governing terms and conditions or rules and regulations of the trust takes place. The Trust Deed must be prepared on stamp paper. The value of this stamp paper is of a certain percentage of the total value of the Trust’s property. Further, this percentage varies from state to state. Memorandum of Association shall consist of the relationship of the trustor and the trustees and must specify the objectives for which the trust is being formed. Such a document should contain the names, addresses and occupations of all the members along with their signatures.
4) collect all other documents and submit it to the state registrar of trusts for getting registration certificates.
5) On verification of all documents submitted, the registrar if found everything proper will issue a registration certificate.
Other Documents:
- Trust Deed
- Self attested copy of the proof of identity of the settler (Aadhaar card, passport, voter ID, driving license or any such photo ID)
- Self attested copy of the proof of identity of each trustee (Aadhaar card, passport, voter ID, driving license or any such photo ID)
- PAN card of all settlers and trustees
- Proof of the registered office address of the Trust (electricity/water bill or registration certificate)
- Non Objection letter signed by the land owner
Income tax angel of Trust Registration
Get certification under section 12AA and section 80G:
A Trust or an NGO can acquire 12A certificate from the Income Tax Department. Any Trust acquiring such a certificate is exempted to pay income tax for the entire lifetime on its surplus income. Also, an NGO must obtain 80G certificate. This certificate allows donors, that is persons or organizations making donations to an 80G certified NGO, to avail deduction from their respective incomes. Thus, such a deduction is given to the donors under section 80G of the Income Tax Act. By availing this certificates, trust can attract more doners because of income tax benefits to donors.
