Trusts

A trust conventionally arises when property is transferred by one party to be held by another party for the benefit of a third party. A public charitable trust is usually floated when there is property involved, especially in terms of land and building.

Legislation: Every state has it own Trust Acts in force , in the absence of Trust act in the state or territory general principle of Indian Trust act 1882 are applied.

Legal instrument: TRUST DEED, it includes aims & objectives, mode of Trust, clearly spell out the management, how other trustees may be appointed or removed , should be executed on non-judicial stamp paper depending on the valuation of the trust property.

Registration Place: In the jurisdiction of the region where the Trust is going to operate , application form should be submitted along with the copy of Trust deed ,Affidavit and Consent Letter to the regional office of the charity commissioner or notary.