Aanoor Global

Charitable Trust, NGO Registration in Chennai

People found that they cannot be approaching the government elected by them for all the support and help to society, they organized themselves to form entities in name of Trust and Non-Profitable or Non-Government organizations. The formation and functioning of these entities must abide by local laws and registered as per various laws including Indian Trust Act 1882, Companies Act 2013.

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What is the Trust Registration?

Trust is registered and managed by the act of the Indian trust. Trust registration is the process of legally establishing a trust in India. A trust is a legal entity that holds assets for the benefit of a beneficiary or beneficiaries. Trusts can be used for a variety of purposes, such as charitable giving, managing assets for minors, or providing for the elderly.

Trust/NGO Registration Includes

  • Trust Registration Copy.
  • Deed of the Trust.
  • Trust PAN Copy.
  • Consultation and guidance

Documents required for Trust/NGO Registration

  • An electricity bill or water bill stating the address which is registered.
  • The identity proof of two members of the company and the proof includes driving license, Aadhaar card, passport, and voter ID card.
  • The details of trustees like Occupation, Age, designation, email address, two photographs, name, address, age, and more.
  • Rent deed duly notarized along with NOC form landlord in case of the rented property.
  • The physical presence of two witnesses at the registration ID along with original ID proof.

Why Aanoor Global for Trust/NGO Registration?

  • Approach us with your ideas.
  • We will provide legal and financial perspectives for formation and assist obtaining all the required documents mentioned.
  • Online registration of Newly formed Trusts/NGOs
  • Expert advice and End to end solutions to all your queries.

Benefits of registering a trust

Legal protection

Registered trusts are afforded certain legal protections that unregistered trusts do not have. Get recognized rather than being just a Name. The legal organization status makes sure that they are suitable for all donations and funds they collect.

Tax benefits

Registered trusts may be eligible for certain tax benefits, such as exemption 12A, 80G from income tax.

Public accountability

Registered trusts are subject to public scrutiny, which can help to ensure that they are being operated in a transparent and accountable manner.

Transparency

Public document which gives Trust to beneficiaries/Common Public to manage money.

Important aspects of Trust/NGO

Settlor

The Person who creates a trust usually called as Guarantor.

Trustee

The Person who is held responsible and accountable acting in fiduciary capacity on asset of the trust and its activities i.e., legal owner of the trust properties.

Beneficiary

Whoever received the benefits derived out of the trust i.e., beneficial owners of the trust property.

Revocable Trust

The trust can be revoked at any point of time by the guarantor and changes can be made in terms of beneficiaries, assets distribution etc. Revocable trust becomes irrevocable on demise of the guarantor or as per any condition given in the trust deed is met.

Irrevocable Trust

As the name specifies it cannot be revoked once its registered.

The Trust Registration procedure in Chennai

1

Prepare the trust deed

The trust deed is a legal document that outlines the purpose of the trust, the assets that are being transferred to the trust, and the names of the trustees. The trust deed must be drafted by a lawyer and should be in accordance with the Indian Trusts Act, 1882.

2

Submit the trust deed to the registrar of trusts

The trust deed must be submitted to the registrar of trusts in the state where the trust will be registered. The registrar of trusts will review the trust deed and approve it if it is in accordance with the law.

3

Pay the registration fee

There is a registration fee payable to the registrar of trusts. The amount of the registration fee changes from state to state.

4

Wait for the registrar to approve your registration

Once the registrar of trusts has approved your registration, you will be issued a certificate of registration. This certificate will be required for various purposes, such as opening a bank account for the trust or applying for tax exemption.

5

Apply for PAN & Tax Exemption

Application for Trust PAN with income tax department, on receipt or approval of PAN we can go for other tax exemption benefits for trust.

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