To avail of the benefits of Trust in India, it is compulsory to get Trust Registration Certificate. Contact us & get the Trust Registration done. We will help you from the advisory to guidance on compliance regarding Trust Registration.
A Trust is an arrangement where the owner or Trust or of Trust transfers the property to a trustee. Such transfer of property is done for the benefit of a third party. The property is transferred to the Trustee by the Trust or along with a proclamation that the property should be held by the Trustee for the beneficiaries of the Trust. The Indian Trust Act 1882, provides for the provisions related to Trust in India. The Trust Registration is advisable in India for obtaining the benefits. Different Types of Trusts in India 1. Public Trust: A Public Trust is one whose beneficiaries include the common public at large. Furthermore, a Public Trust in India can be further subdivided into Public Religious Trust and Public Charitable Trust. 2. Private Trust: In India, a Private Trust is one whose beneficiaries include individuals or families. Furthermore, a Private Trust in India can be subdivided into the following categories: A Private Trust whose beneficiaries and requisite shares both can be easily determined; A Private Trust whose both or either the beneficiaries or requisite shares cannot be easily determined.
