Overview
A Non-Profit Organization is registered as a Trust under the Indian Trust Act, 1882. Trust registration in India typically takes 10 to 15 days. A minimum of 2 members is required for trust formation. Trusts are mainly created for charitable and social service activities, and the process is simple and cost-effective with the help of Abi Accounts.
Benefits of Trust Registration
Trusts are eligible for tax exemptions (post-approval) and donors may receive tax benefits under Section 80G of the Income Tax Act. Recognized charitable activities include education, medical aid, preservation of heritage, public utility support, and more.
Legal Definition
A Trust is an agreement where trustees hold legal title to property for the benefit of others or for charitable purposes. Trustees are responsible for managing, protecting, and channeling the Trust’s income in accordance with the creator’s intent.
Public Trust Objectives
- To build and run schools or colleges
- To provide medical aid through hospitals and nursing homes
- To set up old age homes for elderly and handicapped
- To support women’s and children’s health and empowerment
- To provide social and community support
- To run training programs for the backward and poor communities
Documents Required
- Name of the Trust
- Main objective of the Trust
- Registered office address proof (including rental agreement, if applicable)
- Copy of PAN and Aadhar card of Trustees
- Corpus / Initial funding amount
- Name of the Managing Trustee
Private Trust Objectives
- To provide welfare and facilities to a particular family
- To manage and protect private property
Trust Registration Fee: Rs.7500 (All Inclusive)
