Trust

A trust is a convenient method whereby a limited number of persons may hold property on behalf of other persons, who may be a large or fluctuating body or who may include persons not yet born. Once the property has been vested in the trustees, they own the property, but they are compelled by law to exercise their ownership for the benefits of the beneficiaries and for them only. It means that legal ownership vests in the trustee or trustees but beneficiaries have de facto ownership.

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A Trust may be private and public

Private Trust:- When the purpose of the trust is to benefit an individual or a group of individuals or his or their descendants for any legal person and who is capable of holding property, it is a private trust.
Public Trust:-When the purpose of the trust is to the benefit the public or any section of the public, it is public trust.

Documents Required for Trust Registration

Name of the trust.
Trust Deed
Minimum two members’ identity proof required. (Voter ID | Driving License | Passport | Adhaar Card.)
One electricity or water bill of registered address.
For the purpose of registration, settler or trustees and at least two witnesses must be physically present at the office of sub-registrar.

WMC is the best consultancy services platform in India, offering a various kind of services like to start a business and manage business such as Incorporation of Company, LLP, Registration of Partnership Firm etc. and trademark filing, tax registration, tax filing and GST registration and their filing.

WMC can help you to register of Trust. The average time taken to draft and file registration of Trust is about 5 - 10 working days, subject to government processing time and client document submission. Get a free consultation to registration of Trust by scheduling an appointment with a WMC Advisor