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Trust Registration

Establish your trust with legal clarity and structured governance for long-term impact.

Register your company at just ₹3000 in India

(govt fees + tax extra)

Within 10 working days

A Trust is a legal arrangement where property or assets are entrusted to a group of individuals or an entity (trustees) to manage and utilize for the benefit of specific beneficiaries or the public at large. Trusts play a crucial role in advancing charitable, educational, religious, and other philanthropic objectives.

Start your trust registration with expert assistance today.

Ensure compliance, clarity, and smooth setup from day one.

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Trust Registration with Targolegal

Step 01

Drafting the Trust Deed

Preparation of the trust deed outlining key details such as objectives, trustees, beneficiaries, and operational framework to ensure legal clarity and compliance.

Step 02

Execution of the Trust Deed

The finalized trust deed is executed on the appropriate stamp paper and signed by the settlor and trustees in the presence of witnesses.

Step 03

Registration of the Trust

Submission of the trust deed and required documents to the local registrar for official registration, making the trust legally valid.

Step 04

Tax Certifications (if applicable)

Application for relevant tax registrations such as PAN, TAN, and exemptions like 12A and 80G to avail tax benefits and ensure compliance.

Types of Trusts

Features

Key Features of a Trust

Considerations

Key Considerations for Trust Registration

01

Minimum Number of Trustees

A trust typically requires a minimum of two trustees to be formed, ensuring proper management and governance, while there is no upper limit on the number of trustees.

02

Objectives

Clearly defining the purpose, scope, and goals of the trust in the Trust Deed is essential to ensure transparency, direction, and effective functioning.

03

Tax Exemptions

Public trusts can apply for relevant certifications such as 12A and 80G to avail tax benefits, enabling better utilization of funds toward their objectives.

04

Compliance

Trusts must comply with applicable legal requirements, including maintaining records and filing necessary returns, to ensure smooth operations and legal validity.

Documents

Documents Required for Trust Registration

01

PAN Card

PAN card of the settlor and all trustees is required for identification and tax-related compliance.

02

Identity Proof

Government-issued identity proof such as Aadhaar, Passport, or Voter ID of all involved parties.

03

Address Proof

Registered office address proof such as electricity bill, rent agreement, or ownership documents.

04

Photographs

Passport-sized photographs of the settlor and all trustees for official records and documentation.

05

Trust Objectives & Contribution

Details of the trust’s objectives along with information about the initial contribution, if applicable.

06

Trust Deed Draft

A complete draft of the Trust Deed outlining structure, rules, and purpose of the trust.

Trust Registration

Why Choose Us

Whether you wish to create a private trust for family purposes or a public trust for societal benefit, we are here to provide expert guidance every step of the way.

Compare your options before incorporation of company

An introduction about a business or start up formation option is vital for deciding the right form of business registration. The Companies Act, 2013 and Limited Liability Partnership Act, 2008 have brought about more business formation choices for entrepreneurs.

The key factors that influence the legal form of a business are, the nature of your business, customer's profile (corporate, small businesses or individuals), expected business turnover, scalability of your business idea, and future funding prospectus.

Every entrepreneur/promoter should take the effort to know about the pros and cons of these legal forms for new company registration so as to choose the best for your Company.

We at Targolegal also offer Private Firm, LLP, OPC registrations, and many more services that may suit your registration requirements.

Feel free to contact us for details regarding the Registration Cost of Sole Proprietorship, and to know more about, how to register a company.

Do I need a Registration?Yes, Ministry of Corporate Affairs registers Private limited company under the Companies Act, 2013
What type of business names can I keep?Firstly, submit a set of names to Registrar of Companies, wait for approval from Registrar. Best practice is that the names submitted must be inoffensive, legal and not similar to any registered LLPs or companies
How risky is it for me?Private Limited Company is a separate legal person in the eyes of law, registered under Companies Act 2013. So, the shareholders are not responsible for business liabilities.
To what extent is each member of the business liable?Liability is limited to his/her share capital contribution.
Tell me the minimum membership limit2 People
Is foreign ownership allowed?Yes
How much will I get taxedProfits get taxed at 25% plus cess and surcharge. Is applicable if profit exceeds 1 Cr
What are my annual tax filing norms?Every financial year Private Limited Company must file Annual Accounts and Annual Return with the Registrar of Companies. Plus, Income Tax must be filed separately.
Is Annual Audit Required?Statutory audit is to be conducted irrespective of business transaction and turnover. Income tax audit is applicable if turnover exceeds 2 Crs
Can I convert my business into any other legal form?Yes, Private Limited Company can be converted into a Public Company or LLP. Even, Public Limited Company can be converted into a Private Limited Company.
Compulsory Conversion to Private Limited Company Applicable?NO
Do I need a Registration?Ministry of Corporate Affairs registers an LLP business under the Limited Liability Partnership Act, 2008.
What type of business names can I keep?Firstly, submit a set of names to Registrar of Companies, wait for approval from Registrar. Best practice is that the names submitted must be inoffensive, legal and not similar to any registered LLPs or companies
How risky is it for me?"LLP" is a separate legal person in the eyes of law, registered under LLP Act 2008. So, the partners are not responsible for business liabilities.
To what extent is each member of the business liable?Liable to the extent of their contribution (in money, in kind or in services extended) to the LLP
Tell me the minimum membership limit2 People
Is foreign ownership allowed?Yes
How much will I get taxedProfits get taxed at 30% plus cess and surcharge. Is applicable if profit exceeds 1 Cr
What are my annual tax filing norms?Every financial year Annual Statement of Accounts & Solvency and Annual Return with the Registrar Plus, Income Tax must be filed separately.
Is Annual Audit Required?Statutory audit is to be conducted if partners contribution exceeds 25 lakhs or turnover exceeds 40 lakhs. Income tax audit is applicable if turnover exceeds 2 Crs
Can I convert my business into any other legal form?Yes, Private Limited Company can be converted into a Public Company or LLP. Even, Public Limited Company can be converted into a Private Limited Company.
Compulsory Conversion to Private Limited Company Applicable?NO
Do I need a Registration?Yes, Register with Registration of Firms
What type of business names can I keep?Firm can use any name that he likes, but avoiding names already trademarked is advisable
How risky is it for me?Partners will stand liable for the liabilities of the business
To what extent is each member of the business liable?Unlimited liability
Tell me the minimum membership limit2 People
Is foreign ownership allowed?No
How much will I get taxedProfits get taxed at 30% plus cess and surcharge. Is applicable if profit exceeds 1 Cr
What are my annual tax filing norms?Only Income Tax must be filed for the income of firm and partners.
Is Annual Audit Required?Only income tax audit is applicable if the turnover exceeds limit of 2 Cr
Can I convert my business into any other legal form?Yes, Partnership can be converted into a Private Limited Company or LLP
Compulsory Conversion to Private Limited Company Applicable?NO
Do I need a Registration?Yes, Ministry of Corporate Affairs registers One Person Companies under the Companies Act, 2013
What type of business names can I keep?Firstly, submit a set of names to Registrar of Companies, wait for approval from Registrar. Best practice is that the names submitted must be inoffensive, legal and not similar to any registered LLPs or companies
How risky is it for me?OPC is a separate legal person in the eyes of law. So, the share holder is not responsible for business liabilities.
To what extent is each member of the business liable?Liability is limited to his/her share capital contribution
Tell me the minimum membership limit1 Person
Is foreign ownership allowed?NA
How much will I get taxedProfits get taxed at 25% plus cess and surcharge. Is applicable if profit exceeds 1 Cr.
What are my annual tax filing norms?Every financial year OPC must file Annual Accounts and Annual Return with the Registrar of Companies. Plus, Income Tax must be filed separately
Is Annual Audit Required?Statutory audit is to be conducted irrespective of business transaction and turnover. Income tax audit is applicable if turnover exceeds 2 Crs.
Can I convert my business into any other legal form?OPC could be converted into any legal form. But, it depends on the number of promoters, business operations, funding requirements and other factors. Limited Liability Partnership or Private Company is preferred by promoters when seeking expansion of their OPC
Compulsory Conversion to Private Limited Company Applicable?NO
Do I need a Registration?No legal requirement to do so.
What type of business names can I keep?Promoter can use any name that he likes, but avoiding names already trademarked is advisable
How risky is it for me?Promoter will stand liable for the liabilities of the business. Because the business is not considered as a separate legal person/entity
To what extent is each member of the business liable?Unlimited liability.
Tell me the minimum membership limit1 Person
Is foreign ownership allowed?NA
How much will I get taxedIndividual income tax slab of the proprietor is the basis of taxation.
What are my annual tax filing norms?Only Income Tax must be filed on the basis on proprietor's income.
Is Annual Audit Required?Only income tax audit is applicable if the turnover exceeds limit of 2 Cr.
Can I convert my business into any other legal form?No
Compulsory Conversion to Private Limited Company Applicable?Yes, if turnover exceeds 2 cr

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FAQs

Yes, a registered Trust can own and manage property in its name.

The registration fee varies depending on the state and the value of the Trust’s property.

No, a Trust Deed is essential for the registration of a Trust.

Yes, obtaining a Permanent Account Number (PAN) is mandatory for a registered Trust.

A Trustee manages the Trust’s assets and ensures the Trust’s objectives are fulfilled as per the Trust Deed.

Trusts in India are governed by the Indian Trusts Act, 1882 for private trusts and by relevant state laws for public trusts.

Any individual who is competent to contract (above 18 years, of sound mind) or an organization can create a Trust.

Public Charitable Trusts can avail of tax exemptions under Sections 11, 12, and 80G of the Income Tax Act, 1961.

Yes, a Trust can be dissolved as per the provisions laid out in its Trust Deed or by court order.

A Trust can be registered with the local Sub-Registrar Office in the jurisdiction where the Trust’s registered office is located.

A minimum of two trustees is required to register a Trust. However, there is no upper limit on the number of trustees.

The Trust registration process typically takes 7 to 10 working days, provided all required documents are in order and submitted correctly.

Yes, with the appropriate permissions and Foreign Contribution Regulation Act (FCRA) compliance, a Trust can operate internationally.

Registration of a Public Trust is mandatory under state laws for claiming tax exemptions and legal recognition. For Private Trusts, registration is necessary if immovable property is involved.

Yes, we can! Based on your objectives and specific requirements, we assist in identifying the most suitable legal structure, whether it’s a private trust, public trust, or another legal entity, to ensure alignment with your goals and compliance with applicable laws.

A Trust Deed is a legal document that serves as the foundation of a Trust. It outlines the objectives, governance structure, roles, and responsibilities of the trustees. The Trust Deed must be executed on stamp paper of appropriate value and registered with the local Registrar.

  • Legal recognition
  • Tax benefits
  • Credibility and trust among stakeholders
  • Trust Deed
  • ID and address proofs of the Settlor and Trustees
  • Proof of address of the Trust’s registered office
  • Passport-sized photographs
  • Name and address of the Trust
  • Objectives of the Trust
  • Details of the Trustees and Settlors
  • Beneficiaries
  • Mode of management and operation of the Trust
  • Rules for amendment or dissolution

Trusts are broadly classified into:

  • Private Trusts: Created for the benefit of specific individuals or a defined group of beneficiaries.
  • Public Trusts: Established for the welfare of the general public, often for charitable, religious, or educational purposes.

The process of forming a Trust involves:

  • Drafting the Trust Deed, which includes the name, objectives, and details of the trustees and beneficiaries.
  • Execution of the Trust Deed on stamp paper with signatures of the settlor, trustees, and witnesses.
  • Submitting the executed deed to the local Registrar for registration.
  • Optionally, applying for 12A and 80G certifications for tax exemptions (in the case of Public Trusts).
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