TRUST

1. What is a Trust?

Trust is an arrangement related to ownership of property and arising out of a confidence reposed in another person who holds property as its nominal owner for the good of one or more beneficiaries. A trust may be created for any lawful purpose.

The person who reposes or declares the confidence is called the “author of the trust” The person who accepts the confidence is called the “trustee”; the person for whose benefit the confidence is accepted is called the “beneficiary”; the subject-matter of the trust is called “trust property” or “trust money”; the “beneficial interest” or “interest” of the beneficiary is his right against the trustee as owner of the trust property; and the instrument, if any, by which the trust is declared is called the “instrument of trust”.

Who may create trusts.—A trust may be created by every person competent to contract & Every person capable of holding property may be a beneficiary. There can be Minimum 7 and Maximum 25 Trustee in one trust. 

2. Requirements for creating a Trust?

1. Drafting of Trust Deed – A Trust Deed is to be drafted in order to create Partnership firm. This deed shall be prepared by us. 

2. Registration of Trust Deed- Registering a Trust is optional but it is advantageous to get it Registered under the Indian Trust Act, 1882. . Such registration facility is also provided by us.

3. Documents Required ?

  1. Two Recent Passport Size Photographs of every Author, Trustee and Beneficiary.
  2. PAN Card (Self Attested & Certified by Gazetted officer/Notary) of every Author, Trustee and Beneficiary.
  3. Address Proof  (Passport/Driving License/Voter id/ Aadhaar card ) (Self Attested & Certified by Gazetted officer/Notary ) (Details should match the details of PAN) of every Author, Trustees and Beneficiary.
  4. Details of trustees /Members/Beneficiaries.
  5. Objects of the Trust/Society
  6. Proof of ownership of property to be provided by author of trust. 
  7. Other Forms/Documents required are to be Provided/Prepared by us.

4. Time Required for Trust Incorporation & Registration?

Baxicorporate will get the Trust incorporated & Registered within 20-30 working days subject to processing time taken by Registrar of Trusts.  

5. Pricing ?

For Pricing and other details Click  

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