Trust Registration in Tirupur

Seeking trust registration in Tirupur? A trust is established for societal benefit in India under the Indian Trusts Act, 1882. Registration involves the transfer of property to enable another person to use and manage it for the advantage of someone else.

Trust registrations are categorized as Public and Private trusts. Public trusts focus on public welfare rather than specific individuals' benefits. On the other hand, private trusts are created for the advantages of specific individuals and not for public or charitable purposes.

At Smartcorp, we offer exceptional services to our clients seeking trust registration in Tirupur.

Parties to the trust

Author of Trust - The person declaring the confidence is known as "the author."

Trustee - The individual accepting the confidence is termed the "trustee."

Beneficiaries - Those benefiting from the confidence are called the "beneficiaries."

Trust property - The assets or funds held in trust are referred to as "Trust property" or "Trust Money."

Instrument of Trust - The trust declaration occurs through a document known as the "Instrument of Trust.

Documents Required

• To register a trustee, provide details such as Name, Occupation, Address, Age, Father’s Name, Designation, Mobile Number, Email Address, and Two Photographs.
• Address Proof for Trustee & Settler can be Voter ID, Driving License, or Passport. Proof of Address Ownership such as Electricity Bill, House Tax Receipt, Water Bill Receipt, or Property Ownership Proof is required.
• For rented property, submit a notarized Rent Deed along with rent receipts and a NOC from the Landlord on a Rs 10/- Stamp Paper.
• Include Landlord's Name, Father’s Name, and Residence Address. The Settler must be present during registration with their original ID.
• Two witnesses with original ID proof must also be present during the registration process.