The Indian Trust Act defines creating a Trust as “A trust is created when the author of the trust indicates with reasonable certainty by an words or acts: 1) an intention on his part to create thereby a trust, 2) the purpose of the trust, 3) the beneficiary, and 4) the trust property, and (unless the trust is declared by will or the author of the trust is himself to be the trustee) transferred the trust property to the trustee”. A public charitable trust has to be registered with the office of the charity commissioner who has jurisdiction over the trust.
To register a trust following are basic steps
- Choose an appropriate name for your trust.
- Determine the settler / author and Trustees
- Prepare memorandum of association and rules and regulations
- Prepare documents for submission
- Submit the trust deed, along with other documents with local registrar
- The Registrar will retain photocopies and return the original documents
- Get registration certificate