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Trust Registration

Pioneers of Online Trust Registration

FRIENDSTAX is the first step of Trust Registration Services in India to expand your process of legalizing the trust deed and managing everything online.

Trust Registration in India

Trust Registration in India is a process that allows individuals and businesses to protect their assets and establish trust relationships. It involves the registration of the trust deed with the appropriate government authority, followed by issuing a trust certificate.

The trust is usually described as a legal arrangement because it permits people to transfer ownership of an asset while maintaining control over it. This can be useful for individuals who want to manage their finances independently or businesses that need to reduce tax liabilities. In addition, trusts can also help families preserve their wealth through careful management and taxation planning.

Types of Trusts in India

  • Private Trust Private Trusts in India come under the Indian Trusts Act of 1882, which defines them as trusts that don’t have charitable purposes and are only accessible to designated beneficiaries. Unlike traditional trusts, private trusts aren’t publicized or open to the public, and their benefits are only accessible to those specifically allocated to them by the trust document. Consequently, private trust is essential for individuals and businesses who want to keep their affairs confidential and protected from third-party interference.
  • Public Trust Public trusts in India are established for the specific purpose of carrying out religious activities. However, because public trusts do not function under the Indian Trusts Act, they are not eligible to receive government grants and subsidies. As a result, their operations are often minimal. This lack of support has led to many public trusts becoming unprofitable or even defunct. In order to help these institutions survive and fulfill their religious missions, governments need to provide them with the more financial stability to continue providing valuable services to the community.
  • Public-cum-Private Trust Public-cum-private trusts are a popular way for Indian individuals and businesses to use their income for public and private purposes. This trust type implies that beneficiaries of such trust could be either public or private persons or both, depending on the terms of the trust. In addition to this flexibility, public-cum-private trusts also offer various tax benefits, including exemption from Income Tax (IT) in some instances.

Why Choose FRIENDSTAX for Trust Registration in India?

  • Complete Legal Advice - Our team of legal experts offers trustworthy advice on trust registration and compliance to help you form and register the trust legally.
  • Accurate Filing of Paperwork - Our experts can assist you in the accurate filing of the documents for Trust Registration.
  • Timely Approval and Registration - With our efficient services, you can ensure the speedy approval and registration of your Trust in India.

Documents Required for Trust Registration

  • Pan Card
  • Aadhaar card
  • Voter ID
  • Address proof
  • Self-attested copy ID
  • Trust deed’s objective
  • Trust deed on proper stamp value
  • Trust registered address
  • Trustee and settlor photos
  • Trust deed on proper stamp value

Benefits of Using Our Trust Registration Service in India

Friendstax is a digital trust administration platform that helps businesses in India register and manages trust deeds. By registering trusts, businesses can create a secure environment for customers and employees, reduce legal costs, and increase efficiency.

Benefits of using Friendstax for trust registration in India include:

  • Efficient Trust Registration: With Friendstax, businesses can easily register trusts without going through a lawyer or spending time on paperwork. This lowers the cost of trust management for businesses and makes it easier for customers to access their assets.
  • Secure Trust Management: Friendstax provides users with an online portal to manage all aspects of their trusts online. This ensures that the information stored in the system is safe and secure from unauthorized access.
  • Rapid Response to Legal Issues: When a business encounters any legal issues related to trusts, they can quickly refer those cases to Friendstax’s team of lawyers who are experienced in dealing with trust matters. This saves time and money while ensuring that all relevant facts are covered during litigation proceedings.
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