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private trust

Private Trust Registration Process is very simple.

  • A founder of a Trust can register a Private Trust along with two trustees.
  • A trust deed is prepared along with its BYE- LAWS, Rights and Duties, Charitable Objects, and the same is required to be registered with the SDM of the concerned area.
  • After its registration PAN Card is required to be obtained before opening a Bank Account.
  • Property and funds may be transferred on the basis of a Registered Will or by paying duty to the Government.
  • After doing Charitable activities, Trust may seek exemption from the Income Tax department.

Consult Civil Lawyer in Chandigarh

For any query contact Advocate Deepak Malhotra and consult free on mobile

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