Trust Registration In Bangalore

Trust, Society, Section 8 Companies are the structures suitable for Not for Profit organization and NGO's.

The trust registration process in Karnataka includes drafting of the trustee deed with minimum two trustees and registration of trust deed at sub-registrar office for which trustees need to be personally present.

Upon execution of the trust deed, trust can apply for PAN and once PAN is issued, Trust can open the bank account and carry on the operation. Trust is regulated by the provisions of the Indian Trust, 1882.

The society Registration process involves, drafting of the Memorandum of Association and Bye-Laws, there should be a minimum of seven members who should subscribe to the Memorandum and bye-laws, and application for society registration is made to the registrar of societies under the respective states society registration Act.

Section 8 company is a company is registered under the Companies Act. The process of registration is similar to that of a Private Limited company.

The company is registered as per the provisions of section 8 of Companies Act 2013. Such a company is allowed to operate Documents required for trust registration is given as follows

  • Trust deed on stamp paper
  • Two passport size photograph
  • Self attested copy of PAN and ID proof
  • Signature of settler on all pages of trust deed
  • Proof of registered office address (Electricity Bill/Water bill etc)
  • NOC from land owner with his identity proof
  • Proof of property registered in the trust name

Comparison between Trust, Society , Section 8 Company is as follows:

Basis Trust Society Section 8 Co.
1. Statute/ Legislation Governed by provisions of Indian Trust Act, 1882 Governed by provisions of Societies Registration Act, 1860 OR respective state Society Registration Acts. Governed by provisions of Section 8 of the Companies Act, 2013.
2. Jurisdiction Regulated by Deputy Registrar or Charity Commissioner of the relevant area Regulated by Registar of Society Regulated by Registrar of companies.
3. Constitution Documents Trust Deed Memorandum Of Association and Bye Laws Memorandum of Association and Articles of Association
4. Minimum persons required Atleast two Trustees Atlease Seven Members Atltest two Director and Subcribers.
5. Management Managed by Board of Trustees Managed by Executive Committee or Management Committee Managed by Board of Directors
6. Annual Filing There is no annual filing required Must file annual accounts and returns with Registar of Societies Must file Annual Accounts and Annual Returns with Registar of Companies
7. Time Period for registration 1 week 2 week 2 week
8. Registration u/s 12A and 80G of Income tax Act Granted Granted Granted
9. From the point view of Foreign Contribution Regulation Act (FCRA) Moderate Preferred Moderate Preferred Moderate Preferred

Have Any Question ? We Can Help You..

Email us at -