Charitable Trust

As per section 3 of Indian Trust Act 1882 “A Trust is an obligation annexed to the ownership of the property, and arising out of a confidence reposed in and accepted by the owner, or declared and accepted by him, for the benefit of another, or of another and the owner.” A trust is an agreement between people (called trustees) to manage property over which they have control either to benefit other people (called beneficiaries) or for charitable purposes. A group of trustees may be incorporated as a board under the Charitable Trusts Act 1957 if the objects are charitable.

Features

Legislation
Main Instrument
Trustees
Whether a trust, society or section-8 company (previous section 25)

Analysis

In India non profit organisations/ public charitable organisations (NGO) can be registered as a trust. A public charitable trust is usually floated when there is property involved, especially in terms of land and building.
Non-profit organisations in India:

  • Exist independently of the state;
  • Are self-governed by a board of trustees or ‘managing committee’/ governing council, comprising individuals who generally serve in a fiduciary capacity;
  • Produce benefits for others, generally outside the membership of the organisation; and
  • Are ‘non-profit-making’, in as much as they are prohibited from distributing a monetary residual to their own members.

Charitable Trust

12,000/-

Obtain help of Professionals & Subject matter experts at CFO Affairs to understand the intricacies involved in the registration. We are more than happy to educate you and make your entity registration a hassle free process.

Customers Feedback

Because that will enable each of us to do what we are good at!

START. MANAGE. GROW

CFO Affairs goes to the relationship of the numbers and unearths a pattern that tells a story!

CONTACT US

One Stop Solutions

Get comprehensive services right from preliminary business set-up advisory till necessary business support services.

Seasoned Professionals

Our team comprises of professionals in Company Secretaries, Chartered Accountants, Lawyers and Management.

Quality Service

We deliver high quality services within agreed TAT. Our affordable Pricing includes all agreed Services with no hidden cost.

Legendary Support

All your queries & issues will be promptly addressed by a Single point of contact and delivering qualitative efficient services.