Trust Registration
In India there was two types of trusts. one is Private Trust Second is Public Trust i.e Charitable etc. Indian Trusts Act, 1882 regulates and administers the private trusts in India & public trusts direct the functioning of public trusts Except Gujarat & Maharashtra. In public charitable trusts, the most important instrument is the trust deed, and it is important that aims and objectives of the trust should be specified in the trust deed. There is no upper limit for the trustees in a trust, but a minimum of two trustees are always required for trust registration. The trust deed should have provision concerning the management of the trust along with the procedure of appointing or removing the members. Public trusts after registration with the income tax can avail certain tax exemptions.
