Public Trust: Empowering Social Change
A Public Trust in India is a legal entity created for the benefit of the general public or a large section of it. It is commonly established for charitable, educational, religious, or other community-focused purposes. Public Trusts play a crucial role in serving society by funding initiatives that contribute to social welfare, healthcare, education, poverty alleviation, and much more.
The Formation and Registration of a Public Trust
To register a Public Trust, a Trust Deed needs to be drafted and legally registered. This process ensures that the trust’s operations are aligned with its charitable objectives and legally recognized.
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Public Trust Registration Process
1.Schedule Call with the Lawyer
Discuss the requirements, share details of properties and objectives.
2.Drafting the Trust
The lawyer prepares the Trust Deed outlining all relevant details.
3.Registration Appointment
Schedule an appointment for registration at the Sub-Registrar’s office.
4.Trust Registration
Finalize the registration and make the Trust legally operational.
Essential Components of a Public Trust
Settlor
The individual or organization wishing to establish the Trust.
Trustees
Individuals or organizations managing the Trust’s operations and assets.
Trust Objectives
Clearly defined goals, including the charitable, educational, or religious purposes.
Trust Property
Assets or funds transferred to the Trust to achieve its objectives.
Benefits of a Customized Will
Legal Protection
Trust property is generally protected from the personal liabilities of the trustees.
Legacy
Creating a Public Trust can leave a lasting legacy of goodwill and community service.
Peace of Mind
Gives you the assurance that your wishes will be respected and your loved ones will be cared for.
Community Impact
Public Trusts contribute significantly to social welfare, addressing critical needs in society.
Prerequisites for Registering a Public Trust
Trust Deed
The primary document outlining the Trust’s objectives, rules, trustees, and operational procedures.
Identity Proof
Documents like Aadhaar Card, Passport, Voter ID, or Driving License for trustees and settlor.
Address Proof of Registered Office
Recent utility bill, house tax receipt, or rental agreement with NOC from the landlord.
Proof of Trust Property
Documents proving the ownership of property or a specified nominal value of trust money.
Passport size photographs
Recent photographs of the settlor and trustees.
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Frequently asked Questions
A Public Trust in India is established for the benefit of the public or a significant portion of society, often for charitable, educational, or religious purposes.
Public Trusts are typically registered for public benefit and are recognized by regulatory authorities. They focus on wide-reaching societal welfare initiatives.
A Public Trust is created for the benefit of the general public or specific communities, whereas a Private Trust benefits specific individuals or groups.
Trusts in India are regulated by the Indian Trusts Act, 1882, and specific state-level laws for Public Trusts.
Registration Process
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