Trust Registration Online in India

Trust registration in India is a legal procedure that formalizes the formation of a trust, which is a fiduciary arrangement in which one person (the trustee) manages assets for the benefit of another (the beneficiary). The Indian Trusts Act of 1882 governs trusts and outlines the rights and responsibilities of trustees and beneficiaries. To register a trust, the settlor (the person who establishes the trust) must draft a trust deed outlining its purpose, regulations, and management. The deed must be executed on non-judicial stamp paper and recorded at the local Sub-Registrar's Office. The key benefits of trust registration include statutory recognition, clarity in asset management, and potential tax benefits.