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Prakash Kakani Director, PNS EV HubTrust Registration provides legal recognition to a temple or religious institution, enabling it to manage property, accept donations, and function within the law. A registered trust ensures transparency in operations, enhances public confidence, and allows tax benefits for donors under applicable provisions. The process of trust registration is governed by the Indian Trusts Act, 1882, or respective state laws.
1. Legal Identity : Enables the temple to hold property and enter into legal agreements.
2. Tax Benefits : Facilitates tax exemptions for the trust and its donors (via 12A and 80G registration).
3. Transparency : Boosts donor trust through regulated and accountable operations.
4. Perpetual Succession : Ensures continuity of the institution, independent of individual trustees.
5. Donor Credibility : Enhances the ability to attract more donors by establishing legitimacy.
Feature | Trust Registration | Society Registration | Section 8 Company |
---|---|---|---|
Legal Identity | Yes | Yes | Yes |
Applicability | Religious and charitable | Charitable, cultural | Charitable and non-profit |
Governing Law | Indian Trusts Act, 1882 | Societies Registration Act, 1860 | Companies Act, 2013 |
Minimum Members | 2 trustees | 7 members | 2 directors and 2 members |
Property Ownership | In the trust’s name | Society as a whole | In the company’s name |
Tax Benefits | Requires 12A/80G | Requires 12A/80G | In-built eligibility for benefits |
Management | Managed by trustees | Managed by a governing body | Managed by a board of directors |
It is the process of legally registering a trust to gain recognition and operational authority for charitable or religious purposes.
A minimum of two trustees is generally required (may vary by state).
Yes, once registered, the trust can legally own and manage property.
Trustees manage the trust’s operations, including financial, legal, and administrative aspects.
It is not mandatory but is recommended for legal recognition and benefits like tax exemptions.
Trust registration is permanent unless revoked by the relevant authorities.
Yes, it is essential for financial transactions and tax compliance.
Yes, with 12A and 80G registration, the trust can avail of tax exemptions.
Yes, trusts must register under FCRA (Foreign Contribution Regulation Act) to accept foreign contributions.
It typically takes 2-4 weeks, depending on the jurisdiction.