TRUST REGISTRATION IN COIMBATORE
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Get your Trust Registration in Coimbatore affordably with Shoplegal. Trust registration becomes necessary for charitable causes or when immovable property is transferred to the trust. We assist in Trust Registrations in Coimbatore and across India in compliance with the Public Trust Act of all states. Avail tax exemptions under Section 12A and 80G of the Income Tax Act, exclusively available to registered trusts. Trusts with online Trust registration in Coimbatore gain credibility as they handle public donations, ensuring eligibility for such benefits. Trust property cannot be sold without prior permission from the civil court.
A trust, governed by the Indian Trust Act 1882, involves the transfer of property from the owner (Trustor) to someone else (trustee) for the benefit of a third person (beneficiary). Public trusts serve the public, categorized into Public Charitable and Public Religious Trusts. Private trusts benefit specific families or individuals and are further divided accordingly. Shoplegal experts guide through all necessary documentation during registration, simplifying government interactions by managing paperwork efficiently.
In India, trust registration online entails an agreement among trustees to manage property for beneficiaries or charitable purposes.
A trust involves a commitment where one person holds legal title to property for the benefit of others. The trustee's responsibility includes safeguarding trust property and directing income in line with the trust creator's intentions. Trust registration secures the lawful management of property for various purposes, ensuring compliance with legal and financial benefits while enabling impactful charitable work.
Public Trust registration in Coimbatore:
Establishing and managing schools and colleges to offer education to children.- Creating and operating nursing homes or multi-specialty hospitals to provide medical assistance to the underprivileged.
- Setting up facilities like old age homes to care for seniors, the elderly, and those with disabilities.
- Improving the health of women and children while empowering women in society.
- Offering social support services to the community.
- Providing training programs for economically disadvantaged and marginalized communities.
- Developing and maintaining temples or religious institutions.
- Initiating projects to protect the environment from adverse impacts.
- Supplying basic necessities like shelter, food, clean water, and essential facilities to those in need.
These endeavors aim to enhance education, healthcare, social welfare, and environmental conservation, benefiting various segments of society. If you're looking to support these causes or establish organizations centred on these goals, it could make a significant difference in the community.
Documents required for Trust registration in Coimbatore
- Name of the Trust
- Main objective of the Trust
- Registered office proof – along with rental agreement, if taken on rent.
- Copy of PAN and Aadhar of Trustees.
- Corpus/ Amount to be funded by the Trustees for the Trust
- Name of the Managing Trustee.
These essential details are crucial when setting up a trust. They ensure proper documentation and governance as you embark on your trust's journey to fulfil its intended purpose.
Private trust registration in Coimbatore:
In a private trust, the trust's advantages are directed towards specific individuals. The key aims of this kind of trust include:
- Offering welfare and amenities to designated family members.
- Managing and safeguarding specific private properties.
Private trusts are structured to cater to the needs and benefits of specific individuals or families. They focus on providing support and managing particular assets for the designated beneficiaries.