What is Trust Registration?

A trust is a legal entity created when an individual or organization (Settlor) transfers property to another individual or entity (Trustee) to manage it for the benefit of a third party (Beneficiary). Trusts serve a range of purposes, from charitable activities to private wealth management, and registration ensures legal recognition, financial security, and compliance with tax regulations.

At Calzone, we simplify the trust registration process, ensuring seamless compliance while you focus on making an impact.

Why Register a Trust?

While trusts can operate without registration, formally registering your trust offers significant legal and financial advantages:

• Legal Recognition - A registered trust becomes a separate legal entity.
• Tax Benefits - Eligible for tax exemptions under the Income Tax Act.
• Trust Property Protection - Prevents misuse or unauthorized claims.
• Structured Governance - Clearly defines roles, duties, and rights.
• Public Credibility - Builds trust with donors, beneficiaries, and stakeholders.
• No Need for Probate - Simplifies inheritance planning and wealth transfer.

Who Can Create a Trust?

Any individual, group, or organization can establish a trust, provided:

• The intent to create a trust is clear.
• The purpose of the trust is lawful.
• The trustee is capable of managing trust affairs.
• The trust deed is properly drafted and executed.

Types of Trusts in India

1. Public Trust
   A Public Trust is set up for the benefit of society, focusing on charitable, educational, religious, or public welfare activities. Examples include:
   • Educational institutions
   • Healthcare & medical facilities
   • Religious organizations
   • Environmental & social welfare initiatives
2. Private Trust
   A Private Trust is created for the benefit of specific individuals or groups, such as family members or organizations. These are commonly used for:
   • Wealth & Estate Planning - Protecting family assets.
   • Corporate Trusts - Managing business succession.
   • Employee Benefit Trusts - Incentivizing employees with financial security.

At Calzone, we guide you in selecting the best structure for your trust, ensuring compliance and smooth execution.

Step-by-Step Trust Registration Process with Calzone

• Step 1: Define Your Trust's Purpose & Name
  • The first step is to choose a unique name that aligns with your trust’s objectives and is:
    • Distinctive - Not similar to existing trusts or trademarks.
    • Legally Compliant - Should not violate the Emblems & Names Act, 1950.
    Pro Tip: We conduct a trust name search to ensure hassle-free approval.
• Step 2: Draft a Trust Deed
  A Trust Deed is a legal document outlining:
  1. Essential Information:
     • Name and objectives of the trust
     • Names & addresses of settlor, trustees, and beneficiaries
     • Terms of governance and succession
     • Rules regarding fund management and property usage
     • Duration & dissolution clauses
  2. Key Legal Clauses:
     • Appointment & resignation of trustees
     • Powers, responsibilities, and limitations of trustees
     • Asset management and fund utilization
     • Conflict resolution mechanisms
  Calzone ensures that your trust deed is professionally drafted to avoid legal complications.
• Step 3: Execute the Trust Deed
  • The Trust Deed must be printed on stamp paper of appropriate value as per state regulations.
  • It must be signed by the settlor and trustees in the presence of two witnesses.
  • All trustees must submit self-attested ID proofs & passport-size photos.
• Step 4: Submit the Trust Deed for Registration
  The trustor and trustees must visit the local sub-registrar's office with:
  • Required Documents:
  • Original Trust Deed (Signed & notarized)
  • Registered Office Proof (Utility Bill, Property Tax Receipt, Lease Agreement & NOC from Owner)
  • Trustee Identification Proofs (PAN Card, Aadhar, Passport, Voter ID)
  • Two Witnesses (With their ID proofs)
  Processing Time: 7-14 days, depending on state-specific guidelines.
• Step 5: Receive the Trust Registration Certificate
  • Once verified, the Registrar's Office issues the Trust Registration Certificate, officially recognizing your trust as a legal entity.
  With Calzone, we handle the entire process, from document preparation to follow-ups, ensuring timely registration.

Key Benefits of Trust Registration

Post-Registration Compliance for Trusts

• Obtain PAN Card for Trust
• Maintain Proper Financial Records & Accounts
• File Annual Income Tax Returns
• GST Registration (If applicable)
• Audit Reports for Large Trusts
• Apply for 80G & 12A Exemption for Tax Benefits

Why Choose Calzone for Trust Registration?

At Calzone, we provide end-to-end trust registration solutions, ensuring a hassle-free and legally sound process.

• Expert Legal Guidance - Professional trust deed drafting & documentation
• Quick Registration Processing - End-to-end assistance & follow-ups
• Tax Planning & Compliance Support - Maximize your trust's benefits
• Transparent & Affordable Services - No hidden costs, no delays