There are two types of trust- Public trust and Private trust. Private trusts are governed by Indian Trusts Act,1882 and public trusts are divided into charitable and religious trust.
Private trusts are created by mutual agreement or by will for the benefit of 1 or more individuals who act as beneficiary . Public trusts are created for the benefit of public at large for religious activities, social welfare, to target on eradicating poverty, providing employment, providing education to the oppressed, offering medical help, food supplies, etc.
Public trust can be registered or unregistered. A registered trust enjoys certain benefits like Tax exemptions, managing the assets, avoiding legal issues.
Taxcrew Advisors assists you with hassle free trust registration along with Trust deed containing name of the trust, the registered office, area of operation of the trust, objectives of the trust, Details of the Author of the Trust, Corpus/Assets of the Trust, details of the Board of Trustees, quorum of the Board with their qualification, terms, and tenure, powers and functions of the Managing Trustee and other Trustees, Closure and amendment of the trust deed and the applicability of the Act.