Procedure for Registration
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1
Selection of Name
Name of trust is selected carefully. It is noted that a trust cannot be registered with a name which suggest any Government patronage. However a trust can be registered with a similar registered
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2
Prepare Trust Deed
A Memorandum of association and By-Laws of trust is created called Trust Deed is prepared on Stamp paper of requisite value of property. Trust Deed contains Name of Trust, Details of Settler & Trustee, Registered Office, Objective of trust.
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3
Trust Deed Stamping
The Trust Deed is required to be stamped with a certain percentage of the value of property. All other documents of trustee and settler are prepared and signed by them
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4
Submit the Trust Deed
Trust Deed is submitted with other documents with Local Registrar. Settler, Trustee and 2 witnesses are required to be present before registrar at the time of registration.
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5
Registration of Trust Deed
Upon submitting the documents and completing other formalities Registrar registers the Trust deed and retains the copy of registered trust Deed and return the original copy of Trust deed. It takes normally 15 days.
