A trust refers to an arrangement in which a property is handed over to or vested in a person, to be used and disposed off for the benefit of another person. Trusts are classified into the following two categories:
• Public Trust Formation: A public trust is referred to as the Non Profit Charitable Organization or a non Governmental Organization.
• Private trust Formation: In this type of trust, the beneficiaries are individuals or families.
1-The details of the trustee:
• Contact Information
2-Address proof of the trustee:
• Voter ID
• Driving License
3-Electricity Bill or a House tax receipt in order to show that you are the in fact the owner of the property.
4-NOC from the landlord in case the property is rented.
5-Two witnesses are required at the time of registration.
6-The settler should also be present at the time of registration.
The minimum number of rusted in a trust is 2
The process of trust registration takes about 6 to 7 days.
Yes, you can in fact run the office of that trust on a residential property.
Yes, if there is a change in the registered office of the trust, you can get it registered as well.
No, you cannot get your trust registered in Delhi if your registered office is outside of Delhi.