Trust Registration in India
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A trust can be for the benefit of a closed group or persons, known as a Private Trust or for the public at large, known as a Public Trust. We advise and assist in Trust Registration, which is mandatory anywhere in India. Call us now.
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Cost of GST Registration
We help you incorporate Companies in India at a reasonable fee and with complete transparency regarding the overall cost. Talk to our advisors to obtain an all-inclusive fee.
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- Free Consultation
- 100% Online Process
- Name Search Assistance
- Drafting of MOA & AOA
- End to end MCA Filing
- All India Services
Meaning of a Trust
The Indian Trusts Act, 1882, defines a trust as an obligation, annexed by the ownership of property, arising of a confidence reposed in the owner and accepted him, for the benefit of another owner or another person known as its beneficiary. In simple words, the owner of the property / assets, called the ‘author of the trust’, entitles its ‘trustee’ to hold his property / assets for the benefits of other authors and beneficiaries. For this purpose, we can say that the ‘author of the trust’ has reposed his confidence on the Trustee. The beneficiary’s rights against the trustee as the owner of the property / assets is termed as his ‘beneficial interest’ in the Trust.
Key essential elements of a Trust
- Applicant’s PAN must be linked to his Address
- Applic o pay GST
- Exception: Casual and NRIan apply 5 days before
- EligibilityArea state they onal
- NSfor GST Composition Scheme
- ble to certain businesses
Checklist for Trust Registration in India
Before beginning the process of Society formation and registration you must adhere to certain prescribed prerequisites related to the number of members, the purpose of formation, the relationship between founders and members, the name, and the address of the Society. Without fulfilling these prerequisite conditions, the formation of a Society in India is not possible. A complete list of all such prerequisite conditions have been mentioned in the table below.
- Minimum 7 individuals
- A purpose of formations as prescribed in the Societies Act, 1860
- Those operating in North Eastern and Hilly states with aggregate annual turnover exceeding Rs.10 lakhs
- E-commerce operators/ aggregators
- Businesses selling on e-commerce platforms
- Casual Taxpayers
- Business non-resident in India
- Importers & Exporters
- Taxpayers registered under the older tax regime
- Taxpayers registered under the older tax regime
- Businesses engaged in Inter-state supplies of goods & services
- Service Providers providing information & online databases services (OIDAR)
Stepwise Documents for Trust Registration in India
A Producer Company gets registered as a Private Limited Company, and hence, the entire process of registering a Producer Company is similar to that of a Private Limited Company. The application is filled out by any director of the Company, and submitted to the Registrar of Companies, who verifies the details furnished in the application and the documents attached with it. Once the verification of the application is complete, the ROC shall issue the Certificate of incorporation in the name of the company.
Step-1: Documentation
The documents required for GST Registration are based on the type of entity and the nature of its business activity. It is extremely important that all the documents required for online GST registration are prepared beforehand. This helps avoid any hindrance in the application process later. A complete list of such documents is mentioned in the section above.
Step-2: Register on the GST Portal
GST registration for new business is an application-based process. The first part of the application seeks basic registration details. This includes type of entity, name of entity, PAN number, and the state / UT where the business operates. Providing these details enables successful registration on the GST Portal.
Step-3: OTP-based Verification
GST Registration in India is a PAN-based process. The applicant must provide his PAN details in the first part of the application. As mentioned earlier, the PAN must be linked to the applicant’s Aadhar, mobile number and email address for OTP verification.
Step-4: TRN Generation
As soon as the PAN is entered, an OTP is sent to the linked mobile number and email address. After furnishing the two OTPs successfully, a Temporary Reference Number or TRN is generated. You can use the TRN for completing the application form further. Note that the TRN will be valid for 15 days only, so the process must be completed within this time period.
Step-5: Complete the GST Application Form
Sign in to the GST portal using the TRN and access the GST REG-01 application form. Complete the form by filling in the requisite details and uploading the requisite documents. This includes information about the business, promoters/partners, location of the business, products/services, and authorised individuals. Upon completing the form, verify it using the authorised signatory’s DSC or EVC.
Step-6: Issuance of GSTIN
Upon submission of all the details and documents, the application is processed in approximately 10 to 15 days. After successful verification of the form, the department allots a unique GSTIN to the applicant business. This GSTIN can further be used to check GST registration status and fulfil all GST-related compliances.
Documents Required for Trust Registration in India
The table below contains a list of documents required for Public Limited Company Registration, and the eligibility criterias for setting it up. Both these are crucial requirements for a successful incorporation process. Public Limited Company eligibility criterias include the minimum number of its owners and directors along with the presence of a unique name and office address. On the other hand, public limited company documents include the KYC of promoters and the proof of registered business premises. At Taxcurv, we help you meet the eligibility criterias with ease and prepare all the documents beforehand for a seamless process. Here’s what you require:
| Minimum Requirements | Details & Documents |
|---|---|
|
KYC Documents of PromotersRegistered Premises |
What is the Cost of Trust Registration in India?
Before beginning the process of Society formation and registration you must adhere to certain prescribed prerequisites related to the number of members, the purpose of formation, the relationship between founders and members, the name, and the address of the Society. Without fulfilling these prerequisite conditions, the formation of a Society in India is not possible. A complete list of all such prerequisite conditions have been mentioned in the table below.
- Minimum 7 individuals
- A purpose of formations as prescribed in the Societies Act, 1860
- Those operating in North Eastern and Hilly states with aggregate annual turnover exceeding Rs.10 lakhs
- E-commerce operators/ aggregators
- Businesses selling on e-commerce platforms
- Casual Taxpayers
- Business non-resident in India
- Importers & Exporters
- Taxpayers registered under the older tax regime
- Taxpayers registered under the older tax regime
- Businesses engaged in Inter-state supplies of goods & services
- Service Providers providing information & online databases services (OIDAR)
Section 8 Company Registration Process
GWondering how to register a Section 8 Company in India? At Taxcurv, we provide full assistance in the Section 8 Company Registration process. Our experts help you prepare and draft the documents required for Section 8 Company Registration accurately. With our services, you can incorporate your section 8 company without any hassle or hindrance..
Step-1: Decide Section 8 Company Objectives
The documents required for GST Registration are based on the type of entity and theete list of such documents is mentioned in the section above.
Step-2: Obtain DSC & DIN
GST registration for new business is an application-based process. The first part ng these details enables successful registration on the GST Portal.
Step-3: OTP-based Verification
GST Registration in India is a PAN-based process. The applicant must provide his Perification.
Step-4: TRN Generation
As soon as the PAN is entered, an OTP is sent to the linked mobile number and e period.
Step-5: Complete the GST Application Form
Sign in to the GST portal using the TRN and access the GST REG-01 application authorised signatory’s DSC or EVC.
Step-6: Issuance of GSTIN
Upon submission of all the details and documents, the application is proce compliances.
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