1. Trust registration is created with a document named Trust deed. ( Trust Deed which may be shaped to register with a stamp duty paper in the Registrar office as per the Registration Act.) Model Trust deeds for Charitable Trust and several other types of trust and Non-Governmental Organizations re available in the book - Formation and Management of NGOs: , which you can buy online. If this book is not available at stock, you shall also buy this NGO Formation and management book
2. Trust is created by the Founder (author or settler) with the trust of Trustees (who are the body of Trust)
3. The trust shall be created under irrevocable nature.
4. Trust deed: This another book which can help to form trust deed Formation and Management of NGOs (Non-Governmental Organisations) which consists of objects of the trust, Operation of Trust, Trustee information, Trustee powers, rights, duties and liabilities. But better choose the first NGO book above which may be more comfortable
5. There are some procedures for the creation of a trust deed. Charted Accountants (Auditors) and Lawyers (Attorney) shall help you for the creation of Trust deed. After creation of Trust deed, That organization TRUST shall be registered with the Registrar or Sub-registrar office as per the laws relevant to the specific states.
6. After the registration of trust, you shall get the copy of the registration from the Registrar and you shall apply for PAN card, and you have to apply for proper Income tax registration with Income tax department ( Here the 12 A plays the role). You shall buy the Income Tax for NGOs book here.
7. After you have properly got the Income-tax certificate for the Trust (12A), you can also apply for tax exemption certificates like 80g, 35ac and so many other forms of income tax exemption as per the objects of your trust and as per the applicable rules. You shall buy Tax related books in below Links
8. A trust shall be a public charitable trust or Private trust. Public charitable trust is able to raise funds from public to serve the social causes of the nation.
9. A trust must be registered whether with movable or immovable properties.
10. Trust should be registered with a " Registered office address of the trust " with proper landmarks.
11. A Trust shall be registered by the founder only with the minimum of 2 members.
So in this way you can understand how to form a trust. If you like to know more details about the Indian laws and regulations of Trust, you shall buy the book in any nearby law bookstall in your city or town, which is named " Formation and Management of a Trust along with Tax Planning 1996-97 ", which is a Practical Handbook for Private, Charitable and Religious Trust which was published by A NABHI PUBLICATION. The another recent NGO book will also be most useful to know more about trust, which is published by Universal Law Publishing Co. Pvt. Ltd, which has the book name as " Formation and Management of NGOs " written by Anita Abraham, Advocate. In all law bookshops, these above two books are available.
TRUST Registration Explained once more:
Trust is formed under a Trust deed and registered with Registrar office and Income Tax Authority. In general, a Trust deed will be created (Trust bye-law or instrument of trust) with the objects of Trust.
Trust deeds are created and declared either by will or inter-vivos by agreement and as a testamentary instrument or a non-testamentary instrument. Some type of trust may be created even verbally. However, it's advisable to have written trust deed. The basic need of a trust deed is must to be in writing and registered with the Registrar of the Trust ( In local Registrar office or as per the law related to Trust), which is the only prima facie evidence for the existence of trust It also simplifies devolution of trust property.
The written trust and trust deed is the essential for registration towards conveyance of Immovable property. It helps to claim income tax exemption as per Income tax act. It is useful to control, regulate and manage the works and operations of the trust. It spells several procedures for appointment and removal of the trustees, and their powers, rights and duties. That is, a Trust is created in written by the will which is related to movable or immovable property, whether it may be a public or private trust, duly registered with Registrar of local office and Income tax department.