Registrations | TRUST

TRUST

The trust is also a legal entity made on a deed with stamp paper and being registered with the registrar. The trust is made for working in a society for the upliftment of the people living there. The trust registration and working are governed under the Trust Act 1860 as amended in 1982. In a trust blood relation is not a must means any person can be made the member of the Trust. A Trust can be made by adding a minimum of two people, called as Trustee, Settler and members. In a Trust, all the power is centralised with the settlor where is the trustee and the members are for successful running of the trust. Trust are made for commercial activities, too, and can have their earning but I limitation is there that no person of the trust can use the trust property for its personal reason. ​