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You're right! According to Section 12(1) of the National Trust Act, organizations working in the field of Autism, Cerebral Palsy, Mental Retardation, and Multiple Disabilities can apply for registration with the National Trust.
To apply, they need to fill out an online registration form and submit Form 'E', which is generated through the online system. This form must be signed and stamped by the President or General Secretary of the organization.
A trust is a legal arrangement where one party (the trustee) holds property for the benefit of another party (the beneficiary).
Trusts can be broadly classified into private trusts (for family members) and public trusts (for charitable purposes).
A trust deed is a legal document that outlines the terms and conditions of the trust, including the objectives, details of trustees and beneficiaries, and the powers and duties of the trustees.
Registration is mandatory for public trusts. For private trusts, registration is not mandatory but recommended for legal validity.
The trust deed, passport-sized photographs of the settler and trustees, proof of identity and address of the settler and trustees, and proof of the registered office address of the trust.
The stamp duty varies by state and depends on the value of the trust property.
Yes, the terms of the trust can be altered or revoked if the trust deed allows it.
Trusts are subject to income tax under the Income Tax Act, 1961. The tax rate depends on the type of trust and its income.
At least two trustees are required for a private trust, while a public trust can have more.
Trustees manage the trust property and ensure that the trust's objectives are met. They have a fiduciary duty to act in the best interests of the beneficiaries.
We are Young and Experienced team of Legal Professional, Advisor and Business Consultants Willing to help you.