This document discusses the definition and requirements for establishing a trust in India. It defines a trust as an obligation attached to property ownership that arises from a confidence placed in and accepted by the owner, for the benefit of another. It notes that a corporation can act as both a trustee and beneficiary of a trust under Indian law. It also outlines the key requirements for registering a trust deed with the local registrar, including submitting the deed along with photographs and identity proofs of the settlor, trustees, and witnesses. The registration process requires all parties to be physically present with their original identity documents.

1. Meaning
1. Cambridge Dictionary
To believe that someone is good and honest and will not harm you, or that something
is safe and reliable:
2. The Indian Trusts Act, 1882
An obligation annexed to the ownership of property*
and
Arising out of a confidence reposed in and accepted by the owner
or
Declared and accepted by him, for the benefit of another,
or
of another and the owner.
* Immovable and Moveable

2. * Section- 9 of The Indian Trusts Act, 1882

3. B. A corporation can act as a
trustee
C. A corporation can act as a
beneficiary
 A corporation is capable of
accepting the ownership of
property with an obligation
annexed to the ownership
for the benefit of another
which may be a class of
persons, there can be no
objection to a corporation
acting as a trustee.
 According to section -9 of the
Indian Trusts Act, 1882
Disclaimer by beneficiary-
Every person capable of
holding property may be
beneficiary.
 Corporation can be , with some
exception of charitable trust,
and some specific anomalous
non charitable purpose trusts.
Important Points
A. Beneficiary as trustee (Double Role)
No provision on this issue, but as a general rule he is not altogether a fit
person for the office in consequences of the probability of the conflict
between interest and his duty.

4. Necessities
1. General :-
a) Name of the trust
b) Address of the trust
c) Objects of the trust
d) One settler of the trust
e) Two trustees of the trust
f) Property of the trust-movable or immovable property (normally a small
amount of cash/cheque is given to be the initial property of the trust, in
order to save on the stamp duty).

5. Necessities-I
2.Prepare a Trust Deed on stamp paper of the requisite value
3. Requirement for registration of Trust Deed with the Local Registrar
under
the Indian Trusts Act, 1882.
 a) Trust Deed on stamp paper of requisite value (as stated on point
no.2 above)
 b) One passport size photograph & copy of the proof of identity of the
settler
 c) One passport size photograph & copy of the proof of identity of
each of the two trustees.
 d) One passport size photograph & copy of the proof of identity of
each of the two witnesses.
 e) Signature of settler on all the pages of the Trust Deed
 f) Witness by two persons on the Trust Deed.

6. Necessities-II
4. Go to the local registrar & submit the Trust Deed, along with one
Photocopy, for registration.
The photocopy of the Deed should also contain the signature of
settler on all the pages.
At the time of registration, the settler & two witnesses are
required to be personally present, alongwith their identity proof
in the original.
5. The Registrar retains the photocopy & returns the original
registered copy of the Trust Deed.

7. Your Salataris -
Vibhu Sharma
+91-7734031531
vibhusharma5233@gmail.com
Object of this slide only for information and educational.
Not claimed any copyright,
public domain information used.