For Registering a Trust , minimum 2 persons are required .Minimum 2 Trustees have to be there and anyone of them can become the author of the trust. Trustees could be individuals, Companies or LLPs. Trustees Registering Trust are usually known as founder Trustees..
Registration of Societies is optional. Registration of such an association will have legal recognition. It will be possible to run society legally with discipline. Society can sue and be used.
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A minimum 7 persons who have attained the age of 18 years can form a society or an Association.
Association could be formed for the following purposes: Art, Fine Arts, crafts; Educational, charity, cultural, literature and religious; Sports (excluding games of chance); Knowledge of commerce and industry;
A trust can open a school but the purpose of opening a school should not be profits motive but must be for the overall welfare and development of the society . School must be opened by welfare of a community , needy and poor children who cannot get basic education trust cannot open school in Bihar and company U/s 25 cannot open a school.
Income of an organisation is exempted if a NGO has 12A registration. All income shall not be taxable after 12A registration. This is one time registration. 80G: If an organisition has obtained certification under 80G then donors of that NGO can claim exemption from Income Tax. This is not one time registration and this needs to get renewed after validity period 12A AND 80G benefits available to a trust. Trust deed, Registration certificate, Trust Pan Card, ID Proof, Books of accounts e.t.c are required for registration U/S 12A and 80G to avail the benefit. BENEFITS: Using 80G the trust can raise local fund Registration Certificate of Trust/ Society 80G registration means donors can claim exemption. Valid Postal Address along with address proof(like electricitybill, warebill etc) and NOC from land lord. Evidence of welfare activities carried out. Books of accounts and ITR since inception
Yes a trust can enroll members. For enrollment of a member trust has to comply with a enrollment process. Enrollment Process for the first party or a third party is similar but extra steps may be needed if a beneficiary is funding his or her own trust and is not financially capable.
*Gather supporting documents
*complete the joinder agreement
*submit check with documents
*GPolitical education and training;
*Collection/preservation of historical monuments, technical and philosophical research.
*Promotion of scientific temper in the society etc.
*Diffusion of any knowledge or any public purpose.