Trust registration is the formal process of establishing a trust as a legal entity. This involves drafting a trust deed specifying its objectives and operations. Once registered, the trust gains legal recognition, allowing it to own assets, receive donations, and manage funds. Trusts may benefit from tax exemptions, attracting donors and fostering transparency. Registration ensures adherence to legal compliance, credibility, and accountability, facilitating their philanthropic endeavors in ar...Read more
Trust registration is the formal process of establishing a trust as a legal entity. This involves drafting a trust deed specifying its objectives and operations. Once registered, the trust gains legal recognition, allowing it to own assets, receive donations, and manage funds. Trusts may benefit from tax exemptions, attracting donors and fostering transparency. Registration ensures adherence to legal compliance, credibility, and accountability, facilitating their philanthropic endeavors in areas like education, healthcare, and social welfare.
Trust registration is a legal procedure where a trust is formally established by drafting a trust deed specifying its objectives and operations. This process grants the trust legal recognition, allowing it to own assets, receive donations, and manage funds for charitable purposes, enhancing transparency and credibility.
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