According to Indian Trust Act, a trust may be formed
for a range of purposes such as Public Charitable Trust & Religious Trust.
A Charitable Trust is created for the purpose of the benefit of the general
public or mankind. This kind of trust can be formed by an individual who loves
doing such things and not a minor. Any person who holds the property so
dedicated shall hold it under trust and shall execute the purposes specified by
the settler.
A public charitable trust is usually floated when there
is property involved, especially in terms of land and building. The main
instrument of any public charitable
trust is the trust deed, wherein the aims and objects and mode of
management (of the trust) should be enshrined. A trust needs a minimum of two
trustees; there is no upper limit to the number of trustees. The Board of
Management comprises the trustees. The Objects are Social benefits &
Charitable etc.
At UKS and Associates, our team of
professional helps you set up a trust in the most feasible and effective way.
We help you take approval on all mandatory legal obligations and carry out all
necessary paper work feasibly.
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