TRUST REGISTRATION
- Art Teacher
- London, UK
- 5-7 Hrs
Ever wondered how high-net-worth families or large institutions safeguard their wealth for decades – even centuries?
The answer lies in Trust Companies.
A Trust Company is a legally recognized entity that manages trusts, estates, and custodial arrangements, ensuring your assets are protected, compliant, and efficiently administered. They act as fiduciaries, meaning they are legally obligated to act in the best interest of the beneficiaries.
At Aarthika Globcorp Solutions, we provide expert assistance in setting up, licensing, and maintaining trust companies—helping you preserve wealth, protect assets, and achieve intergenerational financial security.
- Name of the Trust
- Settlers of the Trust
- Prepare a Memorandum of Association for the Trust
- Two photographs of the parties involved in the trust.
- PAN cards of the individuals associated with the trust.
- Address proof of the individuals.
- Identity proof of the individuals.
- Authentication from the partners (if applicable).
- No Objection Certificate for using the premises (if applicable).
- Any form of a utility bill as proof of address.
- Address proof of the trust registered office.
- 12A Registration and 80G Certificates from the respective income tax authorities to claim deductions (if applicable).
- Choose Structure & Name – Decide on the legal structure and reserve a unique name.
- Draft Key Documents – Prepare Articles of Incorporation, bylaws, and a detailed business plan.
- Meet Capital Requirements – Ensure you have the minimum required capital set by the regulator.
- Apply for License/Charter – Submit the application to the relevant state or federal financial authority.
- Background Checks – Undergo vetting of directors, officers, and major stakeholders.
- Regulatory Review – Authorities review your financials, compliance policies, and risk systems.
- Approval & Registration – If approved, receive your license/charter and officially register the trust company.
FAQs
Private trusts with immovable property and all public trusts generally need registration for legal status and opening bank accounts.
A settlor can be a trustee or beneficiary, but should not be the only trustee and sole beneficiary.
Usually not as most banks and authorities require trust registration for financial or legal dealings.
There is no blanket restriction, but foreign nationals may be subject to additional KYC/AML compliance and RBI scrutiny, especially in financial or charitable trusts.
Not unless allowed by the trust deed; otherwise, changes typically need court approval or a new trust.
In such cases, beneficiaries or co-trustees may need to approach the court to appoint a new trustee under Section 73 of the Indian Trusts Act.
Yes, PAN is mandatory for all trusts; TAN is needed if the trust deducts TDS.
Yes, trusts can have non-resident or foreign beneficiaries. However, distributions to them may involve tax withholding and foreign remittance regulations.
Strict KYC, identity checks, and FEMA compliance are required and sometimes regulatory approval is needed.
Public charitable trusts must use all income for the stated charitable purposes. Any profit distribution violates the charitable status and invites tax penalties.