Simplest form of NGO registration in Jharkhand is Trust Registration. A minimum of three people who may or may not be of the same family come together to a mutual understanding to fulfil a motive of common good can give the association a form of trust. Trust registration in Jharkhand can be done in 4-5 working days. A trust deed is drafted and is registered with the District Registrar in presence of witness. Once the deed is registered the registration process is complete thereafter the trust may apply for PAN and open bank account to carry on its business.
DOCUMENTS AND INFORATION REQUIRED FOR TRUST REGISTRATION:
- TRUSTEE – MINIMUM 3
- ADDRESS PROOF OF TRUST
Electricity bill and Rent Agreement
- NAME OF THE TRUST
- OBJECT OF THE TRUST
- DETAILS OF THE TRSUTEES HOLDING THE POSITION OF PRESIDENT, SECRETARY AND TREASURER
CAN A TRUST APPLY FOR 12A/80G REGISTRATION?
Yes, a trust can any time after its registration apply for 12A/80G registration.
IS TRUST A NGO?
A trust having a 12A registration shall be considered as NGO for the purpose of Income Tax Act otherwise it will be considered as association of person.
WHAT IS A TRUST DEED?
A trust deed is a legal document evidencing the registration and creation of trust and it contains in detail rights and liabilities of Trust and its Trustees.
CAN A TRSUT BE DISSOLVED?
Yes a Trust can be dissolved but only after mutual consent of all the Trustees.