Incorporation of NPO – Registered Trust under BPT Act – Expert Services by CA Darshan Vora, Mumbai

A Registered Trust under the Bombay Public Trusts Act (BPT Act) is a legal entity that is set up to manage charitable, religious, or other non-profit activities. CA Darshan Vora, based in Mumbai, offers expert assistance in the seamless registration of trusts under the BPT Act, ensuring full compliance with legal requirements for non-profit organizations.

What is a Registered Trust under the BPT Act?

A Registered Trust under the BPT Act is an organization formed to serve public or charitable purposes. It is governed by the provisions of the BPT Act and focuses on carrying out activities for public benefit in areas such as education, healthcare, religion, and social welfare. The key features of a Registered Trust include:

• Charitable Objectives: The trust must be formed for charitable, religious, or other public purposes.
• Public Benefit: The activities must aim to benefit the public at large or a significant section of the population.
• Trustees: A Registered Trust is managed by trustees who are responsible for its operations and governance.
• Tax Exemption: Trusts registered under the BPT Act may be eligible for tax exemptions under the Income Tax Act.

Steps for Incorporating a Registered Trust under the BPT Act

The process for incorporating a Registered Trust under the BPT Act involves the following steps:

• Draft the Trust Deed: The Trust Deed is a legal document that defines the objectives, rules, and powers of the trust. It must be signed by the settlor and trustees.
• Choose Trustees: The trust must have a minimum of two trustees who will oversee the management and operations.
• Register the Trust Deed: The Trust Deed must be registered with the office of the Sub-Registrar of Assurances under the BPT Act.
• Obtain PAN and TAN: The trust needs to obtain a PAN (Permanent Account Number) and TAN (Tax Deduction Account Number) for tax purposes.
• Apply for Tax Exemption: If applicable, the trust can apply for tax exemptions under Sections 12A and 80G of the Income Tax Act.

Documents Required for Trust Registration under BPT Act

The following documents are required for registering a trust under the BPT Act:

• Identity Proof of Trustees: Aadhar card, passport, or voter ID of all trustees.
• Address Proof of Trustees: Utility bills or documents confirming the address of the trustees.
• Trust Deed: A well-drafted Trust Deed that outlines the objectives and governance structure.
• Registered Office Proof: A document such as an electricity bill or rent agreement to confirm the trust’s office address.
• Photographs of Trustees: Recent passport-sized photographs of all trustees.

Advantages of a Registered Trust under the BPT Act

Establishing a Registered Trust under the BPT Act offers several key benefits:

• Legal Recognition: A Registered Trust is a legal entity that is recognized by the government and enjoys rights and privileges.
• Tax Exemption: Registered Trusts can avail themselves of tax exemptions for income generated for charitable purposes under the Income Tax Act.
• Credibility: Being a registered entity provides credibility and trustworthiness, making it easier to raise funds and attract donations.
• Limited Liability: Trustees of the trust are not personally liable for the trust’s actions or liabilities.
• Easy Management: Trusts provide a simple structure for managing funds for charitable activities without the complexities of other organizational forms.

Why Choose CA Darshan Vora for Trust Registration?

CA Darshan Vora offers comprehensive support for registering and managing your trust under the BPT Act. Here’s why our clients choose us:

• Expert Guidance: Our experienced team offers expert advice on setting up a trust and navigating the registration process.
• Efficient Process: We ensure that all legal formalities are completed smoothly and within the shortest possible time.
• Compliance Assurance: We ensure that your trust complies with all legal and regulatory requirements under the BPT Act.
• Cost-Effective Services: We provide affordable and transparent pricing for trust registration and ongoing management.

Contact CA Darshan Vora for Trust Registration under BPT Act

If you are looking to establish a non-profit trust under the BPT Act, CA Darshan Vora is here to guide you through the entire process. We ensure that your trust is legally compliant and aligned with your charitable objectives.

Get in touch today to set up your registered trust with expert assistance and support!