Our Buddhist trust in Rohtak wants to register with the state, what is the procedure under the law?

Detailed Legal Analysis

To register your Buddhist trust in Rohtak, you need to follow the procedure outlined under the Indian Trusts Act, 1882, and the relevant state laws for registration of trusts in Haryana.

Here is a detailed procedure for registering a trust:

• Draft a Trust Deed:
  • The trust deed should clearly mention the name of the trust, the objectives, the details of the trustees, and the powers and duties of the trustees.
  • Make sure it is executed on a non-judicial stamp paper as per the Stamp Act applicable in Haryana.
• Choose Trustees:
  • At least two trustees are required to form a trust. They should be competent to contract under Section 11 of the Indian Contract Act, 1872.
  • The trustees must be individuals or a body corporate, and they should agree to act as trustees.
• Gather Required Documents:
  • Identity proof (Aadhar card, PAN card) of the trustees.
  • Address proof of the trust's registered office.
  • Proof of the trust property (if applicable).
  • Photographs of the trustees.
• Apply for Registration:
  • Visit the local Sub-Registrar's office in Rohtak.
  • Submit the trust deed along with the required documents and the necessary fees.
  • Ensure that all documents are duly signed by the trustees in the presence of the Registrar.
• Obtain Registration Certificate:
  • Upon successful submission and verification, the Sub-Registrar will issue a certificate of registration.
  • This certificate serves as proof of the establishment of the trust.
• Compliance with Additional Laws:
  • Once registered, ensure compliance with the provisions of the Income Tax Act, 1961, particularly Section 12AA, for availing tax exemptions.
  • Maintain proper records and accounts as mandated under the Trusts Act and other applicable regulations.

This process will help in establishing your Buddhist trust legally in Rohtak, ensuring it operates within the framework of Indian laws.