“Trust” is defined as an obligation annexed to the ownership of property, and arising out of a confidence reposed in and accepted by the owner or declared and accepted by him for the benefit of another, or of another and the owner.
The Charitable Trust is also an independent legal entity. In general trustees and settlers are not personally liable for the Charitable Trust’s acts. However they are liable in their respective official capacity. The Charitable Trust is mainly a transfer of property deed for charitable purposes in favor of mentioned beneficiaries.
Registration of trust deed Registration is to be made as per the provisions of the Registration Act, 1908. It may be noted that the trust deed and not the trust is registered. The deed has to be registered with the Sub-Registrar of the registration department of the respective State Governments.
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