Dear experts,
Please tell whether Public Charitable Trust can be registered in Delhi under India Trust Act, 1882( is it only for Private Trust) or it would be registered under Societies Registration Act,1860.
Thanks.
A public trust is a form of organization that is formed with a strong motive of charity to the public and it is governed by the public trust Act of that state and The Indian Trusts Act, 1882. The Trust deed should solely be for charitable purposes only. It requires one Settlor and trustees and the settlor shall be given movable (if cash, which shall be deposited in an approved bank) or immovable property to attain the objects of the trust. It shall be registered on stamp paper before the SRO concerned. And it can also be registered under the Societies Registration Act and for formation under this act, it requires at least 7 members. And the bylaws shall be prepared with some aims & objects which should solely be for the charitable purposes only.
