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FAQ ON REGISTRATION OF TRUST IN KARNATAKA How to form a Trust'?  a) A trust can be formed as per Section 4 of Indian Trust Act 1982 for a  lawful purpose ;  b) A trust should have a document written (Trust Deed) and signed by trustees or a sole trustee;  c) A trust can be formed through a will also; There is no definite form to create a trust. Objectives of the trust should be clear and unambiguous;  Who can form a Trust? a) A person capable of making contract can form a trust;  b) Trust can be formed on behalf of minor with permission of Civil Court Minimum and Maximum number of Trustees Minimum 2 Trustees are necessary. There is no limit on the maximum number . Educational qualification of Trustees No educational qualification needed to become a Trustee. Age limit Minimum age to become a trustee is 18 years in the case of female and 19 in the case of male. However, an average of 19.5 years is considered in general. Residential status of

FORMATION OF CO-OPERATIVES UNDER KARNATAKA SOUHARDA SAHAKRI ACT, 1997 ·        There should be at least ten persons. ·        These persons should be from different families. ·        These persons should be competent to enter into a contract under the Indian contracts Act 1872. ·        He should reside in the area of operation of the Cooperative. ·        He should be eligible as per the bye-laws of the proposed Cooperative. ·        Any individual, firm, company or any other body corporate can become member of the Cooperative. ·        Any Cooperative registered under this Act (For Union cooperative) or Societies registration Act 1860. ·        The object of the Cooperative should be promotion of economic interests or general welfare of the members or the public, in accordance with the co-operative principles. ·        It should be economically sound, its registration should not affect adversely on the development of the co-operative movement. ·        Its reg