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. ...
Finmatrix Strategic Consulting Private Limited specializes in Management Consultancy and Cloud Management Services providing high quality, customized and affordable services to our clientele. We provide unique and diversified services in Strategic Advising, Finance Integration, Recruitment, Accounting and Financial reporting, Risk Advisory Services, Registration and compliance etc.