According to the Indian Trust Act, Trust means an obligation annexed to the ownership of property, and arising out of a confidence respond in and accepted by the owner for the benefit of another or for another and owner. Trust registration procedure in India depends upon the type of trust. There are two types of trust:
- 1. Public Trust.
- 2. Private Trust.
Both are governed by separate laws. Registration of Private Trusts takes place under the Indian Trusts Act, 1882. But, there is no separate act for public trusts and they are governed by their respective state laws. These state laws usually appoint a commissioner who administers and carries all trust activities in that state.