Formation of Trust

A trust can be registered in one state, but the same has the scope to operate in any number of states. Trust is of two types: Public and Private.

Public trusts can be created for public charitable purposes. There is no All India Level Act for setting up public charitable trusts.

A private trust, created under and governed by the Indian Trusts Act of 1882, aims at managing assigned trust properties for private or religious purpose. A private trust does not enjoy the privileges and tax benefits that are available for public trusts or NGOs.

Formation of Society

A society is a group of people involved in persistent social interaction, or a large social group sharing the same geographical or social territory. The Societies Registration Act, 1860 lays down procedure for registration of societies for various bonafide purposes.

Formation of Section 8 Company

Section 8 company is one of the popular forms of Non- Profit Organisation in India under the Companies Act’ 2013. A section 8 companies is similar to Trust or Society, the only difference is it was registered under the Ministry of Corporate Affairs.