Registration of Private Discretionary Trust

[Arunachalam M]

Dear Experts/Members,

I have a query regarding - Registration of Private Discretionary Trust. Actually the Private Discretionary Trust was Registered with the Sub-Registrar of Registration on 27.08.2003 with movable property by the Settlor to the Trustees in Cash on execution.

My Query is : Whether it has to be Registered with the Registrar of Assurances or Societies/Trust Registrar and have to obtain Registration Certificate or not????

Based on the Declaration of Trust Deed Registered with Sub-Registrar, we have obtained PAN Card and filing normal IT Returns. For inclusion of New Trustee and vacating of existing trustee whether we have to approach the Sub-Registrar Registration Concerned, else with whom i have to do this work???

I request the experts and members of this forum to kindly resolve this issue.

Thanks & Regards,

Arunachalam M

AI Summary

Trust registration: whether private discretionary trusts recorded with sub registrar require additional registration or certificates for trusteeship changes.
Whether a private discretionary trust registered with the Sub Registrar by delivery of movable property in cash requires further registration or a registration certificate with other registrars, and whether additions or removals of trustees must be recorded again with the Sub Registrar or with a different registrar.