Trust/ Society Compliance

Trust/ Society Compliance

Trusts and societies are both legal entities that can be used for a variety of purposes, including charitable, religious, and social welfare purposes. However, there are some key differences between trusts/societies in terms of their formation, structure, and compliance.

Trusts

  • Trusts are established by a trust deed, which is an authorized document that sets out the terms of the trust and the duties of the trustees.
  • Trusts are managed by trustees, who have an official duty to act in the best activities of the trust and its recipients.
  • Trusts can be either public or private. Public trusts are established for charitable purposes, while private trusts are established for the benefit of specific individuals or families.

 

Societies

  • Societies are started under the Societies Registration Act, of 1860.
  • Societies are managed by a governing body, which is nominated by the members of the society.
  • Societies can be either charitable or non-charitable. Charitable societies are exempted from income tax, while non-charitable societies are liable to pay income tax on their profits.

At Asire, we provide comprehensive compliance services tailored to trusts and societies. From initial registration to ongoing compliance management, we have the expertise to help you navigate the complex landscape of trust and society regulations. Our team is committed to ensuring your organization remains in good standing, allowing you to focus on your mission. Trust Asire to be your partner in trust and society compliance.

As one of the top CA firms in India, Asire Consulting specializes in providing expert guidance and support for the formation and management of Non-Profit Organizations (NPOs), trusts, and societies. Our experienced team offers comprehensive NPO advisory services, assisting clients in navigating the complexities of trust and society compliances and governance. From NPO formation to ongoing compliance requirements, we provide tailored solutions to help NPOs meet regulatory obligations and achieve their philanthropic objectives. With our in-depth understanding of NPO regulations and best practices, we empower organizations to operate efficiently and transparently while making a positive impact on society.

Unlock the potential of your Non-Profit Organization with Asire Consulting’s expert advisory and support services. Our team works closely with NPOs, trusts, and societies to provide personalized advice on governance, compliance, and strategic planning. Whether you’re establishing a new NPO or seeking guidance on compliance matters, we offer comprehensive solutions to meet your organization’s needs. With our proactive approach and attention to detail, we help NPOs navigate the complexities of regulatory requirements and optimize their operations for maximum impact.

Don’t let compliance challenges hinder your organization’s mission – partner with Asire Consulting for expert NPO advisory and support. Contact us today to learn more about how our services can benefit your Non-Profit Organization and help you achieve your philanthropic goals. With Asire Consulting by your side, you can navigate the intricacies of NPO governance and compliance with confidence and ease. Experience the peace of mind that comes with working with one of the top CA firms in India, and unlock the full potential of your NPO with Asire Consulting’s expert assistance.

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