02/04/2024 Financial & Legal Services
Trust registration is important because it provides legal recognition and protection to the trust. Once a trust is registered, it becomes a legal entity with the ability to own property, enter into contracts, and engage in other legal activities. Registration also provides credibility and legitimacy to the trust, which can be important for attracting donations or support from individuals or organizations. Religious trusts are established to support and maintain religious institutions, such as temples, mosques, gurudwaras, and churches. The funds collected by these trusts are utilized for the maintenance of the religious premises, conducting religious ceremonies, and providing facilities for devotees.
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