Trust as per Indian Trust Act, 1882 is an organization where a person  transfers all the rights to his property to another person for the benefits of the third person.

A person who transfers all the rights of his property to another person is the owner of the property and known as trustor. A person on whom name property has been transferred is known as trustee. A person for whose benefit, this transfer of rights of property  has been takes place is known as Beneficiary. Minimum two trustees are required for registration and there is no maximum limit mentioned.

There has been certain provisions for appointment of trustee, removal of trustee, some necessary requirements for the creation of Trust, especially Public Charitable Trust. All the statutory things governed by Indian Trust Act, 1882. Doctrine of Cypres also applies to Public Charitable Trust.

Trust must be created for a lawful purpose. Registration of Trust needs an important instrument called as Trust Deed, it has all the main objectives of the trust and it requires to be signed in the presence of 2 witnesses.

It can be categorised into:

1.      Public Trust

Public Trust is an organization which is made for providing benefit to public at large. In this, beneficiaries are  the general public. It may be divided into further two :

• Public Charitable Trust

• Public Religious Trust

2.      Private Trust

Private Trust is an organization which is created to benefit an individual as in families. Family members are the beneficiaries here.