What are the differences between `Trust' and `Society' registered under Karnataka Societies Registration Act 1960?


Sujatha Sujatha
Answered on December 23,2019

Society

        1. District Registrar and Registrar of Societies is the competent authority to register.
        2. Aims and objectives are for the development/welfare of the whole society without restriction
        3. A minimum of 7 persons is required to form a Society.
        4. The executive committee runs it.
        5. The executive committee manages, subject to the approval of the general body.
        6. Accounts shall be filed to the Registrar of Societies.
        7. There is a provision to admit members.
        8. In order to cancel an association action can be taken only after an inquiry under Sec.27.
        9. Profit cannot be distributed among the members. It can be used only for the development of society.

Trust

    1. Trust deed can be registered in the Office of the Sub Registrar.
    2. There are two kinds of trust. Public and Private. The latter is a private trust for the beneficiaries.
    3. Anybody can form Trust without restriction as to the number of persons.
    4. Managing trustee runs it.
    5. Management is under the control of the management of Trustees and Managing Trustees.
    6. Accounts need not be filed to the Registrar of Societies.
    7. There is no provision to admit members.
    8. Author of Trust can cancel Trust if he so wishes. If the provision is made in the deed.
    9. Trustees cannot share. Beneficiaries may be allowed to use the profit.


 
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