Section 30: Registration of trust and endowment.

CHAPTER-IV REGISTRATION OF TRUST AND ENDOWMENT (1) Every trust and endowment, whether created before or after the commencement of this Act, shall be registered at the office of the Board. (2) Application for registration shall be made by the trustee or administrator of trust or endowment: Provided that such application may be made by trust or endowment or a beneficiary of it or the descendants of the testator or any person belonging to Vanniyakula Kshatriya community. (3) An application for registration shall be made in such form and in such manner and at such place as the Board may by regulation provide from time to time and such application shall contain the following particulars:- (a) description of trust or endowment sufficient for identification thereof; (b) annual gross income from property of trust or endowment; (c) the amount of land revenue, cesses, rates and taxes payable annually for the property of trust or endowment; (d) an estimate of the expenses annually incurred in realization of the income from the property of trust or endowment; (e) the amount set apart for the following:- (i) the salary and other allowances to the officers and other employees of trust or endowment, (ii) for charitable purposes, (iii) for the beneficiaries, and (iv) for such other purposes; (f) any other particulars as may be prescribed by the Board by regulation. (4) Such application shall be accompanied by a copy of trust deed or will, or if no such deed has been executed or a copy thereof cannot be obtained, shall contain the particulars as far as they are known to the applicant, of the origin, nature and object of the trust or endowment; and particulars regarding beneficiaries, if any. (5) Such application made under sub-section (2) shall be signed and verified by the applicant in the manner provided in the Code of Civil Procedure 1908, for the signing and verification of the pleadings. (6) The Board may require the applicant to supply any further particulars or information that the Board may consider necessary. (7) The Board may, on receipt of application for registration, make such enquires as it thinks fit in respect of genuineness and validity of the application and correctness of the particulars therein and when the application is made by any person other than the person administering the trust or endowment, and shall hear him if he desires to be heard. (8) In the case of trust or endowment created before the commencement of this Act, every application for registration shall be made, within three months from such commencement and in the case of trust or endowment created after such commencement, within three months from the date of creation of trust or endowment.