Public trust Registration

DIFFERENCE BETWEEN PUBLIC AND PRIVATE TRUST CAN BE STATED BRIEFLY AS UNDER:
i) One is for the benefit of private individuals and the other is for the benefit of public in general or a section of the public.
ii) Private trust is limited in duration, the other is not.
iii) In private trust the beneficiaries are limited and known. In a public trust the beneficiaries are a large.
iv) Public trust is controlled by special statutes and the authority like charity commissioner has full control over the management of the trust which is not the case with private trust.
v) A private trust cannot be altered except to the extent provided in the trust deed while under the Bombay Public Trust Act he Charity Commissioner and the Courts are given power to alter or even to change the whole scheme of the original trust in certain circumstances.
vi) There are also significant differences regarding the tax treatment of public & private trust. Public trusts enjoy favorable tax treatment, particularly with regard to donations. The tax treatment of private trusts varies hugely depending on the terms of the individual trust.
Investopedia explains 'Trustee'
A trustee is required to uphold a strong level of integrity and impartiality in conducting its duties. Typically, a trustee is not permitted to benefit or profit from its position unless the trust document specifically allows for payments to the trustee for providing services. Often, a trustee may have a fiduciary responsibility to the trust beneficiaries.