Gratuity - Financial Institution

I would like to know the procedure of Forming a Gratuity Trust at our end (ie : Company) & with any Financial Institution,Bank Or LIC
1. How to Register the Gratuity Fund and where
2. Is there any requirement to deposit Premium (Monthly / Yearly)
3. Any format to Form Gratuity Trust.
4. Where to submit the Trust Deed etc
5. Is it mandatory to take Insurance from LIC of India for the liabilities of the employee's , even after managing the Gratuity Fund by company (Pls go through - Section 4A of gratuity Act'1972)
we have to pay the gratuity amount directly to employee r else wre we have to pay....any one can reply as soon as possible

Hi
You can form a Group Gratuity Scheme with LIC. An agent from LIC itself will guide you about all the procedures. You can contact any agent at LIC.
A resolution has to be passed by the authorized signatory and Trustees are to be assigned.
Regards,
Rashee