15
Funds of village organisations and their investment
Act: Baluchistan Village Organizations Ordinance 1990
Section Provisions
BALOCHISTAN STATUTES BALOCHISTAN STATUTES ORDINANCE I OF 1990 BALOCHISTAN VILLAGE ORGANIZATIONS ORDINANCE, 1990 CHAPTER IV PROPERTY AND FUNDS OF VILLAGE ORGANISATIONS 15. Funds or Village Organisations and their investment.โโ(1) The funds of Village Organisation shall consist ofโโ (a) admission fees of subscribers (bl subscriptions of and donations from subscribe (c) grants from the Federal or a Provincial Government, a Local Authority or a Corporation owned or controlled by the Federal or a Provincial Government, or from a foreign Government or Organisation or an International Organisation with the prior concurrence of the Federal Government; (d) donations from the public including firms, companies and trade bodies; and (e) loans and advances raised by it. (2) A Village Organisation may invest its surplus funds: (a) in a Government Savings Bank; or (b) in any of the securities specified in section 20 of the Trusts Act, 1882 (II of 1882); or (c) with any scheduled bank; or (d) in any other mode permitted by the Rules.