← Back to Baluchistan Village Organizations Ordinance 1990 Outline

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.โ€‘โ€‘(1) The funds of Village Organisation shall consist ofโ€‘โ€‘ (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.