← Back to Balochistan Charities (Registration, Regulation and Facilitation) Act 2019 Outline

12

Consequences of de-registration/voluntary dissolution

Act: Balochistan Charities (Registration, Regulation and Facilitation) Act 2019

Section Provisions

ACT XI OF 2019 ACT XI OF 2019 BALOCHISTAN CHARITIES (REGISTRATION, REGULATION AND FACILITATION) ACT, 2019 An Act to provide legal cover, substitute and consolidate the Laws for registration, regulation and facilitation of Charities in Balochistan [Gazette of Balochistan Extraordinary, 25th October, 2019] No. PAB / Legis: V(15) / 2019, dated 25.10.2019.---The Balochistan Charities (Registration, Regulation and Facilitation (Bill No.15 of 2019) having been passed by the Provincial Assembly of Balochistan on 12th October, 2019 and assented to by the Governor Balochistan, on 24th October, 2019 is hereby published as an Act of the Balochistan Provincial Assembly. Preamble.---WHEREAS, it is expedient to provide legal cover, substitute and consolidate the Laws for registration, regulation and facilitation of Charities in Balochistan; and for the matter ancillary thereto or connected therewith; It is hereby enacted as follows:- 12. Consequences of de-registration/voluntary dissolution.---(1) Where any Charity is voluntary dissolved or de-registered under section 10 or 11 of this Act, its registration thereunder shall stand cancelled on and from the date of the order of dissolution takes effect, and the authority with approval of Government, may,- (a) order any bank or other person who hold moneys, securities or other assets on behalf of the agency not to part with such moneys, securities and assets without the prior permission in writing of the Authority; (b) appoint a competent person to wind up the affairs of the Charity, with power to institute and defend suits and other legal proceedings on behalf of the Charity, and to make such orders and take such action(s) as may appear to him to be necessary for the purpose; and (c) order any moneys, securities and assets remaining after the satisfaction of all debts and liabilities of the Charity to be paid or transferred to such other Charity, having objects similar to the objects of the Charity, as may be specified in the order.