13

ACT IV OF 2020 ACT IV OF 2020 BALOCHISTAN TRUST ACT, 2020 An Act to make provisions relating to the proper management and administration of Trust in Balochistan Province [Gazette of Balochistan Extraordinary, 1st September, 2020] No. PAB/Legis; V(03)/2020, dated 1.9.2020.---The Balochistan Trust Bill, 2020 (Bill No. 03 of 2020), having been passed by the Provincial Assembly of Balochistan on 26th August, 2020 and assented to by the Governor, Balochistan on 31st August, 2020 is hereby published as an Act of the Balochistan Provincial Assembly. WHEREAS it is expedient to make provisions relating to the Trusts and to repeal the existing Trust Law; And WHEREAS, to cater for the Monitoring and evaluation purposes of the Trusts; And WHEREAS, it is expedient for the Balochistan Province to enact its own Trust Act for a better Administrative and Legislative control in wake of the 18th Constitutional Amendment; It is hereby enacted as follows: CHAPTER III OF THE ADMINISTRATION OF THE TRUSTS 13. Application for registration.---(1) For every Trust required to be registered under this Act, the Trustee shall provide to the Deputy Manager (Auqaf) Concerned District at or before the time of registration information regarding the Purpose, Author of the Trust, Details of the Trustees, Beneficiaries of the Trust, and any other natural person exercising ultimate effective control over the Trust as prescribed, to the satisfaction of the Department. Explanation: In case of more than one Trustee, all the Trustees will nominate one Trustee who shall be responsible for the provision of information. (3) The details of the information required to be provided under section 13(1) above will be prescribed.