85

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 VIII OF VACATING THE OFFICE OF TRUSTEE 85. Discharge of trustee.---The trustee may be discharged from his office only as follows:- (a) By the extinction of the trust; (b) By the completion of his duties under the trust; (c) By such means as may be prescribed by the instrument of trust; (d) By appointment under this Act of a new trustee in his place; (e) By consent of himself and the beneficiary, or, where there are more beneficiaries than one, all the beneficiaries being competent to contract; (f) By the executive order of the Director if any of the trustee: (i) is convicted by a court in criminal case; (ii) fails to fulfill any of the duty or obligation required under this Act ; or (iii) has been penalized under the subsections 17(3) and (5) above. (g) By the Court to which a petition for his discharge is presented under this Act.