93

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 IX OF THE EXTINCTION OF TRUSTS 93. Trust how extinguished.---A trust is extinguished :- (a) When its purpose is completely fulfilled; or (b) When the Director considers and has sufficient reasons to believe that the activities of the Trust are included in the section 16 (2) of this Act and records reasons in the order to extinct the trust; or (c) When the fulfillment of its purpose becomes impossible by destruction of the trust-property or otherwise; or (d) When the trust, being revocable, is expressly revoked. Provided that reasonable defense opportunity has been given to the trust in case of clause (c) above and the trust has the right of appeal to the Department.