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10

Provision of Miscellaneous information

Act: Balochistan Waqf Properties Act 2020

Section Provisions

ACT III OF 2020 ACT III OF 2020 BALOCHISTAN WAQF PROPERTIES ACT, 2020 An Act to make provisions and to repeal be existing Waqf Properties Ordinance, 1979 [Gazette of Balochistan Extraordinary, 1st September, 2020] No. PAB/Legis;V(02)/2020, dated 1.9.2020.---The Balochistan Waqf Properties Bill, 2020 (Bill No. 02 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 to cater for the monitoring an evaluation purposes of the Waqf and to make provisions relating to the proper management and administration of Waqf Properties in Balochistan Province. AND WHEREAS it is expedient to make provisions relating to proper management and administration of waqf properties in the Balochistan or matters incidental thereto; 10. Provision of Miscellaneous information.---(1) Prior to entering into a business relationship or carrying out an occasional transaction with a reporting entity, any Deputy Manager Auqaf, whether a creator of the waqf or otherwise, shall disclose its status as such to the reporting entity. (2) The Deputy Manager Auqaf in respect of any waqf existing before the commencement of this Act, whether a creator of the waqf or otherwise, shall disclose its status as such to the reporting entity with which they have a business relationship.