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Applicable Laws on Trust Registration in Pakistan

Posted on by Muhammad Waheed Ensari

Applicable Laws on Trust Registration in Pakistan

Following Applicable Laws on Trust Registration in Pakistan

NGOs/NPOs/WELFARE SOCITIES FRAMEWORK IN PAKISTAN

LAWS & REGULATIONS OF NGOs/WELFARE SOCTIES REGISTRATION IN PAKISTAN

There are following main laws applicable for registration of NGOs in Pakistan:

  • The Societies Registration Act 1860
  • The voluntary Social welfare Agency (Registration& Control) Ordinance,1961
  • The Trust Act ,1882 /Punjab Trust Act 2020/ Sindh Trust Act 2020/ ICT Trust Act 2020
  • Companies Act 2017 (Section 42)

Process under The Punjab Trust Act 2020

Administrative at Provincial & District level by Assistant Commissioner

  • Minimum 1 Author,1 Trustee and 1 Beneficiary
  • Trust of Immoveable Property (Non-Testamentary declaring of property to be transferred and registered in the name of Trust)
  • Trust of Moveable Property (Non-Testamentary declaring of property to be transferred and registered in the name of Trust)
  • Trust Deed
  • Compete Profile and identification details of Author, Trustees & Beneficiaries,
  • Registration:
  • Apply to Assistant Commissioner (AC)
  • Assistant Commissioner will forward to Director of Land records, Punjab (Director)
  • Director will verify the record through investigating & Prosecuting Agencies (NAB, FIA, FBR, ANF etc.)
  • After verification reports by agencies, Director issue certificate of registration
  • Revenue Department of Punjab

For more information on FBR’s new regulations / circulars/ SROs/ amendments in taxation laws in Pakistan please visit https://www.fbr.gov.pk/

For taxation services please contact us and to read more of our blogs click here.

Muhammad Waheed Ensari

Founder & CEO, BeSpoke Consulting and Training with 20+ Years of Professional Experience (International and National) in the field of Business Development, Taxation, Accounting, Finance & Auditing with good understanding of financial management system. Strong exposure in the field of general accounting, G/L maintenance, financial reporting and Internal control procedures. Expert in handling people of diverse nationalities, and renowned for being an excellent team player with a positive “can do” attitude. Energetic & self-motivated with a high degree of cultural sensitivity.

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