Different Laws are enacted by the provincial legislatures to regulate charities.
Section 20 of the Punjab Charities Act, 2018 prevents any individual/organization from collecting charities without prior sanction by the authority. 1/4
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Charities can't be collected until the collector of such funds is registered u/s 12 of the Act. Any person violating any provision of the Charities Act is liable to be punished with imprisonment of 15 days upto 6 months or fine of R.s 25K upto 100K. 2/4 #FloodReliefFund2022
Punjab Charities Act, 2018 contains provisions about misapplication, audit and inspection of funds.
P.S: Punjab Charities Act is enacted to replace The Charitable Funds Act, 1953.
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Additionally, Anti Money Laundering Regulations of #SBP doesn't allow personal bank account to be used for charity purposes.
Bank accounts opened under the registered name of the charity/organization can only be used to receive funds. 4/4 #FloodinPakistan #FloodReliefFund2022
The Register of Charities is a
public document and open to public inspection at all reasonable times! Any person may obtain copies of particulars of the register of Charities or documents supplied by a Charity.~Section 16 of Punjab Charities Act, 2018
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