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Trust

Trust/ Welfare Organization are the basic element for any society to survive. Every Trust company establishes itself under the Societies Anjuman Act, 1860. The government of Pakistan approves the Societies Anjuman Act, 1860. A Trust is a non-profitable public company that comes into action with the sole purpose of working for society’s benefit.
Benefits
  • Welfare has a principle to act on the behalf of the needy people;
  • These organization do not return the profit or dividends to the donors. Rather they invest it in social and welfare causes relating to culture, science, education, and caretaking of the needy ones;
  • There is no limit or requirement of a specific amount of donation to start up;
  • Tax Exemptions and recognitions are also available to facilitate the welfare organizations so that their Income can be saved from the implication of taxes;
Limitations

Trust and welfare organization are normally considered as high-risk organization due to the nature of the transactions involved therefore the slight noncompliance results in to cancellation or suspension of license.

Rules & Regulations

The trust and welfare organization are ruled under the Societies Anjuman Act, 1860.

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    Attachments

  • Principle Line of Business

  • Name of Chief Executive of the proposed Company;

  • Board of Resolution. (Click here to download Draft Board of Resolution.)

  • CNIC of the Directors.

  • Percentage of Shareholding
    • Authorized Capital
    • Paid Up Capital

  • Rent Agreement along with Landlord’s CNIC

  • Latest Paid Utility Bill


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