Final Year Project

ACCOUNT OPENING CHECK LIST

FOR NGO, NPO,TRUST,CLUB,DEENI MARAIS

Submitted to: Sir Ali Sajid

Group Members Syed Shehryar Zaidi 63850

Wajahat Taj 61690
Muhammad Asad 62787
Salman 63684
 NGO/Societies/

1 Screening From NACTA Website and internal negative list

2 Valid / Registered Name of Society

3 Area of Oporation (city wide, or provincial or national character)

4 Certificate of registration Under Subsection (3) of section 4

5 Permission of a principal Civil Court of original jurisdiction (Trust)

6 Updation of Ordinance
7 Aims and objects of the agency / Lawful purpose
8 Purose / Aim
9
Num of Founders/ trustiees /governing body (atleast 7 or more) for Societies
10 PEP required approval (if applicable)

11
A signed Memorandum of Association.

SOPs and Regulations must Contains

1. Membership requirements,
12 2. The makeup of the governing body,
3. Meeting and quorum requirements,
4. Meeting notice requirements,
5. Procedures for the election and removal of officers, and
6. Accounting and audit procedures. (Min annual basis)
13
Signatures of the members
14 Election Criteria
15 Annual Audit procedure

16
Branches (If approved)
17
Immovable property
18
Movable property
19
Trustee's Details
20
Names to a memorandum of association
21 Registrar of Joint-stock Companies
22 Meeting and Reporting Requirements
(The property of the society, if not vested in trustees, vests in the governing
body. Its duties include filing all required documents on an annual basis and
holding annual meetings in compliance with the rules and regulations)

Details of Annual General Meetings (AGMs) since registration

23 Which includes a quorum "major part of the members" to review Accounting
Records, Assets and expenditures audited by qulified auditor with statement
of organization’s affairs

Details of Governig Body

24 1. Name
2. Address
3. Occupations
25 Society Taken over by the Provencial Government

26
Does provencial Government is a member, contributor or interested in the soci
27 Public Trust
28 Private Trust
29 Income Tax Exempted
30
Zakat Exempted
31
Ensure transparency and accountability
32
Yearly audited accounts
33
Books of accounts are regularly maintained
34 NGO License obtained from SECP
Additional Documents if NPO is registered under 32/42 by SECP (Limited by Guaran
35 Annexure IV / Form II inc. / Form B & Form 29 (if required) issued by SECP
duly attested by co. secretary and O/S by branch

36 License issued by SECP duly attested by co. secretary and O/S by branch
 NGO/Societies/
Yes No NA
SBP Regulation 1 RBA Line 10
THE SOCIETIES REGISTRATION ACT, 1860 Line 2.
Memorandum of association.−
THE SOCIETIES REGISTRATION ACT, 1860 Line 2.
Memorandum of association.−
THE VOLUNTARY SOCIAL WELFARE AGENCIES
Line 12. Consequences of dissolution. Section 02
THE TRUST ACT 1882 Line 53. Trustee may not buy
beneficiary's interest without permission -
Pakistan NGO Legal Regulations, Types of Registration
Paragrapgh 01
THE TRUST ACT 1882 Line 4. Lawful purpose -
THE TRUST ACT 1882 Line 4. Lawful purpose -
Pakistan NGO Legal Regulations, Types of Registration
Paragrapgh 01
SBP Regulation 02 Customer Due Diligence (CDD)
Pakistan NGO Legal Regulations, Types of Registration
Paragrapgh 01

Pakistan NGO Legal Regulations, Types of Registration

Paragrapgh 02

Pakistan NGO Legal Regulations, Types of Registration

Paragrapgh 02
Pakistan NGO Legal Regulations
Pakistan NGO Legal Regulations

REGISTRATION AND CONTROL ORDINANCE 1961 ,ELEMENTS OF

THE CONSTITUTION OF AN AGENCY 6. Branches:
THE SOCIETIES REGISTRATION ACT, 1860 Line 5. Property of
society how vested.−
THE SOCIETIES REGISTRATION ACT, 1860 Line 5. Property of
society how vested.−
THE SOCIETIES REGISTRATION ACT, 1860Line16. Governing body
defined.−
Pakistan NGO Legal Regulations, Types of Registration
Paragrapgh 02
Pakistan NGO Legal Regulations Trust
 Pakistan NGO Legal Regulations, Structure of a Society
Paragrapgh 01

THE SOCIETIES REGISTRATION ACT, 1860 Line 4. Annual list of

managing body to be filed.−

THE SOCIETIES REGISTRATION ACT, 1860 Line 16. Governing

body defined.−
Pakistan NGO Legal Regulations Trust

THE SOCIETIES REGISTRATION ACT, 1860Line 13. Provision for

dissolution of societies and adjustment of their affairs − A
Pakistan NGO Legal Regulations Trust
Pakistan NGO Legal Regulations Trust
Pakistan NGO Legal Regulations 2.2.1.1. Income Tax
Pakistan NGO Legal Regulations Trust, Rejection or Withdrawal
Paragraph 04
Pakistan NGO Legal Regulations Trust, Rejection or Withdrawal
Paragraph 07
Pakistan NGO Legal Regulations Trust, 2.1.1.2.2. Waqfs (Muslim
Trusts)
Pakistan NGO Legal Regulations Trust, 2.1.1.2.2. Waqfs (Muslim
Trusts)
Pakistan NGO Legal Regulations
tered under 32/42 by SECP (Limited by Guaranteed only)

As Per Bank Internal SOP

As Per Bank Internal SOP

Charitable societies

Societies established

For instruction

The diffusion of useful knowledge

Foundation or maintenance of libraries
Reading-rooms
for general use

Public museums
Galleries of
paintings

Collections of natural history

Mechanical and philosophical
inventions

Instruments or designs
Child welfare
Youth welfare

Women’s welfare

Welfare of the physically and mentally handicapped

Family planning

Recreational programmes intended to keep people away from anti-social activities

Social education, that is, education of adults aimed at developing sense of civic responsibility.
Welfare and rehabilitation of released prisoners.
Welfare of juvenile delinquents

Welfare of the socially handicapped.

Welfare of the beggars and destitute.

Welfare and rehabilitation of patients

Welfare of the aged and infirm.

Training in social work
Co-ordination of social welfare agencies
 Trust
Yes
1 Screening From NACTA Website and internal negative list
2 Valid / Registered Name of Trust
3 Public Trust
4 Private Trust
5 Beneficiary Details
6 Aims and objects of the Trust
7 Annual Audit procedure
8 Immovable property
9 Movable property

10 Meeting and Reporting Requirements

(The property of the society, if not vested in trustees, vests in the governing
body. Its duties include filing all required documents on an annual basis and
holding annual meetings in compliance with the rules and regulations)

Details of Annual General Meetings (AGMs) since registration

11 Which includes a quorum "major part of the members" to review Accounting
Records, Assets and expenditures audited by qulified auditor with statement of
organization’s affairs

Details of Governig Body

12 1. Name
2. Address
3. Occupations
13 Does Society Taken over by the Provencial Government
14 Does provencial Government is a member, contributor or interested in the
society
No NA
 Societies/ Madaris
Yes
1 Screening From NACTA Website and internal negative list
Memorandum of association
1. The name of the society:
2 2. The objects of the society:
3. The names, addresses, and occupations of the governors, council,
directors, committee or other governing body
3 Annual Genral meeting of the society
4 Detail of Governing body
5 Sue or be sued in the name of the president, chairman, or principal
secretary, or trustees
6 Area of Oporation (city wide, or provincial or national character)
7 Certificate of registration Under Subsection (3) of section 4
8 Permission of a principal Civil Court of original jurisdiction (Trust)
9 Updation of Ordinance
10 Paid a subscription
11 Debts and liabilities
12 Aims and objects of the agency.
13 Num of Founders/ trustiees /governing body (atleast 7 or more)
14 PEP required approval (if applicable)
15 A signed Memorandum of Association.

SOPs and Regulations must Contains

1. Membership requirements,
16 2. The makeup of the governing body,
3. Meeting and quorum requirements,
4. Meeting notice requirements,
5. Procedures for the election and removal of officers, and
6. Accounting and audit procedures. (Min annual basis)
17 Signatures of the members
18 Election Criteria
19 Annual Audit procedure
20 Branches (If approved)
21 Immovable property
22 Movable property
23 Trustee's Details
24 Names to a memorandum of association
25 Registrar of Joint-stock Companies
26 Name and adress of the society
27 Copy of society certificate

28 Copy of the report of the proceedings of the general meeting at which

the registration was resolved on.
29 Meeting and Reporting Requirements
(The property of the society, if not vested in trustees, vests in the governing
body. Its duties include filing all required documents on an annual basis and
holding annual meetings in compliance with the rules and regulations)

Details of Annual General Meetings (AGMs) since registration

30 Which includes a quorum "major part of the members" to review Accounting
Records, Assets and expenditures audited by qulified auditor with statement
of organization’s affairs

Details of Governig Body

31 1. Name
2. Address
3. Occupations

32 Inquiry as may be necessary, the Provincial Government is of the

opinion that the governing body of the society
33 Society Taken over by the Provencial Government
34 Does provencial Government is a member, contributor or interested in the
society
35 Public Trust
36 Private Trust
37 Payment of a fee of one rupee for each inspection
38 Require a copy of documents to be certified by the registrar
Deeni Madaris
39 Registered Name of Madarsa
40 Detail report of educational activities submetitted to Registrar
41 Accounts Audit Report
No NA

Charitable societies
Societies established

For instruction

Foundation or maintenance of libraries

Reading-rooms
for general use
Public museums

Galleries of
paintings
Collections
Mechanicalof natural
and history
philosophical
inventions
Instruments or designs
Child welfare
Youth welfare
Women’s welfare
Welfare of the physically and mentally handicapped
Family planning
Recreational programmes intended to keep people away from anti-social activities
Social education, that is, education of adults aimed at developing sense of civic responsibility.
Welfare and rehabilitation of released prisoners.

Welfare of juvenile delinquents

Welfare of the socially handicapped.

Welfare of the beggars and destitute.

Welfare and rehabilitation of patients

Welfare of the aged and infirm.

Training in social work

Co-ordination of social welfare agencies

social activities
nse of civic responsibility.