The Punjab Zakat and Ushr Act 2018 establishes provisions for the assessment, collection, and disbursement of Zakat and Ushr in the Punjab province of Pakistan. Key aspects include setting up the Punjab Zakat and Ushr Council to oversee administration, establishing Zakat and Ushr funds, and constituting district and local committees to administer collection and disbursement at regional levels. The Act also covers definitions of terms, requirements for individuals to declare non-payment of Zakat or Ushr, and provisions for accounts, audits, and rules to implement and enforce the Act.
Taxmann's Benami Black Money & Money Laundering LawsTaxmann
Taxmann’s Benami, Black Money & Money Laundering Laws provides a compilation of annotated, amended & updated on the following Laws:
• Prohibition of Benami Property Transactions Act, 1988 with Rules, Schemes & Notifications
• Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 with Rules, Challans, Instructions and Circulars & Notifications
• Prevention of Money-laundering Act, 2002 with Rules & Notifications
• Fugitive Economic Offenders Act, 2018 with Rules, Regulations & Notifications
This book aims to provides a complete and thorough understanding of the statutory portion of the Benami and Black Money Laws.
The Present Publication is the Latest Edition, as amended by the Finance Act 2021.
The document is the response from the Minister of State in the Ministry of Home Affairs of India to an unstarred question in the Lok Sabha regarding the rehabilitation of Rohingya Muslims in India. The key points are:
1) The government views illegal migrants, including Rohingyas, as a threat to national security due to some reports of Rohingyas engaging in illegal activities.
2) India is not a signatory to the 1951 UN Refugee Convention and all foreign nationals, including refugees, are governed by Indian laws regarding foreigners.
3) While India has signed the UN Convention Against Torture and acceded to the ICCPR, it has not ratified the Convention Against Tort
The document is an amendment bill to further amend the Benami Transactions (Prohibition) Act of 1988 in India. Some key points:
- It proposes to substitute new definitions for terms like "benami property", "benami transaction", and establishes new authorities like the Adjudicating Authority and Appellate Tribunal.
- It prohibits benami transactions initiated after the date of commencement of this amendment act and introduces penal provisions.
- It also substitutes sections regarding confiscation of benami property and prohibits re-transfer of such property.
- New chapters are inserted establishing the Adjudicating Authority, its composition, powers, and terms of office of members.
The document discusses benami transactions under Indian law. It defines key terms like benamidar and beneficial owner. It summarizes the Benami Transactions (Prohibition) Act of 1988 and the 2011 bill that replaced it. The bill prohibits benami transactions and makes property involved liable for confiscation. It imposes penalties for engaging in benami transactions or providing false information regarding such transactions.
This document is a double taxation agreement between the UK and Bangladesh signed in 1979. Some key points:
- It aims to avoid double taxation and prevent fiscal evasion on taxes on income and capital gains.
- It covers UK taxes like income tax, corporation tax, and capital gains tax, and Bangladesh taxes like income tax and super tax.
- It defines terms like "resident of a Contracting State" and "permanent establishment" and outlines how income from different sources like business profits, dividends, interest, and royalties will be taxed.
- It includes provisions for eliminating double taxation and procedures for resolving disputes between the two countries.
The document compares amendments proposed by the Indian government to the Benami Transactions (Prohibition) Amendment Bill of 2015. Key proposed amendments include narrowing the definition of benami transactions, exempting certain property transfers where stamp duty was paid, and allowing authorized representatives during adjudication proceedings. The Standing Committee on Finance had recommended some of these amendments, including qualifications for the Appellate Tribunal Chairperson. The Committee also suggested addressing unaccounted wealth through income tax laws and digitizing land records instead of a separate benami law.
This document is an agreement between the governments of the United States and Vietnam to avoid double taxation and prevent tax evasion on income. It defines key terms like "resident", "permanent establishment", and outlines which taxes are covered. It also establishes rules for attributing taxable income to permanent establishments and determining deductions. The agreement aims to provide clarity on tax obligations and ensure neither country taxes the same income twice.
This document outlines the Benami Transactions (Prohibition) Act 2017 in Pakistan.
The key aspects covered include:
- Establishing authorities like the Adjudicating Authority, Federal Appellate Tribunal and their roles.
- Defining important terms like benami property, benami transactions, beneficial owner etc.
- Prohibiting benami transactions and making benami property liable for confiscation by the government.
- Restricting retransfer of benami property to the beneficial owner.
- Setting up a hierarchy of authorities with Special Courts, then the Federal Appellate Tribunal above the Adjudicating Authorities for hearing matters related to the Act.
Taxmann's Benami Black Money & Money Laundering LawsTaxmann
Taxmann’s Benami, Black Money & Money Laundering Laws provides a compilation of annotated, amended & updated on the following Laws:
• Prohibition of Benami Property Transactions Act, 1988 with Rules, Schemes & Notifications
• Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 with Rules, Challans, Instructions and Circulars & Notifications
• Prevention of Money-laundering Act, 2002 with Rules & Notifications
• Fugitive Economic Offenders Act, 2018 with Rules, Regulations & Notifications
This book aims to provides a complete and thorough understanding of the statutory portion of the Benami and Black Money Laws.
The Present Publication is the Latest Edition, as amended by the Finance Act 2021.
The document is the response from the Minister of State in the Ministry of Home Affairs of India to an unstarred question in the Lok Sabha regarding the rehabilitation of Rohingya Muslims in India. The key points are:
1) The government views illegal migrants, including Rohingyas, as a threat to national security due to some reports of Rohingyas engaging in illegal activities.
2) India is not a signatory to the 1951 UN Refugee Convention and all foreign nationals, including refugees, are governed by Indian laws regarding foreigners.
3) While India has signed the UN Convention Against Torture and acceded to the ICCPR, it has not ratified the Convention Against Tort
The document is an amendment bill to further amend the Benami Transactions (Prohibition) Act of 1988 in India. Some key points:
- It proposes to substitute new definitions for terms like "benami property", "benami transaction", and establishes new authorities like the Adjudicating Authority and Appellate Tribunal.
- It prohibits benami transactions initiated after the date of commencement of this amendment act and introduces penal provisions.
- It also substitutes sections regarding confiscation of benami property and prohibits re-transfer of such property.
- New chapters are inserted establishing the Adjudicating Authority, its composition, powers, and terms of office of members.
The document discusses benami transactions under Indian law. It defines key terms like benamidar and beneficial owner. It summarizes the Benami Transactions (Prohibition) Act of 1988 and the 2011 bill that replaced it. The bill prohibits benami transactions and makes property involved liable for confiscation. It imposes penalties for engaging in benami transactions or providing false information regarding such transactions.
This document is a double taxation agreement between the UK and Bangladesh signed in 1979. Some key points:
- It aims to avoid double taxation and prevent fiscal evasion on taxes on income and capital gains.
- It covers UK taxes like income tax, corporation tax, and capital gains tax, and Bangladesh taxes like income tax and super tax.
- It defines terms like "resident of a Contracting State" and "permanent establishment" and outlines how income from different sources like business profits, dividends, interest, and royalties will be taxed.
- It includes provisions for eliminating double taxation and procedures for resolving disputes between the two countries.
The document compares amendments proposed by the Indian government to the Benami Transactions (Prohibition) Amendment Bill of 2015. Key proposed amendments include narrowing the definition of benami transactions, exempting certain property transfers where stamp duty was paid, and allowing authorized representatives during adjudication proceedings. The Standing Committee on Finance had recommended some of these amendments, including qualifications for the Appellate Tribunal Chairperson. The Committee also suggested addressing unaccounted wealth through income tax laws and digitizing land records instead of a separate benami law.
This document is an agreement between the governments of the United States and Vietnam to avoid double taxation and prevent tax evasion on income. It defines key terms like "resident", "permanent establishment", and outlines which taxes are covered. It also establishes rules for attributing taxable income to permanent establishments and determining deductions. The agreement aims to provide clarity on tax obligations and ensure neither country taxes the same income twice.
This document outlines the Benami Transactions (Prohibition) Act 2017 in Pakistan.
The key aspects covered include:
- Establishing authorities like the Adjudicating Authority, Federal Appellate Tribunal and their roles.
- Defining important terms like benami property, benami transactions, beneficial owner etc.
- Prohibiting benami transactions and making benami property liable for confiscation by the government.
- Restricting retransfer of benami property to the beneficial owner.
- Setting up a hierarchy of authorities with Special Courts, then the Federal Appellate Tribunal above the Adjudicating Authorities for hearing matters related to the Act.
This document summarizes the key points of the Double Taxation Agreement between India and Bangladesh signed on May 27, 1992. It aims to avoid double taxation and prevent fiscal evasion with respect to taxes on income for the two countries. The agreement applies to individuals and companies that are residents of India or Bangladesh. It specifies the taxes covered in each country and defines terms like "resident", "permanent establishment", and assigns authority to the respective revenue boards of each country.
This document is a treaty between the United States and Bangladesh concerning investment protection and encouragement. It aims to promote economic cooperation by establishing rules for investments made by nationals and companies of one country in the territory of the other. Key provisions include: (1) requiring each country to provide fair and equitable treatment of investments from the other; (2) establishing rules for compensation in cases of expropriation of investments; (3) allowing for the free transfer of funds associated with investments; and (4) creating mechanisms for consultation and dispute settlement related to investments covered by the treaty.
The document provides an overview of benami transactions and the Benami Transactions (Prohibition) Act 1988 in India. Some key points:
- Benami means "property without name" and refers to transactions where property is purchased in someone else's name without intending to benefit them.
- The 1988 Act was introduced to prohibit benami transactions and recover properties held benami, as such transactions were previously abused to evade taxes, circumvent land ceilings, and commit fraud.
- Under the Act, benami transactions are prohibited and no suits can be filed to claim rights over benami properties. Benami properties are also liable for acquisition by authorities. However, the Act had deficiencies in implementation and scope
This document appears to be part of an act from Bangladesh related to specific relief. It begins with a preamble stating it is to define and amend the law relating to certain kinds of specific relief obtainable in civil suits. It then provides definitions for terms used in the act like obligation, trust, and trustee. The act discusses different types of specific relief that can be granted, including taking possession of property, ordering a party to perform an act, and preventing a party from acting. It provides guidance on recovering possession of both immovable and movable property and on the specific performance of contracts.
This presentation discusses benami transactions in light of demonetization. It begins by highlighting key points of demonetization and the Prohibition of Benami Property Transactions Act of 1988. It defines what constitutes a benami property and transaction, providing examples of cash and stock being considered benami property. Exceptions to benami transactions are outlined, along with impacts such as 100% confiscation of benami property and imprisonment. The presentation explains how benamidars (property holders) and beneficial owners (intended beneficiaries) are impacted under the new Act.
This document provides the definitions and preliminary information for the Code of Civil Procedure, 1908 in Bangladesh. It defines key terms used in the code such as "decree", "judgment", "pleader", and "public officer". It also outlines some general principles for Bangladeshi civil procedure such as which courts have jurisdiction over which types of suits, the concept of res judicata, and where suits should be instituted based on the location of the subject matter in dispute.
Very recently, Benami Property Act was enacted to control black money in India. After demonetisation huge Benami Transactions were recorded. The Act should be taken seriously.
Benami Transactions (Prohibition) Act, 1988 has been amended and renamed as Prohibition
of Benami Property Transactions Act, 1988 (PBPT Act). Benami Act mainly focuses on finding
real names behind nameless real estate transactions. The amended act clearly defines the benami
transactions
The document summarizes key aspects of the Benami Transactions (Prohibition) Amendment Act, 2016 in India. It defines key terms like "benami property" and "benami transaction". It establishes authorities like the Initiating Officer, Approving Authority, Adjudicating Authority, and Appellate Tribunal to investigate and rule on benami transactions. The authorities have powers to provisionally attach properties, issue notices, conduct inquiries, and pass confiscation or other orders. Their orders can be appealed to the Appellate Tribunal. The Act aims to curb illegal benami transactions in India.
The document discusses the Benami Transactions (Prohibition) Amendment Bill, 2015, which seeks to amend the Benami Transactions Act of 1988. The key points are:
1) The Bill aims to amend the definition of benami transactions, establish authorities to deal with such cases, and specify penalties.
2) A benami transaction is one where a property is held under a false name, with the real owner denying knowledge or being untraceable.
3) Certain exemptions like HUF properties are specified. Penalties for benami transactions and false information are increased.
4) Adjudicating authorities and an Appellate Tribunal will be set up to examine cases and hear appeals against confiscating
The document discusses regulations around insider trading and price sensitive information in Bangladesh. It defines price sensitive information and insider trading, and prohibits the latter. The Securities and Exchange Commission is responsible for regulating the capital market and protecting investors. It can investigate companies, inspect records, audit intermediaries, and prohibit fraudulent practices. The document also discusses prospectuses, listing and delisting of companies, restrictions on securities dealings, and information that must be included in directors' reports. Insider trading is prohibited, and insiders are defined as those who possess non-public material information.
The document summarizes key aspects of the Benami Transactions (Prohibition) Amendment Act 2016 in India. It defines benami transactions as purchasing or holding property in someone else's name while providing the consideration. The Act aims to prohibit benami transactions and allow for confiscation of benami properties. It establishes authorities like initiating officers, adjudicating authorities, and an appellate tribunal to oversee the attachment, adjudication and confiscation of benami properties. Penalties for offenses include fines up to 25% of fair market value and imprisonment from 1-7 years. The Act is expected to impact the real estate market by reducing black money transactions and property disputes.
This document outlines the Kenya Citizenship and Immigration Act of 2011. Some key points:
- It establishes rules for citizenship, issuance of travel documents, and immigration controls.
- Citizenship can be obtained by birth in Kenya, descent from a Kenyan citizen, marriage to a Kenyan citizen, or other legal means. Dual citizenship is permitted.
- The Director of Immigration and immigration officers are appointed to administer the Act and control entry, exit, and residency in Kenya.
- Permits and visas are required by foreigners and can be revoked if the terms are not met. Prohibited immigrants may be denied entry or deported.
This document summarizes the Foreign Contribution (Regulation) Act of 1976 in India, which regulates the acceptance and use of foreign contributions by certain individuals and organizations.
The key points are:
1) It regulates foreign contributions to political parties, candidates for election, government employees, members of legislatures, and certain organizations.
2) These individuals and organizations must disclose any foreign contributions received above a certain amount and for what purposes.
3) Certain associations carrying out cultural, educational or social programs can accept foreign contributions if registered with the central government and contributions are received through specified bank branches.
This document summarizes the key points of the Bonded Labour System (Abolition) Act of 1976 in India. The act aims to abolish the bonded labour system and prevent the economic and physical exploitation of weaker sections of society. Key provisions include:
- Abolishing the bonded labour system and freeing all bonded labourers from any obligations.
- Making any agreements, customs, contracts or instruments that compel bonded labour void.
- Extinguishing all bonded debts and prohibiting any recovery attempts through legal means.
- Restoring any seized property or forcibly taken possessions from bonded labourers.
- Dismissing any pending legal suits or proceedings related to bonded labour obligations.
The benami transactions (prohibitions) amendment act (1)Himanshu Goyal
The document summarizes the Prohibition of Benami Property Transactions Act of 1988 as amended in 2016 in India. Some key points:
- The act prohibits benami transactions where one person provides consideration for a property but it is held in another person's name. Such properties are liable to be confiscated.
- The 2016 amendment strengthened penalties, setting up adjudicating authorities and an appellate tribunal to deal with benami cases.
- Transactions done for illegitimate purposes like concealing black money or evading taxes come under the purview of benami transactions according to the act.
- Properties involved in benami transactions are liable to face attachment or confiscation and individuals can be fined or imprisoned for
The document outlines draft provisions for an agreement on trade in services, investment, and e-commerce between the EU and US. It includes 7 chapters covering general provisions, investment, cross-border supply of services, temporary entry of natural persons, regulatory framework, electronic commerce, and exceptions. The key points are:
1. It seeks to progressively liberalize trade in services, investment, and e-commerce cooperation between the EU and US while maintaining the ability to regulate in the public interest.
2. It defines terms like natural/juridical persons, investments, cross-border supply of services, and establishes scope and coverage rules.
3. It includes provisions on market access and national treatment for investments
This document summarizes the Foreign Investment Act of 1997 passed by the Federated States of Micronesia. The act establishes a new chapter on foreign investment that encourages foreign investment while protecting citizens' interests. It defines key terms like foreign investment and investor. It requires all foreign investors to obtain a Foreign Investment Permit and establishes a system to categorize economic sectors, with some sectors on a "National Red List" closed to foreign investment and others on an "National Amber List" subject to national regulation.
The Minister of Women & Child Development Smt Maneka Sanjay Gandhi released the draft “Trafficking of Persons (Prevention, Protection and Rehabilitation) Bill, 2016” in New Delhi today for further stakeholders consultations and comments. The Bill aims to create a strong legal, economic and social environment against trafficking of persons and related matters.
Speaking on the occasion, Smt Maneka Sanjay Gandhi said that the Bill is victim oriented and makes clear the distinction between the ‘trafficker’ and the ‘trafficked’. The WCD Minister said that the draft Bill plugs loopholes in existing laws and brings within its fold additional crimes pertaining to trafficking which don’t find a place in the existing laws. It also envisages creation of a fund for rehabilitation of victims of trafficking, she said. Under the Bill, an institutional mechanism is also sought to be set up to deal with this highly specialized subject which will also include members from Civil Society Organizations, the Minister explained. Since the problem is trans-border with our neighbouring countries, protocols will also be worked out for those trafficked from other countries. Smt Maneka Gandhi also highlighted the major initiatives taken up by the Government to deal with the problem of trafficking and that of missing children including the new Khoya-Paya web portal, unique initiative with Railways, pasting of posters in railway coaches, expansion of Children helpline-Childline 1098 among others
This document is an Act passed by the Indian Parliament to regulate chit funds. Some key points:
- It defines important terms related to chit funds such as foreman, subscriber, chit amount, prize amount, etc.
- It requires all chits to be sanctioned by the state government and registered according to this Act in order to be commenced or conducted legally.
- It prohibits the invitation of subscriptions without meeting certain conditions like obtaining required sanctions.
- It specifies the necessary particulars that must be included in the chit agreement document signed by subscribers and foreman, such as subscriber details, installment amounts, manner of determining prized subscriber, etc.
The Insolvency And Bankruptcy Code, 2016Satish Mishra
This document is the Insolvency and Bankruptcy Code of India from 2016. It consolidates and amends laws relating to insolvency resolution and bankruptcy for corporate entities, partnerships and individuals. The key points are:
1) It establishes the Insolvency and Bankruptcy Board of India to regulate insolvency professionals and information utilities.
2) It lays out provisions for insolvency resolution and liquidation that apply to companies, limited liability partnerships, and other corporate entities.
3) It defines important terms related to insolvency including financial debtor, default, creditors, resolution professional, and adjudicating authority.
The document provides definitions for key terms used in the Insolvency and Bankruptcy Code of India. It defines terms related to insolvency resolution, liquidation, and bankruptcy for corporate entities, partnership firms, and individuals. Some key terms defined include "corporate debtor", "creditor", "debt", "default", "financial creditor", "operational creditor", "insolvency professional", and "secured creditor". The definitions section aims to provide clarity on the meaning of important concepts and entities referenced in the Insolvency and Bankruptcy Code.
This document summarizes the key points of the Double Taxation Agreement between India and Bangladesh signed on May 27, 1992. It aims to avoid double taxation and prevent fiscal evasion with respect to taxes on income for the two countries. The agreement applies to individuals and companies that are residents of India or Bangladesh. It specifies the taxes covered in each country and defines terms like "resident", "permanent establishment", and assigns authority to the respective revenue boards of each country.
This document is a treaty between the United States and Bangladesh concerning investment protection and encouragement. It aims to promote economic cooperation by establishing rules for investments made by nationals and companies of one country in the territory of the other. Key provisions include: (1) requiring each country to provide fair and equitable treatment of investments from the other; (2) establishing rules for compensation in cases of expropriation of investments; (3) allowing for the free transfer of funds associated with investments; and (4) creating mechanisms for consultation and dispute settlement related to investments covered by the treaty.
The document provides an overview of benami transactions and the Benami Transactions (Prohibition) Act 1988 in India. Some key points:
- Benami means "property without name" and refers to transactions where property is purchased in someone else's name without intending to benefit them.
- The 1988 Act was introduced to prohibit benami transactions and recover properties held benami, as such transactions were previously abused to evade taxes, circumvent land ceilings, and commit fraud.
- Under the Act, benami transactions are prohibited and no suits can be filed to claim rights over benami properties. Benami properties are also liable for acquisition by authorities. However, the Act had deficiencies in implementation and scope
This document appears to be part of an act from Bangladesh related to specific relief. It begins with a preamble stating it is to define and amend the law relating to certain kinds of specific relief obtainable in civil suits. It then provides definitions for terms used in the act like obligation, trust, and trustee. The act discusses different types of specific relief that can be granted, including taking possession of property, ordering a party to perform an act, and preventing a party from acting. It provides guidance on recovering possession of both immovable and movable property and on the specific performance of contracts.
This presentation discusses benami transactions in light of demonetization. It begins by highlighting key points of demonetization and the Prohibition of Benami Property Transactions Act of 1988. It defines what constitutes a benami property and transaction, providing examples of cash and stock being considered benami property. Exceptions to benami transactions are outlined, along with impacts such as 100% confiscation of benami property and imprisonment. The presentation explains how benamidars (property holders) and beneficial owners (intended beneficiaries) are impacted under the new Act.
This document provides the definitions and preliminary information for the Code of Civil Procedure, 1908 in Bangladesh. It defines key terms used in the code such as "decree", "judgment", "pleader", and "public officer". It also outlines some general principles for Bangladeshi civil procedure such as which courts have jurisdiction over which types of suits, the concept of res judicata, and where suits should be instituted based on the location of the subject matter in dispute.
Very recently, Benami Property Act was enacted to control black money in India. After demonetisation huge Benami Transactions were recorded. The Act should be taken seriously.
Benami Transactions (Prohibition) Act, 1988 has been amended and renamed as Prohibition
of Benami Property Transactions Act, 1988 (PBPT Act). Benami Act mainly focuses on finding
real names behind nameless real estate transactions. The amended act clearly defines the benami
transactions
The document summarizes key aspects of the Benami Transactions (Prohibition) Amendment Act, 2016 in India. It defines key terms like "benami property" and "benami transaction". It establishes authorities like the Initiating Officer, Approving Authority, Adjudicating Authority, and Appellate Tribunal to investigate and rule on benami transactions. The authorities have powers to provisionally attach properties, issue notices, conduct inquiries, and pass confiscation or other orders. Their orders can be appealed to the Appellate Tribunal. The Act aims to curb illegal benami transactions in India.
The document discusses the Benami Transactions (Prohibition) Amendment Bill, 2015, which seeks to amend the Benami Transactions Act of 1988. The key points are:
1) The Bill aims to amend the definition of benami transactions, establish authorities to deal with such cases, and specify penalties.
2) A benami transaction is one where a property is held under a false name, with the real owner denying knowledge or being untraceable.
3) Certain exemptions like HUF properties are specified. Penalties for benami transactions and false information are increased.
4) Adjudicating authorities and an Appellate Tribunal will be set up to examine cases and hear appeals against confiscating
The document discusses regulations around insider trading and price sensitive information in Bangladesh. It defines price sensitive information and insider trading, and prohibits the latter. The Securities and Exchange Commission is responsible for regulating the capital market and protecting investors. It can investigate companies, inspect records, audit intermediaries, and prohibit fraudulent practices. The document also discusses prospectuses, listing and delisting of companies, restrictions on securities dealings, and information that must be included in directors' reports. Insider trading is prohibited, and insiders are defined as those who possess non-public material information.
The document summarizes key aspects of the Benami Transactions (Prohibition) Amendment Act 2016 in India. It defines benami transactions as purchasing or holding property in someone else's name while providing the consideration. The Act aims to prohibit benami transactions and allow for confiscation of benami properties. It establishes authorities like initiating officers, adjudicating authorities, and an appellate tribunal to oversee the attachment, adjudication and confiscation of benami properties. Penalties for offenses include fines up to 25% of fair market value and imprisonment from 1-7 years. The Act is expected to impact the real estate market by reducing black money transactions and property disputes.
This document outlines the Kenya Citizenship and Immigration Act of 2011. Some key points:
- It establishes rules for citizenship, issuance of travel documents, and immigration controls.
- Citizenship can be obtained by birth in Kenya, descent from a Kenyan citizen, marriage to a Kenyan citizen, or other legal means. Dual citizenship is permitted.
- The Director of Immigration and immigration officers are appointed to administer the Act and control entry, exit, and residency in Kenya.
- Permits and visas are required by foreigners and can be revoked if the terms are not met. Prohibited immigrants may be denied entry or deported.
This document summarizes the Foreign Contribution (Regulation) Act of 1976 in India, which regulates the acceptance and use of foreign contributions by certain individuals and organizations.
The key points are:
1) It regulates foreign contributions to political parties, candidates for election, government employees, members of legislatures, and certain organizations.
2) These individuals and organizations must disclose any foreign contributions received above a certain amount and for what purposes.
3) Certain associations carrying out cultural, educational or social programs can accept foreign contributions if registered with the central government and contributions are received through specified bank branches.
This document summarizes the key points of the Bonded Labour System (Abolition) Act of 1976 in India. The act aims to abolish the bonded labour system and prevent the economic and physical exploitation of weaker sections of society. Key provisions include:
- Abolishing the bonded labour system and freeing all bonded labourers from any obligations.
- Making any agreements, customs, contracts or instruments that compel bonded labour void.
- Extinguishing all bonded debts and prohibiting any recovery attempts through legal means.
- Restoring any seized property or forcibly taken possessions from bonded labourers.
- Dismissing any pending legal suits or proceedings related to bonded labour obligations.
The benami transactions (prohibitions) amendment act (1)Himanshu Goyal
The document summarizes the Prohibition of Benami Property Transactions Act of 1988 as amended in 2016 in India. Some key points:
- The act prohibits benami transactions where one person provides consideration for a property but it is held in another person's name. Such properties are liable to be confiscated.
- The 2016 amendment strengthened penalties, setting up adjudicating authorities and an appellate tribunal to deal with benami cases.
- Transactions done for illegitimate purposes like concealing black money or evading taxes come under the purview of benami transactions according to the act.
- Properties involved in benami transactions are liable to face attachment or confiscation and individuals can be fined or imprisoned for
The document outlines draft provisions for an agreement on trade in services, investment, and e-commerce between the EU and US. It includes 7 chapters covering general provisions, investment, cross-border supply of services, temporary entry of natural persons, regulatory framework, electronic commerce, and exceptions. The key points are:
1. It seeks to progressively liberalize trade in services, investment, and e-commerce cooperation between the EU and US while maintaining the ability to regulate in the public interest.
2. It defines terms like natural/juridical persons, investments, cross-border supply of services, and establishes scope and coverage rules.
3. It includes provisions on market access and national treatment for investments
This document summarizes the Foreign Investment Act of 1997 passed by the Federated States of Micronesia. The act establishes a new chapter on foreign investment that encourages foreign investment while protecting citizens' interests. It defines key terms like foreign investment and investor. It requires all foreign investors to obtain a Foreign Investment Permit and establishes a system to categorize economic sectors, with some sectors on a "National Red List" closed to foreign investment and others on an "National Amber List" subject to national regulation.
The Minister of Women & Child Development Smt Maneka Sanjay Gandhi released the draft “Trafficking of Persons (Prevention, Protection and Rehabilitation) Bill, 2016” in New Delhi today for further stakeholders consultations and comments. The Bill aims to create a strong legal, economic and social environment against trafficking of persons and related matters.
Speaking on the occasion, Smt Maneka Sanjay Gandhi said that the Bill is victim oriented and makes clear the distinction between the ‘trafficker’ and the ‘trafficked’. The WCD Minister said that the draft Bill plugs loopholes in existing laws and brings within its fold additional crimes pertaining to trafficking which don’t find a place in the existing laws. It also envisages creation of a fund for rehabilitation of victims of trafficking, she said. Under the Bill, an institutional mechanism is also sought to be set up to deal with this highly specialized subject which will also include members from Civil Society Organizations, the Minister explained. Since the problem is trans-border with our neighbouring countries, protocols will also be worked out for those trafficked from other countries. Smt Maneka Gandhi also highlighted the major initiatives taken up by the Government to deal with the problem of trafficking and that of missing children including the new Khoya-Paya web portal, unique initiative with Railways, pasting of posters in railway coaches, expansion of Children helpline-Childline 1098 among others
This document is an Act passed by the Indian Parliament to regulate chit funds. Some key points:
- It defines important terms related to chit funds such as foreman, subscriber, chit amount, prize amount, etc.
- It requires all chits to be sanctioned by the state government and registered according to this Act in order to be commenced or conducted legally.
- It prohibits the invitation of subscriptions without meeting certain conditions like obtaining required sanctions.
- It specifies the necessary particulars that must be included in the chit agreement document signed by subscribers and foreman, such as subscriber details, installment amounts, manner of determining prized subscriber, etc.
The Insolvency And Bankruptcy Code, 2016Satish Mishra
This document is the Insolvency and Bankruptcy Code of India from 2016. It consolidates and amends laws relating to insolvency resolution and bankruptcy for corporate entities, partnerships and individuals. The key points are:
1) It establishes the Insolvency and Bankruptcy Board of India to regulate insolvency professionals and information utilities.
2) It lays out provisions for insolvency resolution and liquidation that apply to companies, limited liability partnerships, and other corporate entities.
3) It defines important terms related to insolvency including financial debtor, default, creditors, resolution professional, and adjudicating authority.
The document provides definitions for key terms used in the Insolvency and Bankruptcy Code of India. It defines terms related to insolvency resolution, liquidation, and bankruptcy for corporate entities, partnership firms, and individuals. Some key terms defined include "corporate debtor", "creditor", "debt", "default", "financial creditor", "operational creditor", "insolvency professional", and "secured creditor". The definitions section aims to provide clarity on the meaning of important concepts and entities referenced in the Insolvency and Bankruptcy Code.
Securitisation and reconstruction of financial assets and enforcement of secu...ACS Shalu Saraf
The SARFAESI Act enables secured creditors like banks and financial institutions to enforce their security without court intervention. It allows creditors to take possession of secured assets, sell them, or assign rights over them to recover loans in case of default. The Act established mechanisms for asset reconstruction companies to acquire financial assets from banks and issue security receipts to investors. It defines terms like borrower, financial asset, and non-performing asset. The constitutional validity of the Act was upheld by the Supreme Court. Methods of recovery include securitization, asset reconstruction, and direct enforcement of security. Amendments allowed debt to equity conversion and banks to purchase auctioned properties under certain conditions.
This document is a position paper from the Mauritius Labour Party analyzing proposed amendments to Mauritius' Constitution and laws regarding asset recovery and integrity reporting. It provides background on Mauritius' constitutional history and independence. It then analyzes the specific proposed amendment to Section 8 of the Constitution, which protects against deprivation of property, noting this amendment would allow for confiscation of disproportionate assets. However, the paper argues such an amendment has significant legal consequences and must follow the strict amendment process in Section 47 of the Constitution to be valid. It also analyzes relevant case law regarding separation of powers. In conclusion, the paper cautions that any constitutional amendment requires fully considering implications for fundamental rights and the Constitution's framework.
This document is a position paper from the Mauritius Labour Party analyzing proposed constitutional amendments and bills related to governance and anti-corruption efforts. It provides background on Mauritius' constitutional history and independence. It then analyzes in detail a proposed amendment to Section 8 of the Constitution regarding the protection of property from deprivation. The amendment would allow for the compulsory acquisition of property to be supported by three-quarters of the Assembly in order to not be questioned in court. The position paper examines the existing Section 8 protections and implications of the proposed changes.
Foreign Contribution Regulation Act 2010 power point presentation (ppt slide) by Shalini Singh, BY- SHALINI SINGH, BSC LLB(HONS), GUJARAT NATIONAL LAW UNIVERSITY, during Internship at Biz and Legis Law Firm.
An Act to consolidate the law to regulate the acceptance and
utilisation of foreign contribution or foreign hospitality by certain
individuals or associations or companies and to prohibit
acceptance and utilisation of foreign contribution or foreign
hospitality for any activities detrimental to the national interest
and for matters connected therewith or incidental thereto
This document summarizes the Foreign Contribution (Regulation) Act of 1976 in India, which regulates the acceptance and use of foreign contributions by certain individuals and organizations.
The key points are:
1) It establishes rules for accepting foreign contributions and hospitality by political candidates, government employees, members of legislatures, and political parties.
2) Other organizations and individuals must register with the government and receive contributions only through specified bank accounts to accept foreign funds.
3) Recipients of foreign scholarships or payments above a certain amount must notify the government.
4) The act aims to ensure these entities function in a way consistent with India's sovereignty and democratic values.
The document discusses key provisions around acceptance of deposits under the Companies Act 2013. It defines deposit, eligible company, and depositor. It prohibits acceptance of deposits from the public, but allows eligible companies to do so subject to certain conditions. These include board approval, credit rating, deposit insurance, and maintenance of a deposit repayment reserve account. It also discusses penalties for non-repayment of deposits and provides exemptions for certain entities like banks.
This document outlines the Bonded Labour System (Abolition) Act of 1976 in India. The key points are:
- The Act aims to abolish the bonded labour system and prevent economic and physical exploitation of weaker sections of society.
- Under the Act, bonded labour is abolished and bonded labourers are freed from any obligations. Agreements or customs requiring bonded labour are void.
- Bonded debts are extinguished and cannot be recovered through legal means. Property used as collateral for bonded debts is also freed.
- Authorities like District Magistrates have duties to ensure the Act is implemented and bonded labour is not enforced. Vigilance committees are formed to prevent the re-emergence of
This document is the Income Tax Ordinance of 1984 from Bangladesh. It begins with definitions of key terms used in the ordinance. It defines terms like agricultural income, amalgamation, annual value, assessee, assessment, capital asset and dividend. It provides definitions for terms related to the structure of the tax authority such as Commissioner, Deputy Commissioner of Taxes, and Director General of Inspection. It also defines common business terms like company, director and employee. The ordinance aims to consolidate and amend the existing laws relating to income tax in Bangladesh.
This document is a draft bill made by the Ram Lubhaya Committee in Rajasthan, India titled the "Rajasthan Transparency and Social Accountability Bill, 2020".
The key aspects of the bill are:
- It aims to ensure time-bound delivery of public services and grievance redress as outlined in Citizens Charters.
- It mandates every public authority to publish a Citizens Charter within 3 months laying out the services provided, delivery timelines, and complaint processes.
- It also requires every public servant to have a published Job Chart outlining their roles, responsibilities and performance standards.
- It establishes Information and Facilitation Centers at various local levels to receive applications and
This document outlines the Financial Institutions Ordinance of 2001 in Pakistan. The ordinance aims to repeal and re-enact the Banking Companies (Recovery of Loans, Advances, Credits and Finances) Act of 1997 with some modifications. It establishes Banking Courts to handle cases related to recovery of finances extended by financial institutions in a timely manner. The ordinance defines key terms, outlines the duties of customers to fulfill obligations, and sets out procedures for financial institutions to recover written-off finances expeditiously through the new Banking Courts.
This document contains rules related to the acceptance of deposits by companies in India as per the Companies Act, 2013. Some key points:
- It defines various terms related to deposits such as eligible company, deposit, depositor etc. and specifies the types of amounts that are not considered deposits.
- It sets rules for companies regarding the terms and conditions of accepting deposits such as minimum and maximum maturity periods, limits on amounts that can be accepted from members vs others.
- It specifies the form and particulars of advertisements or circulars that must be issued when inviting deposits, including issuing to all members, publishing, uploading online, getting registered with the registrar etc.
- It provides details on joint deposits
This document defines key concepts related to persons under tax law, including individuals, associations of persons, and companies. It provides that an individual, company, association of persons, government, or public international organization shall be treated as a person. It also defines resident and non-resident persons and provides principles for taxing individuals, associations of persons, and companies separately. Income of a company's shareholders from dividends is taxed separately from other income of the company.
This document summarizes the Foreign Contribution (Regulation) Act of 1976 in India, which regulates the acceptance and use of foreign contributions by certain individuals and organizations.
The key points are:
1) It regulates foreign contributions to political parties, candidates for election, government employees, members of legislatures, and certain organizations.
2) These individuals and organizations must disclose any foreign contributions received above a certain amount and for what purposes.
3) Certain associations carrying out cultural, educational or social programs can accept foreign contributions if registered with the central government and contributions are received through specified bank branches.
This document summarizes a proposed bill titled the National Asylum Bill, 2015. The key points are:
1) The bill aims to provide rules for granting citizenship to refugees and asylum seekers in India by establishing a framework for registering and recognizing refugees, and granting citizenship under certain conditions.
2) It proposes establishing a Refugee Registrar and Refugee Committee to consider refugee applications and make determinations regarding refugee status and potential citizenship.
3) Refugees who have lived in India for 5 or more years could apply for citizenship under the bill. Children born to refugees in India could also gain citizenship rights.
4) The bill aims to regularize large refugee populations in India from countries
हिंदी वर्णमाला पीपीटी, hindi alphabet PPT presentation, hindi varnamala PPT, Hindi Varnamala pdf, हिंदी स्वर, हिंदी व्यंजन, sikhiye hindi varnmala, dr. mulla adam ali, hindi language and literature, hindi alphabet with drawing, hindi alphabet pdf, hindi varnamala for childrens, hindi language, hindi varnamala practice for kids, https://www.drmullaadamali.com
How to Manage Your Lost Opportunities in Odoo 17 CRMCeline George
Odoo 17 CRM allows us to track why we lose sales opportunities with "Lost Reasons." This helps analyze our sales process and identify areas for improvement. Here's how to configure lost reasons in Odoo 17 CRM
A workshop hosted by the South African Journal of Science aimed at postgraduate students and early career researchers with little or no experience in writing and publishing journal articles.
ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...PECB
Denis is a dynamic and results-driven Chief Information Officer (CIO) with a distinguished career spanning information systems analysis and technical project management. With a proven track record of spearheading the design and delivery of cutting-edge Information Management solutions, he has consistently elevated business operations, streamlined reporting functions, and maximized process efficiency.
Certified as an ISO/IEC 27001: Information Security Management Systems (ISMS) Lead Implementer, Data Protection Officer, and Cyber Risks Analyst, Denis brings a heightened focus on data security, privacy, and cyber resilience to every endeavor.
His expertise extends across a diverse spectrum of reporting, database, and web development applications, underpinned by an exceptional grasp of data storage and virtualization technologies. His proficiency in application testing, database administration, and data cleansing ensures seamless execution of complex projects.
What sets Denis apart is his comprehensive understanding of Business and Systems Analysis technologies, honed through involvement in all phases of the Software Development Lifecycle (SDLC). From meticulous requirements gathering to precise analysis, innovative design, rigorous development, thorough testing, and successful implementation, he has consistently delivered exceptional results.
Throughout his career, he has taken on multifaceted roles, from leading technical project management teams to owning solutions that drive operational excellence. His conscientious and proactive approach is unwavering, whether he is working independently or collaboratively within a team. His ability to connect with colleagues on a personal level underscores his commitment to fostering a harmonious and productive workplace environment.
Date: May 29, 2024
Tags: Information Security, ISO/IEC 27001, ISO/IEC 42001, Artificial Intelligence, GDPR
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This presentation includes basic of PCOS their pathology and treatment and also Ayurveda correlation of PCOS and Ayurvedic line of treatment mentioned in classics.
বাংলাদেশের অর্থনৈতিক সমীক্ষা ২০২৪ [Bangladesh Economic Review 2024 Bangla.pdf] কম্পিউটার , ট্যাব ও স্মার্ট ফোন ভার্সন সহ সম্পূর্ণ বাংলা ই-বুক বা pdf বই " সুচিপত্র ...বুকমার্ক মেনু 🔖 ও হাইপার লিংক মেনু 📝👆 যুক্ত ..
আমাদের সবার জন্য খুব খুব গুরুত্বপূর্ণ একটি বই ..বিসিএস, ব্যাংক, ইউনিভার্সিটি ভর্তি ও যে কোন প্রতিযোগিতা মূলক পরীক্ষার জন্য এর খুব ইম্পরট্যান্ট একটি বিষয় ...তাছাড়া বাংলাদেশের সাম্প্রতিক যে কোন ডাটা বা তথ্য এই বইতে পাবেন ...
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A review of the growth of the Israel Genealogy Research Association Database Collection for the last 12 months. Our collection is now passed the 3 million mark and still growing. See which archives have contributed the most. See the different types of records we have, and which years have had records added. You can also see what we have for the future.
How to Fix the Import Error in the Odoo 17Celine George
An import error occurs when a program fails to import a module or library, disrupting its execution. In languages like Python, this issue arises when the specified module cannot be found or accessed, hindering the program's functionality. Resolving import errors is crucial for maintaining smooth software operation and uninterrupted development processes.
This presentation was provided by Steph Pollock of The American Psychological Association’s Journals Program, and Damita Snow, of The American Society of Civil Engineers (ASCE), for the initial session of NISO's 2024 Training Series "DEIA in the Scholarly Landscape." Session One: 'Setting Expectations: a DEIA Primer,' was held June 6, 2024.
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Beyond Degrees - Empowering the Workforce in the Context of Skills-First.pptx
Zakat and ushar
1. THE PUNJAB ZAKAT AND USHR ACT 2018
(Act IV of 2018)
C O N T E N T S
SECTION HEADING
CHAPTER I
PRELIMINARY
1. Short title, commencement, extent and application.
2. Definitions.
3. Declaration.
CHAPTER II
ZAKAT
4. Charge and collection of Zakat.
CHAPTER III
USHR
5. Charge and collection of Ushr.
6. Mode of assessment and collection of Ushr.
CHAPTER IV
ZAKAT FUNDS
7. Zakat Funds.
8. Utilization of Zakat Funds.
9. Disbursements from Zakat Funds.
2. 10. Accounts.
11. Audit.
CHAPTER V
ORGANIZATION AND ADMINISTRATION
12. Punjab Zakat and Ushr Council.
13. Chief Administrator.
14. District Zakat and Ushr Committee.
15. Local Zakat and Ushr Committee.
16. Vacancy or defect not to invalidate proceedings.
17. Members of Council and Committees to be Muslims.
18. Person to preside at meetings in the absence of Chairman.
19. Power of removal.
20. Vote of no confidence.
21. Certain persons to be public servants.
CHAPTER VI
MISCELLANEOUS
23. Power to make rules.
24. Power to call for information and issue directions.
25. Indemnity and bar of jurisdiction.
26. Removal of difficulties.
27. Repeal, succession and savings.
FIRST SCHEDULE
SECOND SCHEDULE
3. [1]THE PUNJAB ZAKAT AND USHR ACT 2018
(Act IV of 2018)
[15 February 2018]
An Act to make provisions relating to assessment, collection and disbursement of Zakat and Ushr
in the Punjab.
It is necessary to make provisions for assessment, collection and disbursement of Zakat and Ushr
in the Punjab and to provide for ancillary matters.
Be it enacted by Provincial Assembly of the Punjab as follows:
CHAPTER I
PRELIMINARY
1. Short title, commencement, extent and application.– (1) This Act may be cited as the Punjab
Zakat and Ushr Act 2018.
(2) It shall come into force at once.
(3) It extends to whole of the Punjab, but as regards payment and recovery of Zakat or Ushr,
it only applies to Muslim residents and a company, or other association of persons, or body of
individuals, whether incorporated or not, majority of the shares of which is owned, or the
beneficial ownership of which is held by such residents.
2. Definitions.– In this Act:
(a) “annuity” means the sum payable periodically, according to the annuity policy
conditions, to an annuitant during his life-time, or for a fixed number of years, and includes the
scheme of postal annuities as notified by the Government;
(b) “assets” means the assets liable to Zakat as provided in the Act;
4. (c) “atiyyat” means voluntary donations to a Zakat Fund, otherwise than on account of Zakat
or Ushr, and includes sadaqat-e-nafilohs;
(d) “Board of Revenue” means Board of Revenue for the Punjab established under the
Punjab Board of Revenue Act, 1957 (XI of 1957);
(e) “Chief Administrator” means Secretary, Government of the Punjab, Zakat and Ushr
Department;
(f) “company” means a company as defined in the Companies Act 2017 (XIX of 2017) or in
any other law on the subject;
(g) “Council” means Punjab Zakat and Ushr Council constituted under section 12 of the Act;
(h) “deducting agency” means a bank or any of its branch, post office or other financial
institution including National Savings Center, trustee of the National Investment (Unit) Trust or
its authorized agent, Investment Corporation of Pakistan or any of its office or center of an
insurer or any other organization or authority operating in the Punjab and referred to in First
Schedule;
(i) “deduction date” means, in respect of the assets mentioned in First Schedule, the date or
dates on which Zakat is to be deducted at source and which is or are specified in that Schedule;
(j) “District Zakat and Ushr Committee” means a committee constituted under section 14 of
the Act;
(k) “Government” means Government of the Punjab;
(l) “Government security” means the Government security as defined in the Securities Act,
1920 (X of 1920);
(m) “institution” means a deeni madrasah, educational, vocational or social welfare
institution, public hospital, charitable institution or any other institution providing healthcare
facilities, or a public sector organization providing assistance to the poor, needy or indigent
persons;
(n) “insurer” means State Life Insurance Corporation of Pakistan, Postal Life Insurance or
any other insurance company;
(o) “Local Zakat and Ushr Committee” means a committee constituted under section 15 of
the Act;
(p) “locality” means the area within the jurisdiction of a Local Zakat and Ushr Committee;
(q) “maturity value” means the sum payable, according to the stipulated conditions, on
survival of the life assured to the specified age or to the end of the term of the policy;
5. (r) “nisab” in relation to assets liable to Zakat, except agricultural produce and animals fed free in
pastures, means 612.32 grams of silver, or cash or gold, or goods for trade, or any assets liable to Zakat
under Shariah, the aggregate value of which is equal to the value of 612.32 grams of silver, as notified by
the Chief Administrator for each Zakat year or, in the case of a person whose assets liable to Zakat consist
only of gold, 87.48 grams of gold;
(s) “prescribed” means prescribed by rules;
(t) “produce” means gross agricultural, horticultural or forest produce;
(u) “Provident Fund” means the Provident Fund as defined in the Provident Funds Act,
1925 (XIX of 1925);
(v) “recognized Provident Fund” means a Provident Fund recognized by the competent authority
under the Income Tax Ordinance, 2001 (XLIX of 2001);
(w) “return” means income, howsoever described, accruing on an asset;
(x) “rules” mean the rules made under the Act;
(y) “sahib-e-nisab” means a personwho owns or possesses assets not less than the nisab, but does not include:
(i) the Government, the Federal Government, a Provincial Government or a local authority;
(ii) a statutory corporation, a company or other enterprise, owned wholly, directly or
indirectly, by the Government, the Federal Government, a Provincial Government, a local
authority or a corporation owned by the Government, the Federal Government or a Provincial
Government or a local authority;
(iii) a subsidiary of a statutory corporation, a company or other enterprise referred to in sub-
clause (b) and wholly owned by it;
(iv) the National Investment (Unit) Trust;
(v) the Investment Corporation of Pakistan and its Mutual Fund;
(vi) a recognized Provident Fund;
(vii) any Unit Fund maintained by the Defence Services, including the Civil Armed Forces;
(viii) a Zakat Fund;
(ix) an institution, fund, trust, endowment or society registered as a charitable organization
under the Societies Registration Act, 1860 (XXI of 1860), or as a company under section 42 of
the Companies Act, 2017 (XIX of 2017), or registered or approved as a charitable or social
6. welfare organization under any other law, and is exempted from the payment of income tax by
Federal Board of Revenue under the Income Tax Ordinance, 2001 (XLIX of 2001);
(x) a deeni madrasah registered as such by the Government;
(xi) a mosque;
(xii) an orphanage registered under the law relating to orphanages;
(xiii) a Workers Participation Fund established under the Companies Profits (Workers’
Participation) Act, 1968 (XII of 1968); or
(xiv) the amount of a party to a suit or case kept with or under orders of a court pending
decision of the suit or case;
(z) “Schedule” means a Schedule appended to the Act;
(aa) “security” means any stock, share, script, debenture, bond, pre-organization certificate,
or instrument commonly known as security;
(bb) “share” means a share in the share-capital of a company, or in any body corporate
established by or under a law, and includes stock;
(cc) “surrender value” means a sum payable by an insurer on cancellation of a life-insurance
policy or annuity, according to the stipulated terms and conditions, at any time before the
maturity benefits become available;
(dd) “survival benefit” means the amount payable according to life-insurance policy
conditions, during the currency of a policy, on survival of the life assured to the specified date as
stipulated in the policy;
(ee) “valuation date” means–
(i) in respect of assets liable to Zakat, the first day of the Zakat year; and
(ii) in respect of produce liable to Ushr, such date or dates as may be prescribed or as may
be notified by the Chief Administrator, for the evaluation of the assets or the produce for
purposes of the Act;
(ff) “Zakat Funds” mean Funds established under section 7 of the Act; and
(gg) “Zakat year” means the year according to the Hijra calendar for which Zakat is chargeable,
commencing on the first day of Ramadan-ul-Mubarak and ending with the last day of the following
Sha’ban-ul-Moazzam.
7. 3. Declaration.– (1) Notwithstanding anything contained in the Act, no Zakat or Ushr shall be
charged or collected on compulsory basis in respect of the assets or the produce of a person who,
not less than thirty days preceding the valuation date in case of Zakat and at any time before the
valuation date in case of Ushr, files with the deducting agency, or with the Council in the case of
Ushr, a declaration, or an attested copy thereof, in the prescribed form, sworn by him before a
magistrate, an oath commissioner, a notary public, or any other person
authorized to administer oath, in the presence of two witnesses who identify him, to the effect
that he is a Muslim and he shall specify in the declaration that his faith does not oblige him to
pay the whole or any part of Zakat or Ushr in the manner laid down in the Act.
(2) A declaration, or an attested copy thereof, filed under subsection (1) in one Zakat year,
whether before or after the commencement of the Act, shall continue to be validforso longas:
(a) the declaration or copy, and the asset liable to Zakat to which it relates, remain in the
custody of the deducting agency; or
(b) the person filing the declaration or its copy continues to hold, in respect of the land and
the produce to which it relates, the same status as he held at the time of filing the declaration, and
the copy of declaration remains in the custody of the Council.
CHAPTER II
ZAKAT
4. Charge and collection of Zakat.– (1) Subject to the provisions of the Act, Zakat in respect of
assets mentioned in First Schedule shall be charged and collected, on compulsory basis, for each
Zakat year, at the rate and in the manner specified therein, and as may be prescribed, from every
person who is on the valuation date, and for whole of the preceding Zakat year has been, sahib-e-
nisab, and who owns or possesses such assets on the valuation date.
(2) Zakat shall be compulsorily deducted by a deducting agency from the assets at source as per
rate and manner prescribed in First Schedule and the deducted amount shall be deposited in the
Provincial Zakat Fund account.
(3) Wherever there is no head office of a deducting agency in the Punjab but there is a branch
office, such branch office shall be the deducting agency for purposes of the Act.
(4) Where a deducting agency fails to deduct or deposit the amount deducted in terms of the
Act, the amount of Zakat shall be recoverable from the deducting agency as arrears of land
revenue.
(5) Where an asset mentioned in First Schedule has been assigned by the person owning or
possessing it in favour of another person, Zakat in respect of that asset shall be charged and
collected on compulsory basis as if the asset had not been so assigned.
8. (6) If an asset was owned or possessed by a person on the valuation date but is owned or
possessed by some other person on the deduction date, the Zakat on such asset shall be charged
and collected from such other person on behalf of the person owning or possessing it on the
valuation date.
(7) In determining the amount to be collected as Zakat on compulsory basis, the value of an
asset on which Zakat is deductible at source may be reduced, to the extent and in the manner
prescribed, on account of debts which have been:
(a) primarily secured by that asset;
(b) used for the creation of an asset on which Zakat is deductible at source; and
(c) obtained from the deducting agency having custody of the asset securing the debt and of
the asset created under clause (b).
(8) If a person proves, in the prescribed manner, to the satisfaction of the Council that he was not a
sahib-e-nisab on the valuation date or was not in ownership or possession of assets of the value
of nisab for the whole of the preceding Zakat year, Zakat shall not be so charged and collected from
him, or if collected shall be refunded to him in the prescribed manner.
(9) No Zakat shall be charged and collected from the assets of a person who died on or before
the deduction date.
(10) No Zakat shall be charged or collected on compulsory basis in respect of any of the
assets mentioned in First Schedule which:
(a) have been acquired against payment in foreign currency; or
(b) are maintained in foreign currency and the return on which and the value on encashment,
redemption or withdrawal of which, is payable in foreign currency.
(11) The Government may, by notification in the official Gazette, exempt any class of bonds
or certificates issued by the Government, the Federal Government or a Provincial Government or
a statutory corporation, a company or other enterprise, owned, directly or indirectly, singly or
jointly, by the Government, the Federal Government, a Provincial Government, a local authority
or a corporation.
(12) Where a person from whom Zakat has been deducted at source:
(a) proves that:
(i) he is not a Muslim; or
(ii) he is not a citizen of Pakistan; or
9. (iii) the amount deducted from him is more than what is due under the Act, either on account
of an error apparent on the face of record, or on account of reduction provided for in subsection
(7) not having been duly allowed to him; or
(iv) he falls under any of the exclusions given in clause (y) of section 2 of the Act; or
(b) proves, as laid down in subsection (8), that he is not a sahib-e-nisab or was not in
ownership or possession of nisab for the whole of the preceding Zakat year; or
(c) files a declaration in terms of section 3 of the Act and claims refund;
the amount deducted as Zakat, or the amount deducted as Zakat was in excess, the Council shall,
within sixty days of submission of the claim for refund, decide the refund case in the prescribed
manner.
(13) If the refund under subsection (12) is not claimed within a period of ninety days from
the date of deduction, the amount so deducted shall be treated as contribution to the Zakat Fund
as sadaqahor khairat on the part of that person.
(14) Where the recovery of Zakat deductible at source, in respect of any of the assets
mentioned in First Schedule, falls into arrears, the Chief Administrator may forward to the
Collector of the district concerned a duly signed certificate specifying the amount of arrears due
and the particulars of the person from whom due, and the Collector shall, on receipt of such
certificate, proceed to recover the amount so specified, as if it were an arrears of land revenue.
(15) A sahib-e-nisab may pay either to a Zakat Fund or directly to those eligible
under Shariah to receive Zakat so much of the Zakat due under Shariah as is not deductible at source
under the Act, on assets mentioned in Second Schedule.
CHAPTER III
USHR
5. Charge and collection of Ushr.– (1) Subject to the Act, there shall be charged and collected,
on compulsory basis, in such manner as is laid down in section 6 of the Act, and as may be
prescribed, from every land-owner, grantee, allottee, lessee, lease-holder or land-holder (other
than a person excluded from the definition of sahib-e-nisab), Ushr at the rate of five per cent of
his share of the produce, as on the valuation date.
10. (2) If any plot of land is used principally for growing one crop and a small portion
thereof, not exceeding one-fourth of an acre, is used for growing another crop, Ushr shall not be
charged in respect of the produce of such small portion.
Explanation.– In this section and section 6 of the Act, ‘land-owner’, ‘grantee’, ‘allottee’,
‘lessee’, ‘lease-holder’ and ‘land-holder’ shall have the same meaning as in the laws relating to
land administration, and ‘land-holder’ includes a person in possession of any plot of land who
has grown a crop on such plot.
(3) An individual land-owner, grantee, allottee, lessee, lease-holder or land-holder shall
be exempt from the compulsory levy of Ushr if:
(a) he is eligible under Shariah to receive Zakat; or
(b) the produce from his land is less than five wasqs (948 kilograms) of wheat, or its equivalent
in value in the case of other crops liable to Ushr.
(4) The currency equivalent of five wasqs of wheat in value shall be such as the Chief
Administrator may notify for each Zakat year.
(5) Ushr shall be the first charge on the produce.
(6) Ushr shall be collected in cash, except in case of wheat or paddy, for which, Ushr, at the
option of the Council, may be collected in kind.
(7) A sahib-e-nisab may pay either to the Provincial Zakat Fund or directly to those
eligible under Shariah to receive Zakat, so much of the Ushr due under Shariah as is not
compulsorily realizable under the Act, on assets mentioned in Second Schedule.
6. Mode of assessment and collection of Ushr.– (1) The Board of Revenue shall cause the
assessment and collection of Ushr in respect of a land-owner, grantee, lessee, lease-holder or
land holder in the prescribed manner, and maintain the record containing such information for a
crop season as may be required for purposes of the Act.
(2) An assessee, aggrieved by the assessment under subsection (1), may, within
thirty days of the order of assessment, apply, in the prescribed form and manner, to the Assistant
Collector or an officer notified by the Government, for the revision of the assessment.
(3) No application under subsection (2) shall be admitted unless the applicant has
deposited into the Provincial Zakat Fund not less than fifty per cent of his liability as assessed
under this section.
11. (4) The Assistant Collector or the officer notified under subsection (2) may, at any time,
either of his own motion or on the application of an adult Muslim residing within his jurisdiction,
make an order enhancing the liability assessed under subsection (1).
(5) No order under subsection (4) shall be made unless the person affected has
been given an opportunity of showing cause against it and of being heard.
(6) The Assistant Collector or the officer notified under subsection (2) to whom an
application is made under subsection (2) or subsection (4), or who takes up a matter on his own
motion under subsection (4), shall give his decision within a period not exceeding thirty days
from the date on which he receives the application or takes up the matter; and, such decision
shall be final and shall not be called in question before any court or other authority.
(7) The demand as determined under this Chapter shall be paid by the assessee and
collected by the Board of Revenue in such manner as may be prescribed and deposited into the
Provincial Zakat Fund.
(8) Where the recovery of Ushr compulsorily realizable under the Act falls into arrears,
the Assistant Collector or the officer notified by the Government shall proceed to recover the amount
so specified as if it were arrears of land revenue.
CHAPTER IV
ZAKAT FUNDS
7. Zakat Funds.– There shall be established the following Zakat Funds:
(a) Provincial Zakat Fund to which shall be credited:
(i) Zakat deducted at source, arrears of Zakat and Zakat paid voluntarily;
(ii) transfers, if any, from the District Zakat Fund;
(iii) transfers, if any, from the Local Zakat Fund;
(iv) proceeds of Ushr; and
(v) grants, atiyaat and any other receipts;
(b) a District Zakat Fund for each District to which shall be credited:
(i) transfers from the Provincial Zakat Fund; and
(ii) transfers, if any, from the Local Zakat Fund or institutions.
12. (c) a Local Zakat Fund for each Local Zakat and Ushr Committee to which shall be credited:
(i) transfers from the District Zakat Fund; and
(ii) transfers from the Provincial Zakat Fund.
8. Utilization of Zakat Funds.– (1) The moneys in a Zakat Fund shall be utilizedfor the following
purposes:
(a) assistance to the needy, the indigent and the poor particularly orphans and widows, the
handicapped and the disabled, eligible to receive Zakat under Shariah for their subsistence or
rehabilitation, either directly or indirectly through institutions;
(b) assistance to the needy persons affected or rendered homeless owing to natural
calamities, such as floods and earthquakes, and for their rehabilitation;
(c) expenditure on the collection, disbursement and administration of Zakat and Ushr;
(d) investment in any non-interest bearing instruments as is permitted under Shariah; and
(e) any other purpose permitted by Shariah.
(2) The Government shall meet the expenditure on the administrative organization of the Chief
Administrator, the Council and a District Zakat and Ushr Committee.
(3) Where expenditure on the administrative organization of a District Zakat and Ushr
Committee is not fully met by the Government due to paucity of funds during a financial year, the
Council may provide supplementary funds not exceeding two percent from within the limit specified
in subsection (4).
(4) The funds not exceeding ten percent approved in the budget shall be retained in the
Provincial Zakat Fund to meet such additional expenditure of a District Zakat and Ushr
Committee or a Local Zakat and Ushr Committee as may be approved by the Council.
(5) The banking services and the services connected with the assessment, collection or
disbursement of Zakat and Ushr realizable on compulsory basis under the Act shall be rendered free
of charge, except that the Chief Administrator, in regard to Ushr, may authorize payment of
remuneration for any specified services.
(6) The lists of the individuals to be assisted directly and of the institutions through
which assistance is to be given from a Zakat Fund shall be prepared and maintained in such form
and manner as may be prescribed.
13. 9. Disbursements from Zakat Funds.– (1) The Council shall prepare budget for each financial
year.
(2) The Council may, from the Provincial Zakat Fund, make disbursements and transfer
funds to the District Zakat Funds on the basis of population or to an institution in such form and
manner as may be prescribed and as would help in ensuring satisfaction of the needs of the needy
and the poor throughout its jurisdiction, as far as possible, on a uniform basis.
(3) A District Zakat and Ushr Committee may make disbursements and transfer Funds
through crossed cheques or bank advice from the District Zakat Fund to a Local Zakat Fund or to
an institution or incur other administrative expenditure subject to such conditions as may be
prescribed and may, whenever directed by the Council, transfer any funds surplus to its needs to
the Provincial Zakat Fund.
(4) A Local Zakat and Ushr Committee shall make disbursement or incur expenditure
from the Local Zakat Fund through crossed cheques in the prescribed manner.
(5) A Local Zakat and Ushr Committee may, if so required by the Council or the District
Zakat and Ushr Committee, transfer any funds surplus to its needs from the Local Zakat Fund to
the Provincial Zakat Fund or, as the case may be, the District Zakat Fund.
(6) The Council or a District Zakat and Ushr Committee shall disburse Zakat through a
bank or a post office or any other financial institution as may be determined by the Council on
need basis in such form and manner as may be prescribed.
10. Accounts.– (1) The accounts of the Provincial Zakat Fund, a District Zakat Fund, and a Local
Zakat Fund shall be maintained and operated, respectively by the Chief Administrator, the
District Zakat and Ushr Committee and the Local Zakat and Ushr Committee, in such form and
manner as may be prescribed.
(2) The records of the accounts of the Zakat Funds shall be preserved for such period, and shall
be made available for audit or inspection to such persons or agencies, and in such manner, as
may be prescribed.
11. Audit.– (1) The Auditor General of Pakistan shall conduct an annual or special audit of the
Provincial Zakat Fund, a District Zakat Fund, a Local Zakat Fund, including the accounts of a
deducting agency or an institution receiving Zakat.
(2) The audit performed under subsection (1) shall include propriety audit.
(3) The Government shall, within two months of the receipt of the audit report under
subsection (1), lay the reports before the Provincial Assembly of the Punjab.
14. CHAPTER V
ORGANIZATION AND ADMINISTRATION
12. Punjab Zakat and Ushr Council.– (1) The Government shall, by notification in the official
Gazette, establish the Council, to exercise general superintendence and control over matters
relating to Zakat and Ushr, particularly the Zakat Funds and the maintenance of their accounts, in
accordance with the policy guidelines given by the Government.
(2) The Council shall consist of:
(a) a Chairman who is not less than forty years of age, is a graduate, enjoys good reputation
and has knowledge of Shariah;
(b) Minister for Zakat and Ushr of the Government as co-chairman;
(c) eight persons, including at least three women, who are not less than forty years of age
with high moral and social repute from amongst the Ulema, scholars, academia or persons
having knowledge of Shariah;
(d) one member of Provincial Assembly of the Punjab from each Division to be nominated
by the Speaker including at least three women members;
(e) Secretary to the Government, Finance Department.
(f) Secretary to the Government, Social Welfare and Bait-ul-Maal Department; and
(g) Chief Administrator who shall be the Secretary of the Council.
(3) The Government shall nominate the Chairman and the members, other than ex-
officio members, of the Council.
(4) The Chairman and members of the Council, not being the ex-officio members, shall
hold office for a term of three years and shall not be eligible to hold office for more than two
consecutive terms.
(5) The Chairman or a member, not being an ex-officio member, may tender resignation
to the Government.
(6) The Chairman or the member shall continue to hold office until the Government
accepts the resignation.
15. (7) Any vacancy in the office of Chairman or member shall be filled by nomination by
the Government of a duly qualified person and such person shall hold office for the unexpired
term of his predecessor.
13. Chief Administrator.– The Chief Administrator shall be the Chief Executive in respect of
matters relating to Zakat and Ushr and shall act under the general superintendence and control of,
and in accordance with the policy guidelines given by the Council.
14. District Zakat and Ushr Committee.– (1) The Government, in consultation with the Council,
shall constitute, by notification, a District Zakat and Ushr Committee for each district.
(2) A District Zakat and Ushr Committee shall consist of the following:
(a) the Chairman who shall be from the private sector;
(b) District Zakat Officer;
(c) a representative of the District Administration not below the rank of an officer in BS-18;
(d) two women, not less than forty years of age, from within the district; and
(e) one non-official member from each Tehsil of the district concerned.
(3) Where the number of Tehsils in a district is less than five, five non-official members
shall be nominated from the district with due representation from the Tehsils.
(4) The Chairman and the non-official male members shall not be less than twenty five
years of age.
(5) The Chairman and members of the District Zakat and Ushr Committee shall be the
persons who possess secondary school certificate or equivalent and are of sound moral and
financial integrity and are not office bearers of any political party.
(6) The Chairman shall be nominated by the Council and the members shall be nominated byit
in consultation with the Chairman, District Zakat and Ushr Committee.
(7) A District Zakat and Ushr Committeemayco-opt anofficer of the Social Welfare Department
posted in the district, as an ex-officiomember of the Committee.
(8) The District Zakat Officer shall be the Secretary of the District Zakat and Ushr
Committee.
16. (9) The Chairman and members of the District Zakat and Ushr Committee, not being
the ex-officio members, shall hold office for a term of three years and shall not be eligible to hold
office for more than two consecutive terms.
(10) The Chairman or a member, not being an ex-officio member, may by writing under his
hand addressed to the Council, resign his office.
(11) The Chairman or the member shall continue to hold office until his resignation is
accepted by the Council.
(12) Any vacancy in the office of Chairman or member shall be filled by nomination in
accordance with this section, of a person qualified to hold the office, and such person shall hold
office for the unexpired term of his predecessor.
(13) When the office of the Chairman of a District Zakat and Ushr Committee becomes vacant,
the Government may, by notification, entrust the charge of that office to the Deputy Commissioner
or any other Officer in the District Administration in Basic Pay Scale 18 or above, until the
nomination of the Chairman is made by the Council under this section.
(14) The District Zakat and Ushr Committee shall, subject to such guidelines as may
be given by the Government or the Council:
(a) oversee, generally, the functioning of administrative organization of Zakat and, more
particularly, the assessment of Ushr and the disbursement and utilization of the moneys in the
District Zakat Fund and the Local Zakat Fund;
(b) prepare and maintain, in the prescribed manner, accounts of the District Zakat Fund;
(c) compile accounts, in the prescribed manner, of the Local Zakat Fund;
(d) arrange, in the prescribed manner, audit of the Local Zakat Fund;
(e) tender to the Council advice on any matter specified by it; and
(f) perform any other function as may be prescribed.
(15) The District Zakat and Ushr Committee shall hold meetings of the Committee at
least once in every two months.
15. Local Zakat and Ushr Committee.– (1) Subject to subsection (2), a Local Zakat and Ushr
Committee shall be constituted for:
(a) a revenue estate in a settled rural area;
17. (b) a deh or village in a non-settled rural area; and
(c) a ward in an urban area.
(2) If, in the opinion of the Council, the population of a revenue estate, ward, deh or village is
too large or too small, to have one Local Zakat and Ushr Committee, such revenue estate,
ward, deh or village may, if too large, be divided into two or more localities, or if too small,
grouped with any other revenue estate, ward, deh or village to form one locality, and where a
revenue estate, ward, deh or village is so divided or grouped that it may cover a population
of about tenthousand people, the Council may make such consequential orders as may be
necessary for purposes of the Act.
Explanation.– In this subsection:
(a) “urban area” means an area notified as an urban area under any law or as may be notified
by the Government;
(b) “rural area” means an area other than the urban area;
(c) “settled rural area” means a rural area for which revenue settlement record exists;
(d) “non-settled rural area” means a rural area other than the settled rural area; and
(e) “ward” means a distinct and compact locality, a mohallah, a block or any other division
in an urban area under any law or as may be notified by the Government.
(3) The Local Zakat and Ushr Committee shall consist of a Chairman and eight members,
including at least two Muslim women who shall not be less than forty years of age, selected by
the residents of the locality in the manner specified in subsection (4) and subsection (5).
(4) The District Zakat and Ushr Committee shall constitute a team of three persons including
one Gazetted Officer of the Government, one notable person of the area, and one member of the
District Zakat and Ushr Committee to organize a public gathering of the adult Muslims, residents
of a locality and call upon them to select, in the prescribed manner, seven adult Muslims residing
in that locality and fulfill the qualifications mentioned in subsection (6).
(5) The team constituted by the District Zakat and Ushr Committees shall organize a separate
gathering of the adult Muslim female residents of the locality and call upon them to select, in the
prescribed manner, two Muslim women residing in that locality and possessing the qualifications
mentioned in subsection (6).
(6) A person shall not be selected as a member of a Local Zakat and Ushr Committee unless he
is a person of soundmoral andfinancial integrity.
18. (7) A person who is member of a team constituted for the selection of members of a Local Zakat
and Ushr Committee shall not be eligible to be a member of such Local Zakat and Ushr
Committee.
(8) Where in a district, the number of Local Zakat and Ushr Committees is so large that the
Chairman and members of the District Zakat and Ushr Committee cannot be nominated for all
the teams constituted for the selection of members of Local Zakat and Ushr Committees in the
district, the District Zakat and Ushr Committee, may nominate on the team any non-official
person of the district, eligible to be the member of a District Zakat and Ushr Committee.
(9) The members of a Local Zakat and Ushr Committee, in the presence of the team constituted
by the District Zakat and Ushr Committee, shall elect one of their members, being a person who
possesses secondary school certificate or equivalent, to be the Chairman of the Local Zakat and
Ushr Committee, and if two or more members secure an equal number of votes, the result of the
election shall be determined by draw of lots.
(10) The District Zakat and Ushr Committee shall notify the Local Zakat and Ushr
Committees constituted under this section.
(11) The Chairman and members of the Local Zakat and Ushr Committee shall hold office for
a term of three years and shall not be eligible to hold office for more than two consecutive terms.
(12) The District Zakat and Ushr Committee may, subject to notice and for reasons to be
recorded in writing, remove the Chairman or a member of a Local Zakat and Ushr Committee
from his office on account of misconduct under intimation to the Council.
(13) The Chairman or a member may, by writing under his hand addressed to the
District Zakat and Ushr Committee, resign his office.
(14) The Chairman or the member shall continue to hold office until his resignation is
accepted by the District Zakat and Ushr Committee.
(15) Any vacancy in the office of Chairman or member shall be filled by election or
selection of a person qualified to hold the office, in accordance with the provisions of this
section, and such person shall hold office for the unexpired term of his predecessor.
(16) Any adult Muslim resident of a locality, aggrieved by the conduct or the result of
the proceedings for the selection of the members, or the election of the Chairman of the Local
Zakat and Ushr Committee, may, within 30 days, prefer an appeal to the District Zakat and Ushr
Committee.
(17) The District Zakat and Ushr Committee shall not grant any injunction or make any
interim order, including a restraining order, during the pendency of an appeal.
(18) The District Zakat and Ushr Committee to which an appeal under subsection (16) is
preferred shall decide the appeal within such time as may be prescribed; and, the decision of the
19. District Zakat and Ushr Committee shall be final and shall not be called in question before any
court or other authority.
(19) The Local Zakat and Ushr Committee shall, subject to such guidelines as may be given
by the Council and the District Zakat and Ushr Committee:
(a) determine istehqaqseparatelyfor:
(i) subsistence allowance;
(ii) rehabilitation, either directly or indirectly through an institution;
(iii) treatment through public hospitals, charitable institutions or any other institutions
providing healthcare; and
(iv) any other purpose as may be permitted by Shariah;
(b) prepare and maintain accounts of the Local Zakat Fund in such form and manner as may
be prescribed; and
(c) tender to the District Zakat and Ushr Committee advice on any matter connected with the
collection, disbursement and utilization of Zakat, Ushr and atiyyat.
16. Vacancy or defect not to invalidate proceedings.– Notwithstanding anything contained in the
Act, an act or proceedings of the Council, a District Zakat and Ushr Committee, or a Local Zakat
and Ushr Committee shall not be invalid by reason only of the existence of a vacancy or defect in
the constitution of the Council or the Committee.
17. Members of Council and Committees to be Muslims.– The Chairmen and members of the
Council, a District Zakat and Ushr Committee, and a Local Zakat and Ushr Committee shall be
Muslims and where an ex-officio member is a non-Muslim, the Government shall nominate a
Muslim member in his place.
18. Person to preside at meetings in the absence of Chairman.– (1) If the office of the Chairman
of the Council is vacant or the Chairman is unable to attend a meeting, Minister for Zakat and
Ushr and, in his absence, the Chief Administrator shall preside over the meeting.
(2) If the office of the Chairman of a District Zakat and Ushr Committee is vacant or the
Chairman is unable to attend a meeting, the Deputy Commissioner or any other officer notified
under subsection (13) of section 14 shall preside over the meeting.
20. (3) If the office of the Chairman of a Local Zakat and Ushr Committee is vacant or the
Chairman is unable to attend a meeting, the meeting shall be presided over by the member
elected by the members present.
19. Power of removal.– (1) If the Council, in the case of a District Zakat and Ushr Committee and the
District Zakat and Ushr Committee in the case of a Local Zakat and Ushr Committee is of the
opinion that a committee constituted under the Act:
(a) is unable to discharge or persistently fails in discharging its duties; or
(b) is unable to administer its affairs; or
(c) acts in a manner contrary to public interest; or
(d) exceeds or abuses its powers; or
(e) has a majority of members who are involved in anti-Islamic or anti-State activity –
the Council, in case of District Zakat and Ushr Committee, and District Zakat and Ushr Committee
in case of a Local Zakat and Ushr Committee may, by a notification, dissolve the Committee.
(2) When a District Zakat and Ushr Committee or the Local Zakat and Ushr Committee is
dissolved under subsection (1), the functions of the Committee shall be performed by an
Administrator appointed by the Council or, as the case may be, the District Zakat and Ushr
Committee, until the Committee is reconstituted under the Act but the Council or the Committee
shall constitute the Committee within ninety days from the date of the dissolution under
subsection (1).
(3) If the Council, in case of District Zakat and Ushr Committee, and District Zakat and Ushr
Committee in case of a Local Zakat and Ushr Committee is of the opinion that the Chairman or a
member of the Committee constituted under the Act:
(a) has, without reasonable excuse, absented himself from three consecutive meetings of the
Committee;
(b) has been guilty of abuse of power or of misconduct in the discharge of his duties as
Chairman or member, or been responsible for any loss or misapplication, misappropriation, or
misuse of any money or property of the Committee; and
(c) has become physically disabled or unable on any account from performing functions as
Chairman or member,
21. the Council, in case of District Zakat and Ushr Committee, and District Zakat and Ushr
Committee, in case of a Local Zakat and Ushr Committee may, by a notification, remove from
office such Chairman or the member.
(4) If, after such inquiry as may be considered necessary, the Council, in case of District Zakat and
Ushr Committee, and District Zakat and Ushr Committee, in case of a Local Zakat and Ushr
Committee, is of the opinion that the Chairman or a member of the Committee, or an employee
assigned to work with a Committee, or an institution receiving Zakat under the Act, is guilty of
misconduct in the discharge of duties, or is responsible for the loss, misapplication or misuse of
Zakat, the Council or District Zakat and Ushr Committee may initiate criminal or other appropriate
proceedings against such Chairman, member, person or institution.
Explanation.– For purposes of subsection (3) and subsection (4), the expression “misconduct”
means bribery, corruption, jobbery, favoritism, nepotism, willful maladministration or willful
diversion of funds and shall include an attempt or abetment of such misconduct.
(5) When a Chairman or a member of a Committee is removed from, or otherwise ceases to hold
office, the vacancy shall be filled within such time as the Council may determine, by election,
selection or, as the case may be, nomination in accordance with the provisions of the Act, of a
person qualified to hold the office.
(6) The Chairman or member elected, selected or nominated under subsection (5) shall hold
office for the unexpired term of his predecessor.
(7) The Council may delegate to the Chief Administrator any of its powers and functions under the
preceding provisions of this section in respect of a District Zakat and Ushr Committee or a Local
Zakat and Ushr Committee.
(8) The Chairman or a member of the Council or a Committee removed under subsection (1) or
subsection (3) may, within such time and in such form and manner as may be prescribed, apply to the
Council for a review of its decision and the decision of the Council on such review, after giving to
the applicant an opportunity of being heard, shall be final and shall not be called in question before
any court or other authority.
20. Vote of no confidence.– (1) Where in case of a Local Zakat and Ushr Committee, the District
Zakat and Ushr Committee, after such enquiry as it may deem fit, is of the opinion that the
members of the Local Zakat and Ushr Committee no longer have confidence in the Chairman,
the District Zakat and Ushr Committee may, in the prescribed manner, remove the Chairman
from his office.
(2) Where in case of a member of a Local Zakat and Ushr Committee or of a Local Zakat and Ushr
Committee as a whole, the District Zakat and Ushr Committee after such enquiry as it may deem fit,
is of the opinion that the adult Muslim residents of the locality no longer have confidence in a
22. member or in the Committee as a whole, the District Zakat and Ushr Committee may, in the
prescribed manner remove the member from his office or dissolve the Committee as a whole.
(3) The vacancy in the office of a Chairman or a member so caused shall be notified by the
District Zakat and Ushr Committee and filled in accordance with the provisions of the Act.
21. Certain persons to be public servants.– Every person engaged in, or employed for, the
administration of the Act, shall be deemed to be a public servant within the meaning of section 21 of
the Pakistan Penal Code, 1860 (XLV of 1860).
Explanation.– For purposes of this section, the Chairman and members of Council, a District
Zakat and Ushr Committee, a Local Zakat and Ushr Committee and the Chief Administrator
shall be the persons engaged in the administration of the Act.
22. Chairmen and members to act on honorary basis.– The Chairmen and members of the
Council, a District Zakat and Ushr Committee, and a Local Zakat and Ushr Committee shall
perform their functions under the Act on honorary basis.
CHAPTER VI
MISCELLANEOUS
23. Power to make rules.– The Government may, by notification in the official Gazette, make
rules for carrying out the purposes of the Act.
24. Power tocall forinformationandissue directions.– The Government, theCouncil, a District Zakat and Ushr
Committee, or a Local Zakat and Ushr Committee may, within its jurisdiction, call for such
information or record from, and issue such directions to, the concerned persons or agencies as
may be necessary for the performance of its functions under the Act.
25. Indemnity and bar of jurisdiction.– (1) No suit, prosecution or any other legal proceeding
shall lie against any person for anything, done or intended to be done, in good faith, under the
Act or the rules.
(2) No court shall call in question, or permit to be called in question, anything done or any
action taken under the Act or the rules.
23. (3) No court shall grant any injunction or make any order, nor shall entertain any proceedings, in
relation to any action taken or anything done or intended to be taken or done under the Act or the
rules.
26. Removal of difficulties.– The Government may, by order passed within one year of the
commencement of the Act, make such provisions as may be necessary to remove any difficulty in
carrying out the purposes of the Act.
27. Repeal, succession and savings.– (1) The Zakat and Ushr Ordinance, 1980 (XVIII of 1980) is
hereby repealed.
(2) Notwithstanding the repeal of the Zakat and Ushr Ordinance, 1980 (XVIII of 1980):
(a) the Council shall succeed all assets and liabilities of the Central Zakat Council and the Punjab
Zakat and Ushr Council established or constituted under the repealed Ordinance;
(b) a District Zakat and Ushr Committee and a Local Zakat and Ushr Committee shall
succeed all assets and liabilities of the District Zakat and Ushr Committee and the Local Zakat
and the Ushr Committee constituted under the repealed Ordinance;
(c) the Punjab Zakat and Ushr Council, the District Zakat and the Ushr Committees and the
Local Zakat and Ushr Committees constituted under the repealed Ordinance shall be deemed to
have been constituted under the Act; and
(d) any action or proceedings taken under the repealed Ordinance or the rules made thereunder
shall be deemed to have been taken under the Act in so far as they are not inconsistent with the
provisions of the Act.
FIRST SCHEDULE
(see section 2 and section 4)
ASSETS SUBJECT TO COMPULSORY LEVY OF ZAKAT THROUGH DEDUCTION-AT-
SOURCE FOR CREDIT TO THE PROVINCIAL ZAKAT FUND
Sr.
No.
Assets Rate and basis for
computing the
amount to be
deducted as Zakat
Deduction Date Deducting Agency
1. Savings Bank
Accounts and
similar accounts by
2.5% of the amount
standing to the
credit of an account
As notified by the
Chief Administrator
The Bank, Office, Centre
or institution, as the case
24. whatever name
described with the
Banks, Post Offices,
National Savings
Centers and
Financial
Institutions keeping
such accounts and
operating in the
Punjab.
at the
commencement of
the day on the
valuation date. No
deduction shall be
made in case the
amount standing to
the credit of an
account does not
exceed the amount
of nisab as notified
by the Chief
Administrator
Zakat.
Zakat for the Zakat
year.
may be, keeping the
account.
2. Notice Deposit
Receipts and
Accounts and
similar receipts and
accounts by
whatever name
described with the
banks, Post Offices,
National
Savings Centres and
financial institutions
issuing such
receipts and
keeping such
accounts and
operating in the
Punjab.
2.5% of the face
value of a receipt or
the amount standing
to the credit of an
account, as the case
may be, at the
commencement of
the day on the
valuation date, in
each Zakat year.
The date on which
the first return is
paid or the date of
encashment/
withdrawal,
whichever be earlier
in the Zakat year.
The bank, office, Centre
or institution, as the case
may be, issuing the
receipt or keeping the
account and responsible
for paying the return or
the amount encashed/
withdrawn.
3. Fixed Deposit
Receipts and
Accounts and
similar receipts and
accounts and
certificates
(e.g. Khas, Deposit
Certificates), by
whatever name
described, issued by
the banks, Post
Offices, National
Savings Centers and
financial
institutions, on
2.5% of the face
value of a receipt or
a certificate, or the
amount standing to
the credit of an
account, as the case
may be, at the
commencement of
the day on the
valuation date, in
each Zakat year.
The date on which
the first return is
paid, or the date of
encashment /
redemption/
withdrawal,
whichever beearlier
in the Zakat year.
The bank, office, centers
or institutions, as the
case may be, issuing the
receipt or certificate or
keeping the account, and
responsible for paying
the return or encashment/
redemption/ withdrawal.
25. which the return is
receivable by the
holder periodically
or is received earlier
than maturity or
withdrawal and
operating in the
Punjab.
4. Savings/deposit
certificates (e.g.
Defense Savings
certificates,
National Deposit
Certificates),
receipts and
accounts by
whatever name
described, issued or
kept by the banks,
Post Offices,
National Savings
Centers, financial
institutions,
companies and
statutory
corporations on
which return is
receivable and is
received, by the
holder, only on
maturity or
encashment and
operating in the
Punjab.
2.5% of the payable
value of certificates
or receipts or the
amount standing to
the credit of an
account, as the case
may be, as on the
valuation date.
The date on which
the maturity value
is paid, or of
encashment/ with-
drawl.
The bank, office, centre,
company, or corporation,
as the case may be,
responsible for paying
the return or the amount
withdrawn, or
redeeming, encashing the
certificates or receipts.
5. Units of the
National Investment
(Unit) Trust.
2.5% of the face
value or repurchase
value of the Units,
whichever be lower,
as on the valuation
The date on which
the first return or
the repurchase
value is paid,
whichever be
The Trustee of the
National Investment
(Unit) Trust or its
authorized agent paying
the return on, or the
26. date, in each Zakat
year.
earlier, in the Zakat
year.
repurchase value of the
Units.
6. I.C.P. Mutual Fund
Certificates.
2.5% of the face
value, or the market
value based on the
closing rate at the
Stock Exchanges,
whichever be lower,
as on the valuation
date, in each Zakat
year.
The date on which
the first return is
paid in the Zakat
year.
The Investment
Corporation of Pakistan.
7. Government
securities (other
than prize bonds
and certificates
mentioned at serial
number 3 and 4) on
which the return is
receivable by the
holder periodically.
2.5% of the face
value of the
Government
securities as on the
valuation date, in
each Zakat Year.
The date on which
the first return is
paid or the date of
encashment/
redemption,
whichever be
earlier, in the Zakat
year.
The bank, office or
institution, as the case
may be, responsible for
paying the return
or encashing/ redeeming
the security.
8. Securities including
shares and
debentures (other
than those
mentioned at serial
numbers 5, 6 and 7
above), of
companies or
statutory
corporations
excluding those
held in the name of
a company or a
statutory
corporation, on
which the return is
payable periodically
or otherwise, and is
paid.
If listed on the stock
exchange, 2.5% of
the paid-up value,
or the market value
based on the closing
rate at the Stock
Exchanges,
whichever belower,
as on the valuation
date, in each Zakat
year. If not listed on
the stock exchange
2.5% of the paid-up
value on the
valuation date, in
each Zakat year.
The date on which
the first return is
paid, or the date of
encashment or
redemption,
whichever beearlier,
in the Zakat year.
The corporation,
company or institution,
as the case may be,
responsible for paying
the return or encashing/
redeeming the security.
9. Annuities. 2.5% of the amount
of annuity benefit in
each Zakat year
and, in case of
surrender, 2.5% of
the surrender value
on the valuation
The date of first
payment of the
annuity benefit and
of the surrender
value.
The insurer or the bank,
institution or the
organization keeping the
amount in the form of an
annuity.
27. date, as the case
may be.
10. Life insurance
policies.
2.5% of the
surrender value as
on the advance date
in the Zakat year in
which the policy
matures or its
survival benefit or
surrender value is
paid, as the case
may be.
The date of
payment of
(maturity value) or
of survival benefit
or of surrender
value.
The insurer.
11. Provident funds. In case of non-
refundable advance,
2.5% of the amount
drawn or, in case of
final settlement,
2.5% of the balance
standing to the
credit of the
subscriber as on the
valuation date,
excluding in both
cases the
employer’s
contribution and the
return accrued
thereon.
The date of
payment of the
advance or of the
balance.
The authority, officer or
institution, making
payment of the advance
or of the balance.
SECOND SCHEDULE
[see sections 2, 4 and 5]
ITEMS NOT SUBJECT TO COMPULSORY LEVY OF ZAKAT BUT ON WHICH ZAKAT IS
PAYABLE BY EVERY SAHIB-E-NISAB ACCORDING TO THE RELEVANT NISAB, ON
SELF-ASSESSMENT BASIS, EITHER TO A ZAKAT FUND OR TO ANY INDIVIDUAL OR
INSTITUTION ELIGIBLE, UNDER THE SHARIAH, TO RECEIVE ZAKAT
Sr.
No.
Items Rate and Basis for Self-assessment
1. Gold and silver and manufactures
thereof.
2.5% of the market value as on the valuation
date.
2. Cash. 2.5% of the amount as on the valuation date.
3. Prize Bonds. 2.5% of the face value as on the valuation date.
28. 4. Current Accounts and foreign
currency accounts and to the extent
not subject to compulsory levy of
Zakat under First Schedule, other
accounts, certificates, receipts,
Units of National Investment (Unit)
Trust, Mutual Funds
Certificates, Government
securities, annuities, Life Insurance
Policies and Provident Funds.
2.5% of the value of the asset, as on the
valuation date.
5. Loans receivable excepting loans
receivable by banks, other financial
institutions, statutory corporations
and companies.
2.5% of the amount of loan receivable as on
the valuation date.
6. Securities including shares and
debentures, to the extent not subject
to compulsory levy of Zakat under
First Schedule.
If listed on the stock exchanges, 2.5% of the
market value i.e. the closing rate as on the
valuation date.
If not listed on the stock exchange, 2.5% of the
paid-up value as on the valuation date.
7. Stock in trade of:
(a) Commercial undertakings
including dealers in real estate
(a) 2.5% of the book value or at the option
of sahib-e-nisab, the market value as on the
valuation date
(b) Industrial undertakings (b) 2.5% of the book value or at the option
of the sahib-e-nisab, the market value of raw
materials and finished goods as on the
valuation date
(c) Precious metals and stones and
manufactures thereof
(c) 2.5% of the market value as on the
valuation date
(d) Fish and other catch/ procedure
of the sea, except catches by
indigenous techniques.
(d) 2.5% of the value, as on the valuation
date.
8. Agricultural including horticultural
and forest produce:
(a) Tenant’s share.
(a) (i) 10% of the produce, as on the
valuation date, in the barani area; and
(ii) 5% of the produce, as on the valuation
date, in the non-barani area;
(b) Other than the tenant’s share. (b) (i) 5% over and above
the compulsory 5% in the barani area, as
on the valuation date; and
29. (ii) one-fourth of the value
of produce allowed as an allowance for
expenses on production.
9. Animals (fed free in pastures)
(a) Sheep or goat.
As on the valuation date:
(a) (i) for owners of one to 39 heads:
nil;
(ii) for owners of 40 to 120 heads: one
sheep/goat;
(iii) for owners of 121 to 200 heads:
two sheeps/goats;
(iv) for owners of 201 to 399 heads:
three sheeps/ goats; and
(v) for owners of every complete additional
hundred heads: one sheep/ goat.
. (b) Bovine Animals. (b)
(i) for owners of one to 29
heads: nil;
(ii) for owners of 30 to 39 heads:
one calf between one year and two years old;
(iii) for owners of 40 to 59 heads:
one calf between two years and three years
old;
(iv) for owners of 60 to 69 heads:
two calves between one year and two years
old;
(v) for owners of 70 to 79 heads:
one calf between one year and two years old
and one between two years and three years old;
(vi) for owners of 80 to 89 heads:
two calves between two years and three years
old; and
30. (vii) for owners of 90 to 99 heads:
three calves between one year and two years
old; and
(viii) for owners of 100 and above
100 heads: as in shariah.
(c) Camels. (c) (i) for owners of one to 4 heads:
nil.
(ii) for owners of 5 to 24 heads: one
sheep/goat for every five heads.
(iii) for owners of 25 to 35 heads: one she-
camel between one year and two years old.
(iv) for owners of 36 to 45 heads: one she-
camel between two years and three years old.
(v) for owners of 46 to 60 heads: one she-
camel between four years and five years old.
(vi) for owners of 61 to 75 heads: two she-
camels between two years and three years old.
(vii) for owners of 76 to 90 heads: two she-
camels between two years and three years old.
(viii) for owners of 91 to 120 heads: two
she-camels between three years and four years
old.
(ix) for owners of more than 120 heads: as
in Shariah.
10. Wealth and financial assets other
than those listed in Schedule on
which Zakat is payable according
to Shariah.
As per Shariah.
31. [1]This Act was passedby the PunjabAssemblyon 07February2018; assentedtoby the Governor ofthe Punjabon15 February2018; and, was
publishedin the PunjabGazette (Extraordinary),dated15 February 2018,pages 5849-66.