ABOUT pla Foundation
AIM & OBJECT OF THE SOCIETY :
INCOME
The income and property of the Society whatsoever derived shall be applied solely towards the promotion of the objectives and the purpose of the Society as set forth in this memorandum and no portion hereof shall be paid or transferred directly or indirectly by way of dividend, bonus or otherwise howsoever by way of profit to the persons who at any time are or have members of the Society.
Aenean metus
FUND MOBILIZATION AND UTILIZATION
a). To receive any foreign donation without undergoing the formalities as laid down in the Foreign Donation (Voluntary Activities) Regulations Ordinance (Ordinance No. XLVI of 1978) and the Foreign Contributions (Regulation) Ordinance (Ordinance No. XXI of 1982) as amended from time to time.
b). Income of the Society will be spent in implementing aims and objectives of the Society and income of the Society shall not be distributed among the members of the Society by way of dividend or bonus, salary, pocket money, honorarium or howsoever.
DISSOLUTION OR WINDING UP
If, upon the winding up or dissolution of the Society, there shall remain any assets after liquidation all its debts and liabilities, shall not be paid to or distributed among the members of the Society, the same but shall be given or transferred to or applied to some other Society to be determined by the 3/5th majority of the members of the Society.
