Session 1/3 Day 1. Audio Commentary by Anthony Williams (FPFA,LLB) to be added soon. For 1 on 1 discussion call +92-321-4409009, 0321-4409009, 92-42-35925972

1. Definition

2.  “non-profit organization”
 means
 any person
 other than an individual,
 which is –

3.  (a) established for
 religious,
 educational,
 charitable,
 welfare or
 development purposes, or
 for the promotion of an amateur sport;

4.  (b) formed and
 registered
 under any law
 as a non-profit organization;

5.  (c) approved by the Commissioner
 for specified period,
 on an application
 made by such person
 in the prescribed form and manner,
 accompanied by the prescribed documents and,
 On requisition,
 such other documents
 as may be required by the Commissioner;

6.  and
 none of the assets of such person
 confers, or may confer,
 a private benefit to any other person;]

7.  charitable purpose”
 includes
 relief of the poor,
 education,
 medical relief and
 the advancement of any
 other object of general public utility;]