Foreign Donations (Voluntary Activities) Regulation Ordinance, 1978

 

Foreign
Donations (Voluntary Activities) Regulation Ordinance, 1978

(Ordinance xlvi
Of 1978)

 

Section—2(d)

This
Ordinance has not created any obstacle in the investment for the purpose of
getting more income to be spent in charities, and there is no bar in law in
investing foreign donations in income generating activities. If a society is
prevented from investing its money for augmenting its resources, it will be
dependent on donations. (Per Mahmudul Amin Choudhury, CJ)

The
investment by BRAC in BRAC Bank is a commercial activity, which is beyond the
scope of ‘voluntary activity’ mentioned in section 2(d) of the Ordinance. It is
not contemplated by the government’s policy direction that organizations
receiving foreign donations such as BRAC should take steps to be less dependent
on such donations and to earn profit, by making investments where profit is
uncertain or there is a risk factor of loss. (Per Md. Ruhul Amin, J,
dissenting)

BRAC v.
Professor Mozaffar Ahmed and others, 22BLD (AD) 41.

Ref:
Dr. Mohiuddin Farooque 49 DLR (AD) 1; The National Deposit Friendly Society v.
Skegness Urban District Council (1958) 2 All ER 601.

 

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