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Legislative Environment of non-Profit Companies to be Revised, Stakeholders Say

A meeting was held at SAACB offices about ‘situation of non-profit companies in Palestine‘, headed by Counselor Eyad Tayyem and attended by representatives of related ministries, CSOs, SAACB director general Jaffal Jaffal and acting manager of NGOs audit department Mrs. Suzan Khalaf.

Participants recommended that responsible entities revise legislative environment (laws, regulations) that govern action of non-profit companies, and that the companies controller (responsible for enforcement of non-profit companies regulations) releases adequate and comprehensive regulations to regulate companies registrations, follow up action and coordinate with other entities (ministries in question, tax departments) in terms of registration, besides provide the department responsible with follow up non-profit companies at Ministry of National Economy with necessary potentials (number and qualifications of staff) to undertake tasks vested.

Counselor Tayyem stated that SAACB realized importance of audit this new form of institutions, as they resemble other CSOs in receiving foreign donations and projects. He pointed out that this report set by SAACB, 2017 intends to consider the legal and regulatory environment of non-profit companies in Palestine, revise all laws and regulations that govern action, reveal all forms of regulatory/administrative shortcomings and present necessary recommendations to address them.

Date of Publication- 3/6/2018


 
         

 

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