Act No. 119 on the obligation of non profit organizations to register.

The present Act lays down rules regulating non profit organizations which are established for the purpose of raising or disbursing funds for the public benefit and which specifically operate across borders. These organisations are required to be registered in a Register of Non Profit Organizations maintained by the Directorate of Internal Revenue. The Act contains 24 articles divided into the following Chapters: I. General provisions; II. Establishment of an organization; III. Membership and annual general meeting; IV. Administration of an organization; V. Dissolution of an organization; VI. Liquidation of an organization by a court order; VII. Registration in the Register of Non Profit Organizations; VIII. Sanctions; IX. Entry into force, etc. The Act contains detailed ruled on all aspects of the functioning of the organizations subject to regulation.