Legal Framework &
Statutory Affiliations.
Village Education Resource Center (VERC) operates in full alignment with Bangladesh statutory authorities and international development governance benchmarks, ensuring uncompromising transparency, financial integrity, and accountability.
Primary Accreditation
Official Registrations & Regulatory Licensure
Statutory documentation issued by national regulatory authorities permitting multi-sectoral community development, microfinance, and development cooperation.
NGO Affairs Bureau Registration
Mandatory statutory registration permitting the receipt and utilization of foreign grants under the Foreign Donations Regulation Act.
Social Welfare Registration Certificate
Certified under the Voluntary Social Welfare Agencies Ordinance for comprehensive grassroots development and community welfare.
Microcredit Regulatory Authority (MRA)
Statutory authorization to deliver inclusive microfinance, revolving loan funds, and financial literacy initiatives nationwide.
Value Added Tax (VAT) Registration
Strict adherence to statutory tax laws and VAT withholding compliance as mandated by the National Board of Revenue.
Income Tax Exemption Certification
Recognized non-profit tax-exempt entity ensuring all donations and institutional grants are allocated directly to beneficiaries.
Statutory Chartered Accountant Audit
External annual financial compliance, balance sheet verification, and donor expenditure audit conducted by certified auditors.
Operational Governance
Institutional
Policies & Codes.
Standard operating guidelines designed to maintain high administrative ethics, operational safety, staff welfare, and partner accountability across all field offices.
Probationary Employment & HR Policy
Standardized protocols for staff recruitment, merit-based orientation, fair employment standards, and periodic performance evaluations.
Vehicle & Logistics Fleet Safety Policy
Comprehensive guidelines governing fleet maintenance, transport safety, field travel protocols, and resource allocation efficiency.
Child Safeguarding & PSEA Standards
Strict zero-tolerance policy against sexual exploitation, abuse, and harassment (PSEA), with rigorous child protection compliance across all learning centers.
Financial Integrity & Anti-Corruption Code
Robust dual-authorization procurement frameworks, internal audit checkpoints, and transparent financial reporting adhering to international donor standards.
Governance Framework
Institutional Accountability & Oversight
How VERC maintains checks and balances across program execution, financial administration, and stakeholder commitments.
Independent Executive Oversight
- Governed by an elected Executive Committee and General Body
- Clear demarcation between strategic governance and operational management
- Periodic independent reviews and structured committee terms
Statutory Financial Audits
- Annual financial statements audited by independent Chartered Accountant firms
- Direct reporting to the NGO Affairs Bureau and Microcredit Regulatory Authority
- Full disclosure of project budgets, overheads, and program expenditures
Partner & Regulatory Alignment
- Strict adherence to GoB development guidelines and 5-year plans
- Alignment with UNICEF, WaterAid, and bilateral institutional compliance standards
- Proactive open disclosure and anti-fraud monitoring mechanisms
Committed to Transparent, Ethical & Compliant Development
All statutory certificates, annual financial reports, and regulatory filings are maintained in full accordance with the NGO Affairs Bureau and Microcredit Regulatory Authority standards.