Foreign contribution management permits vesting, public-interest administration, and asset use after certificate cancellation or surrender, pending possible re-registration. Foreign contribution and assets created from it vest in the prescribed authority when a person's registration certificate is cancelled or surrendered. In ... Summary
Foreign contribution management permits vesting, public-interest administration, and asset use after certificate cancellation or surrender, pending possible re-registration.
Foreign contribution and assets created from it vest in the prescribed authority when a person's registration certificate is cancelled or surrendered. In the public interest, the authority may manage the person's activities as directed by the Central Government. If adequate funds are unavailable to run those activities, it may utilise the foreign contribution or dispose of assets created from it. The vested foreign contribution and assets must be returned if the person is subsequently registered.
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