Prohibition on transfer of foreign contribution bars registered recipients or permission holders from passing funds to any other person. Any person who is registered and granted a certificate or who has obtained prior permission under the Foreign Contribution (Regulation) Act, 2010 and who ... Summary
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Prohibition on transfer of foreign contribution bars registered recipients or permission holders from passing funds to any other person.
Any person who is registered and granted a certificate or who has obtained prior permission under the Foreign Contribution (Regulation) Act, 2010 and who receives foreign contribution shall not transfer such foreign contribution to any other person; the 2020 amendment substituted the provision to remove earlier conditional exceptions and government approved transfer routes.
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