Delegated rulemaking under foreign contribution law governs registration, reporting, utilisation, administrative expenses, enforcement, and compliance procedures. Section 48 confers delegated rulemaking power on the Central Government to implement the Foreign Contribution (Regulation) Act, 2010. Rules may prescribe ... Summary
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Delegated rulemaking under foreign contribution law governs registration, reporting, utilisation, administrative expenses, enforcement, and compliance procedures.
Section 48 confers delegated rulemaking power on the Central Government to implement the Foreign Contribution (Regulation) Act, 2010. Rules may prescribe compliance requirements for foreign-contribution reporting, foreign hospitality, registration, prior permission, renewal, utilisation, vesting, management, account maintenance and remittance reporting. The power also covers political-nature classification, speculative business, administrative-expense calculation, disposal of assets, confiscation limits, revision and compounding procedures, and prescribed returns and statements.
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