Management of foreign contribution: vested assets transfer to a prescribed authority, which may manage, utilise or dispose pending re registration. Foreign contribution and assets created from it vest in a prescribed authority when a person's certificate is cancelled or surrendered. The authority may manage the person's activities in the public interest, utilise the foreign contribution or dispose of assets if adequate funds are not available, and must return the vested foreign contribution and assets if the person is subsequently registered.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Management of foreign contribution: vested assets transfer to a prescribed authority, which may manage, utilise or dispose pending re registration.
Foreign contribution and assets created from it vest in a prescribed authority when a person's certificate is cancelled or surrendered. The authority may manage the person's activities in the public interest, utilise the foreign contribution or dispose of assets if adequate funds are not available, and must return the vested foreign contribution and assets if the person is subsequently registered.
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