Foreign Contribution Account requirements: designated FCRA accounts and strict bank reporting govern receipt and use of foreign donations. Recipients of foreign contribution must receive funds only in a designated FCRA Account at the Central Government-specified SBI branch; they may open additional FCRA Accounts in scheduled banks to hold or utilise transferred foreign contributions, and may open accounts in scheduled banks solely for utilising transferred contributions. No funds other than foreign contribution may be deposited in these accounts. The specified SBI branch, scheduled bank branches holding such accounts, and authorised persons in foreign exchange must report prescribed remittances, their source and manner, and other prescribed particulars to the specified authority in the prescribed form and manner.
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.
Foreign Contribution Account requirements: designated FCRA accounts and strict bank reporting govern receipt and use of foreign donations.
Recipients of foreign contribution must receive funds only in a designated FCRA Account at the Central Government-specified SBI branch; they may open additional FCRA Accounts in scheduled banks to hold or utilise transferred foreign contributions, and may open accounts in scheduled banks solely for utilising transferred contributions. No funds other than foreign contribution may be deposited in these accounts. The specified SBI branch, scheduled bank branches holding such accounts, and authorised persons in foreign exchange must report prescribed remittances, their source and manner, and other prescribed particulars to the specified authority in the prescribed form and manner.
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