Disposal of assets created from foreign contribution: Central government may specify authority and procedure where no governing law applies. Disposal of assets created from foreign contribution must follow the law under which the recipient was registered or incorporated; in the absence of such law, the Central Government may, considering the nature of the assets, notify a specified authority to dispose of them in such manner and procedure as may be prescribed where the permitted recipient ceases to exist or becomes defunct.
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.
Disposal of assets created from foreign contribution: Central government may specify authority and procedure where no governing law applies.
Disposal of assets created from foreign contribution must follow the law under which the recipient was registered or incorporated; in the absence of such law, the Central Government may, considering the nature of the assets, notify a specified authority to dispose of them in such manner and procedure as may be prescribed where the permitted recipient ceases to exist or becomes defunct.
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