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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Foreign Contribution Regulation Act Mandates Immediate Transfer of Unspent Foreign Funds to Government Upon Registration Cancellation</h1> When a person's foreign contribution registration certificate is cancelled, any unutilized foreign contribution in their FCRA account automatically vests with the prescribed authority under the Act. The rule ensures that foreign funds are placed under official control and supervision after certificate cancellation, preventing unauthorized use or transfer of foreign contributions.
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