Custody of foreign contribution: unutilised funds in cancelled FCRA accounts vest with the prescribed authority under the Act. Unutilised foreign contribution in an FCRA account upon cancellation of a person's registration certificate vests with the prescribed authority under the Act; if the funds were transferred to another person before or on cancellation, the custody mechanism applies to that transferee.
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.
Custody of foreign contribution: unutilised funds in cancelled FCRA accounts vest with the prescribed authority under the Act.
Unutilised foreign contribution in an FCRA account upon cancellation of a person's registration certificate vests with the prescribed authority under the Act; if the funds were transferred to another person before or on cancellation, the custody mechanism applies to that transferee.
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