Transfer of foreign contribution to unregistered persons requires prior government approval, prescribed declaration, and reporting by transferor and recipient. A registered person could transfer part of received foreign contribution to an unregistered person only up to a capped proportion, subject to prior ... Summary
Transfer of foreign contribution to unregistered persons requires prior government approval, prescribed declaration, and reporting by transferor and recipient.
A registered person could transfer part of received foreign contribution to an unregistered person only up to a capped proportion, subject to prior Central Government approval obtained via prescribed application and declaration, and (where applicable) countersignature or decision by the District Magistrate; transfers between registered persons were permitted without prior approval if the recipient had not been proceeded against. Both transferor and recipient were responsible for proper utilisation and for reflecting transfers in statutory returns.
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