Foreign contribution ceiling narrowed, tightening permissible utilisation under the amended section 8(1) and related compliance requirements. The amendment substitutes the words "fifty per cent." with "twenty per cent." in sub section (1) of section 8 of the principal Act, thereby reducing the ... Summary
Foreign contribution ceiling narrowed, tightening permissible utilisation under the amended section 8(1) and related compliance requirements.
The amendment substitutes the words "fifty per cent." with "twenty per cent." in sub section (1) of section 8 of the principal Act, thereby reducing the proportion of foreign contributions permitted for the specified purpose; the substitution came into force by notification effective 29 September 2020.
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