Foreign contribution compliance: amendment replaces key eligibility wording and sets validity limits for certificates and prior permission. The amendment revises section 12 by substituting 'key functionaries' for 'directors or office bearers' in the eligibility inquiry and by prescribing that a certificate granted under sub-section (3) is valid for five years. It also provides that prior permission under sub-section (3) applies only to a specific purpose or specific amount of foreign contribution, which must be received and utilised within the prescribed period.
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Provisions expressly mentioned in the judgment/order text.
Foreign contribution compliance: amendment replaces key eligibility wording and sets validity limits for certificates and prior permission.
The amendment revises section 12 by substituting "key functionaries" for "directors or office bearers" in the eligibility inquiry and by prescribing that a certificate granted under sub-section (3) is valid for five years. It also provides that prior permission under sub-section (3) applies only to a specific purpose or specific amount of foreign contribution, which must be received and utilised within the prescribed period.
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