Foreign contribution asset control tightened with prior government approval required before any alienation, encumbrance, or other dealing. Section 13 is amended to add a condition that any asset created out of foreign contribution must not be alienated, encumbered, or otherwise dealt with ... Summary
Foreign contribution asset control tightened with prior government approval required before any alienation, encumbrance, or other dealing.
Section 13 is amended to add a condition that any asset created out of foreign contribution must not be alienated, encumbered, or otherwise dealt with except with the prior approval of the Central Government. The amendment strengthens control over the use and disposal of assets derived from foreign contribution by making governmental approval a prerequisite for such transactions.
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