Foreign contribution rule-making powers expand to cover asset management, registration procedures, appeals, reports, and exemptions. Clause 19 amends section 48(2) of the principal Act to enlarge the rule-making power under the foreign contribution framework. It inserts new rule-making subjects covering the period for receipt and utilisation of foreign contribution, provisional vesting and return of assets, management by the Designated authority or Administrator, renewal or restoration of registration, transfer or disposal of assets, entrustment of asset management, furnishing of information, certificates, reports, delegation of powers, appeal limits, and exemptions from Chapter IIIA. It also omits clauses (n) and (o) and clause (v).
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Foreign contribution rule-making powers expand to cover asset management, registration procedures, appeals, reports, and exemptions.
Clause 19 amends section 48(2) of the principal Act to enlarge the rule-making power under the foreign contribution framework. It inserts new rule-making subjects covering the period for receipt and utilisation of foreign contribution, provisional vesting and return of assets, management by the Designated authority or Administrator, renewal or restoration of registration, transfer or disposal of assets, entrustment of asset management, furnishing of information, certificates, reports, delegation of powers, appeal limits, and exemptions from Chapter IIIA. It also omits clauses (n) and (o) and clause (v).
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