Payment by cheque requirement: associations must use non-cash modes for large foreign contribution disbursements to ensure compliance. Associations registered or granted prior permission under the Foreign Contribution (Regulation) Act, 2010 are advised that items of expenditure or payments amounting to Rs. 20,000/- or more should be made by account payee cheque or demand draft from FC designated bank accounts and Utilisation Accounts, and that cash payments of that magnitude are likely to attract more intensive governmental scrutiny of records and accounts.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Payment by cheque requirement: associations must use non-cash modes for large foreign contribution disbursements to ensure compliance.
Associations registered or granted prior permission under the Foreign Contribution (Regulation) Act, 2010 are advised that items of expenditure or payments amounting to Rs. 20,000/- or more should be made by account payee cheque or demand draft from FC designated bank accounts and Utilisation Accounts, and that cash payments of that magnitude are likely to attract more intensive governmental scrutiny of records and accounts.
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