Foreign contribution regulation: banks must verify registration, use designated accounts and report remittances under statutory rules. The Foreign Contribution (Regulation) Act, 2010 requires persons with defined cultural, economic, educational, religious or social programmes to obtain a certificate of registration or prior permission before accepting foreign contribution; designated recipients must receive foreign contribution only into a single specified bank account, banks must verify registration/permission status and report prescribed remittance particulars to the specified authority in the prescribed form and manner, and transfers, utilisation and mixing of funds are restricted with enforcement powers for inspection, seizure and penalties.