Foreign contribution instalment release requires prior-permission disclosures, minimum previous-instalment utilisation, certified accounts and compliance declarations. Form FC-3BB governs applications for release of second or subsequent foreign-contribution instalments under prior permission. The applicant must provide ... Summary
Form FC-3BB governs applications for release of second or subsequent foreign-contribution instalments under prior permission. The applicant must provide prior-permission, receipt, utilisation, balance, project and asset details, and confirm whether at least seventy-five per cent of the previous instalment has been utilised. It must disclose any unauthorised use or receipt, legal violations, changes in key functionaries, and disposal of foreign-contribution assets. A Chartered Accountant-certified utilisation statement, relevant bank statements and utilisation report must accompany the application.
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