Foreign contribution securities account reporting requires detailed disclosure, RBI permission references, and an auditor's certificate. Intimation obligations for a Foreign Contribution (securities) Account require a prescribed form listing securities received or transferred, identifying ... Summary
Foreign contribution securities account reporting requires detailed disclosure, RBI permission references, and an auditor's certificate.
Intimation obligations for a Foreign Contribution (securities) Account require a prescribed form listing securities received or transferred, identifying numbers, nominal values, donor and transferee particulars, dividends or interest, references to foreign contribution currency account entries, and any Reserve Bank permission or prior intimation to the central government. The form must include a declaration by the chief functionary and a Chartered Accountant's certificate confirming audited opening and closing investments, additions during the year, statutory maintenance of foreign contribution accounts and the accuracy of enclosed financial statements.
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