Foreign contribution transfers require prior permission, recipient identification, designated account details, utilisation responsibility, and dual annual return disclosure.

Form FC-5 governs applications for permission to transfer foreign contribution to an unregistered person. The transferor must provide its authorisation details, recipient particulars, proposed transfer amount and purpose, and the recipient's exclusive FCRA-designated bank account details. The transferor must declare that the proposed annual transfer remains within the prescribed limit and that no amount will be transferred before approval. Both transferor and recipient are responsible for proper utilisation and must report the transfer in Form FC-4 returns.

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