Vesting of foreign contribution: assets vest in a prescribed authority and may be managed or returned upon re-registration. Vesting occurs in a prescribed authority when a person's certificate is cancelled or surrendered; the authority manages vested foreign contribution and ... Summary
Vesting of foreign contribution: assets vest in a prescribed authority and may be managed or returned upon re-registration.
Vesting occurs in a prescribed authority when a person's certificate is cancelled or surrendered; the authority manages vested foreign contribution and assets under Central Government direction, may utilise or dispose of assets to fund activities in the public interest when funds are insufficient, and must return the vested contribution and assets if the person's registration is subsequently restored.
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