Disposal of assets created from foreign contribution: assets to be transferred under registration law or by government designated authority. When a permitted recipient ceases to exist, assets created from foreign contribution must be disposed of pursuant to the law under which the recipient was ... Summary
Disposal of assets created from foreign contribution: assets to be transferred under registration law or by government designated authority.
When a permitted recipient ceases to exist, assets created from foreign contribution must be disposed of pursuant to the law under which the recipient was registered or incorporated; if no such law applies, the Central Government may notify a specified authority to dispose of those assets and prescribe the manner and procedure, having regard to the nature of the assets.
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