Central Government designates the branch of the State Bank of India for the opening of the 'FCRA Account' to facilitate the remittance of foreign contributions under Section 17 of the Foreign Contribution (Regulation) Act, 2010 - S.O. 3479(E) - Foreign Contribution (Regulation)
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FCRA Account designation: a specific bank branch is prescribed as the mandatory channel for foreign contribution remittance. The Central Government, by notification, specifies the New Delhi Main Branch of the State Bank of India at 11 Sansad Marg as the designated branch to receive and hold the FCRA Account, prescribing the banking channel for remittance of foreign contributions under the foreign contribution regulatory framework.
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Provisions expressly mentioned in the judgment/order text.
FCRA Account designation: a specific bank branch is prescribed as the mandatory channel for foreign contribution remittance.
The Central Government, by notification, specifies the New Delhi Main Branch of the State Bank of India at 11 Sansad Marg as the designated branch to receive and hold the FCRA Account, prescribing the banking channel for remittance of foreign contributions under the foreign contribution regulatory framework.
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