Investigation jurisdiction for FCRA offences allocated between state crime branches and central agency based on scale of contributions.
Specification designates officers not below the rank of Sub Inspector as the authorities for investigation under the Foreign Contribution (Regulation) Act, 2010 and allocates investigative responsibility by scale: State Investigating Agencies (Crime Branch) handle prima facie violations involving receipt of foreign contribution below the stated monetary threshold within their States, while the Central Bureau of Investigation is assigned offences at or above that threshold and other cases specifically entrusted by the Central Government.

Previous sanction under FCRA authorised: central probes vested in Union Home Secretary, state probes with State Home Secretaries.
Authorisation vests the administrative power to accord previous sanction under Section 40 of the Foreign Contribution (Regulation) Act, 2010 in designated executive officers: the Union Home Secretary for offences probed by central investigating agencies and the State Home Secretary of the concerned State for offences probed by state crime investigation agencies.

Exemption from FCRA: statutory bodies audited by the CAG are relieved from FCRA obligations upon official notification.
The Central Government, invoking Section 50 of the Foreign Contribution (Regulation) Act, 2010, exempts all bodies constituted or established by or under a Central Act or a State Act whose accounts are compulsorily audited by the Comptroller and Auditor General of India from the operation of all provisions of the Act, effective from the date of publication of the order in the Official Gazette.

Prevention of Money Laundering Rules renamed; amendment shortens rule title and takes effect upon Gazette publication.
The Central Government amends the Prevention of Money laundering Rules to adopt the short title Prevention of Money laundering (Maintenance of Records) Rules in place of the lengthy descriptive name for the rules governing maintenance of transaction and client identity records by banking companies, financial institutions and intermediaries, and provides that the amendment shall come into force upon publication in the Official Gazette.

Diamond Dollar Account scheme permits eligible exporters to hold non interest US Dollar current accounts under specified credit, debit and reporting rules.
Amendments create a Diamond Dollar Account (DDA) Scheme allowing eligible exporter firms and companies to open US Dollar current accounts with Authorized Dealer Category I banks, non interest bearing and limited to five accounts per exporter; balances are subject to CRR and SLR. Credits are limited to specified export realisations and US Dollar finance, debits cover permitted payments for diamonds, gemstones, specified jewellery, gold imports, loan repayments and transfers to the rupee account, with all transactions governed by the Foreign Trade Policy. Banks must verify eligibility annually and report monthly to the Reserve Bank.

Commencement of Foreign Contribution (Regulation) Act 2010 set to commence on May first by Central Government notification.
Commencement of the Foreign Contribution (Regulation) Act, 2010 is appointed to take effect on 1 May 2011 by notification S.O. 909(E) dated 29 April 2011, issued by the Central Government under sub section (3) of section 1, thereby bringing the Act's provisions into force.

Commencement of Foreign Contribution Regulation Act set by central government, bringing the Act into force nationwide.
Central Government exercised its statutory commencement power and, by notification issued through the administrative ministry, appointed a specific date as the day on which the Foreign Contribution (Regulation) Act 2010 shall come into force, thereby bringing the Act's regulatory provisions into legal effect.

Foreign contribution regulation: mandatory registration/prior permission, exclusive accounts, audited annual returns and bank reporting requirements.
The Rules operationalise the Foreign Contribution (Regulation) Act, 2010 by defining key terms, prescribing electronic applications and Forms FC 1 to FC 10 for registration, prior permission, renewal and annual returns, requiring exclusive bank accounts for foreign contribution receipts, mandating separate audited accounts and six year record retention, obliging banks to report receipt transactions, specifying designation criteria for organisations of political or speculative nature, prescribing fees and timelines, and setting custodial, utilisation and enforcement procedures including suspension, cancellation and transfer restrictions.

Small account limits: simplified KYC with designated officer certification, monitored branches, and remittance restrictions without full ID.
The amendment creates a small account class with restricted transactional and balance thresholds and allows opening on a self attested photograph and signature or thumbprint certified by a designated officer. Such accounts must be opened only at CBS linked or manually monitored branches to prevent foreign remittances and to ensure limits are respected. Initial operation is time limited and extendable pending application for official ID; suspicious activity triggers full identity verification. NREGA job cards and Aadhaar letters are added as officially valid documents and accounts opened solely on those documents are to be treated as small accounts.

Establishment of foreign branches or liaison offices: applications must go through authorised dealers, who may extend approvals.
The amendment inserts a definition of authorised dealer and requires applicants to establish a branch or liaison office to apply to the Reserve Bank through an Authorised Dealer using Form FNC. It establishes that authorised dealers may, subject to RBI directions, extend the validity period of liaison office approvals upon receiving applications. Form FNC prescribes corporate, financial and operational particulars, required supporting documents and a declaration limiting activities, consenting to enquiries and acknowledging that FEMA approval is distinct from other statutory clearances. The amendment is given retrospective effect with a non adverse clarification.

Remittance of winding-up proceeds: authorised dealers may permit transfers subject to regulatory directions and documentary compliance.
Regulation 7 requires that a foreign-resident person's branch or office seeking remittance of winding-up proceeds submit the Reserve Bank's permission for establishment; an auditors' certificate showing the remittable amount, assets and liabilities, asset disposal, confirmation that Indian liabilities and employee benefits are met or provided for, repatriation of foreign-source income, and regulatory compliance; a tax no-objection or clearance; confirmation of no pending legal impediment; and a Registrar of Companies compliance report where applicable, with the Authorised Dealer empowered to permit remittance subject to regulatory directions.