https://www.taxtmi.com/acts?id=12670 Registered recipients must use foreign contribution solely for the specified purposes and not for speculative business, with the Central Government empowered to define speculative business. Administrative expenses from such contribution are limited to one-fifth in a financial year, and any excess administrative expenditure requires prior Central Government approval; the Central Government may also specify the elements and calculation method for administrative expenses. en-us Fri, 13 May 2011 18:56:47 +0530 Sat, 24 May 2025 13:53:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=12670 Registered recipients must use foreign contribution solely for the specified purposes and not for speculative business, with the Central Government empowered to define speculative business. Administrative expenses from such contribution are limited to one-fifth in a financial year, and any excess administrative expenditure requires prior Central Government approval; the Central Government may also specify the elements and calculation method for administrative expenses. Act-Rules FEMA Fri, 13 May 2011 18:56:47 +0530 https://www.taxtmi.com/acts?id=12670