https://www.taxtmi.com/acts?id=12745 Cancellation of the registration certificate of a person maintaining an FCRA Account under section 17 causes unutilised foreign contribution in that account to vest with the prescribed authority under the Act. The current framework replaced an earlier arrangement under which unutilised funds remained with the concerned bank pending further Central Government directions, including where foreign contribution had been transferred to another person. en-us Sat, 14 May 2011 15:23:07 +0530 Tue, 01 Sep 2026 15:47:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=12745 Cancellation of the registration certificate of a person maintaining an FCRA Account under section 17 causes unutilised foreign contribution in that account to vest with the prescribed authority under the Act. The current framework replaced an earlier arrangement under which unutilised funds remained with the concerned bank pending further Central Government directions, including where foreign contribution had been transferred to another person. Act-Rules FEMA Sat, 14 May 2011 15:23:07 +0530 https://www.taxtmi.com/acts?id=12745