https://www.taxtmi.com/acts?id=12754 Rule 24, now omitted, earlier regulated transfers of foreign contribution to unregistered persons. A registered or prior-permission holder could transfer only a prescribed proportion of foreign contribution to such a recipient after applying for and obtaining Central Government approval. The application required a declaration of compliance with the transfer limit and an undertaking not to transfer funds before approval. Transfers between registered or prior-permission holders did not require prior approval where the recipient had not been proceeded against. Both parties remained responsible for proper utilisation and disclosure in prescribed returns. en-us Sat, 14 May 2011 15:27:14 +0530 Tue, 01 Sep 2026 16:29:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=12754 Rule 24, now omitted, earlier regulated transfers of foreign contribution to unregistered persons. A registered or prior-permission holder could transfer only a prescribed proportion of foreign contribution to such a recipient after applying for and obtaining Central Government approval. The application required a declaration of compliance with the transfer limit and an undertaking not to transfer funds before approval. Transfers between registered or prior-permission holders did not require prior approval where the recipient had not been proceeded against. Both parties remained responsible for proper utilisation and disclosure in prescribed returns. Act-Rules FEMA Sat, 14 May 2011 15:27:14 +0530 https://www.taxtmi.com/acts?id=12754